⛏️ Crypto Mining Calculator

Formula

Profit = (coins/day × price) − ((watts ÷ 1000) × 24 × electricity price)

Revenue is simply the number of coins mined multiplied by the price per coin. Power cost is converted from watts to kilowatts by dividing by 1000, multiplied by 24 hours for a full day, and multiplied by your price per kWh. The difference between revenue and power cost is your daily profit — or loss. If you also enter a hardware cost, the calculator works out how many days it takes to pay that back.

Steps

1. 1Enter how many coins your hardware mines on average per day (read this from your mining pool or software).
2. 2Enter the price per coin, the power draw in watts and your electricity price per kWh; the current BTC price is autofilled for you.
3. 3Optionally enter the hardware cost to see the payback time of your equipment alongside your daily profit.

Profit at different electricity prices

EXAMPLE based on 0.0005 BTC/day at € 58,000 and 3000 W draw; substitute the figures above for your own situation.

limitations

• −Coins per day depends on network difficulty, which constantly changes; you need to keep this figure current yourself, for example via your mining pool.
• −The calculation doesn't account for hardware wear, cooling, maintenance or internet costs — these are extra expenses on top of the electricity price.

commonMistakes

• ✗Only looking at revenue and forgetting power costs, especially at a high electricity price.
• ✗Continuing to use an outdated "coins per day" figure while network difficulty has since risen, which overstates profit.
• ✗Ignoring the coin's price volatility; a profitable day can suddenly turn into a loss if the price drops.

useCases

• ✓Assessing whether it's worth keeping existing mining hardware running at the current electricity price.
• ✓Comparing new hardware by calculating the payback time before you invest.
• ✓Determining at what electricity price mining breaks even, for example before moving to a location with different energy rates.