Google Preferred Source See Bitcoin.now more often.

Add Bitcoin.now to your preferred sources so Google can surface more of our Bitcoin reporting and explainers in your results.

Make Bitcoin.now preferred Opens Google’s source preferences. You stay in control.
Google Preferred Source
Operating scenario model

Bitcoin mining profitability and hashprice calculator

Estimate mining profitability and hashprice from network, price, hashrate, power and uptime assumptions. Results are models - not promises - and exclude taxes, financing and many operating costs.

Model a mining machine

Loading the latest cached BTC/USD and difficulty assumptions…

Est. monthly revenue -
Electricity cost -
Operating margin -
Break-even power -

Monthly margin under price scenarios

Price scenarios change revenue, while the entered electricity cost stays fixed. Difficulty, fees and uptime can also move.

Mining revenue is a share of network work

A miner’s expected share of block rewards roughly follows its share of network hashrate. Actual results are lumpy: a pool smooths payouts across miners, while solo mining can wait a very long time for a block.

Efficiency links hashrate to electricity

Two machines with the same TH/s can have different power draw. Divide watts by TH/s to compare joules per terahash. Lower is more efficient, but purchase price, repair rate, cooling and curtailment still matter.

Compare live proof-of-work context in the mining dashboard, review measurement boundaries in the Bitcoin mining energy research, and read the mining learning path.

Costs omitted from this model

CapitalMachine, transformer, rack, building and financing
OperationsCooling, labor, repairs, insurance and networking
MarketPool payout method, exchange spread and conversion costs
PolicyTaxes, demand charges, permits and curtailment rules

Hashprice is not fixed

Bitcoin price, subsidy, transaction fees and network difficulty all affect revenue per unit of hashrate. Treat every output as a scenario, not a quote.

Method and boundary

Inside the mining scenario model

Revenue and electricity are modelled visibly; ownership, financing, and site operations are not hidden inside one profit number.

01

Expected revenue

Machine hashrate is compared with estimated network hashrate, then adjusted for block rewards, uptime, and pool fee.

02

Metered energy scenario

Power draw, hours, and the entered electricity rate produce the modelled energy cost.

03

Operating margin only

Hardware purchase, cooling, labor, repairs, financing, taxes, curtailment, and exchange costs are excluded and named beside the result.

Mining-model questions to answer before trusting a margin

What is hashprice?

Hashprice expresses expected mining revenue per unit of hashrate over time. It moves with bitcoin price, the subsidy, transaction fees and network difficulty.

Does a positive margin mean the miner is profitable?

Not necessarily. The result subtracts modelled electricity from modelled revenue. Hardware cost, cooling, labor, downtime, financing and tax can turn it negative.

Why can actual pool payouts differ?

Pools use payout schemes, fee rules and settlement timing. Luck, stale shares, curtailment and machine performance can also move realized results away from expectation.

Operating scenario model

Model mining income from the numbers that actually decide it

Expected revenue is your share of network hashrate multiplied by the coins the network pays out each day. Electricity is the dominant cost. The calculator makes both explicit so a change in any input is visible in the result.

  1. Part 1

    The revenue formula is short

    Daily BTC ≈ (your hashrate ÷ network hashrate) × 144 blocks × (subsidy + average fees per block). At 3.125 BTC subsidy, a machine with one-millionth of the network earns roughly 0.00045 BTC a day before fees and pool cost.

    • Network hashrate is an estimate and moves daily.
    • Fees per block vary far more than the subsidy.
    • Pool fees of 1–4 % come off the top.
    How mining works →
  2. Part 2

    Electricity price decides survival

    A machine drawing 3,000 W uses 72 kWh a day. At 5 ¢/kWh that is $3.60; at 15 ¢ it is $10.80. Miners at the high end are the first to switch off when the price falls or difficulty rises.

    • Use the tariff you actually pay, including delivery charges.
    • Add cooling and hosting where they apply.
    • Hardware cost and resale value sit outside the daily margin.
    Mining energy research →
Reference sheet

Inputs and what a change in each does

InputUnitEffect of a 10 % riseWhere to check it
Your hashrateTH/s+10 % revenue, same powerManufacturer specification
Network hashrateEH/sAbout −9 % revenueMining dashboard
Electricity price$/kWh+10 % costYour bill
BTC priceUSD+10 % fiat revenue, BTC unchangedBitcoin price reference