Bitcoin Mining Calculator - BTC Mining Calculator (2024)

Bitcoin Mining Calculator - BTC Mining Calculator (1)

BTC Mining Calculator

MicroBT Whatsminer M63S Hydro 390T miner preloaded.

Enter your Bitcoin mining hashrate, power consumption in watts, and costs.

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Calculate Mining Profit

Reset


Mining Revenue
$17.86


Mining Fees
$0.00


Electricity Costs
$8.66

0.00001221 BTC
Bitcoin mined per hour

0.00029300 BTC
Bitcoin mined per day

$9.20
Bitcoin mining profit per day

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Bitcoin Mining Calculator - BTC Mining Calculator (6) Bitcoin Miners

Calculate Bitcoin mining profit using one of these Bitcoin miners. Select or click a miner to have the inputs preloaded automatically. Then simply click the "Calculate Mining Profit" above.

MicroBT
Whatsminer M63S Hydro 390T
$13,699.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (7)

390.00 TH/s

7,215 Watts

18.50 J/TH/s

35.13 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M63 Hydro 366T
$11,799.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (9)

366.00 TH/s

7,283 Watts

19.90 J/TH/s

32.24 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M63S Hydro 360T
$12,499.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (11)

360.00 TH/s

7,215 Watts

20.04 J/TH/s

34.72 $/TH/s

Calculate Profitability

Bitmain
Antminer S21 Hydro
$7,599.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (13)

335.00 TH/s

5,360 Watts

16.00 J/TH/s

22.68 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M66S Hydro 298T
$10,799.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (17)

298.00 TH/s

5,513 Watts

18.50 J/TH/s

36.24 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M66 Hydro 280T
$9,499.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (19)

280.00 TH/s

5,572 Watts

19.90 J/TH/s

33.93 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M66S Hydro 270T
$9,699.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (21)

270.00 TH/s

5,513 Watts

20.42 J/TH/s

35.92 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M53S Hydro
$5,999.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (23)

260.00 TH/s

6,760 Watts

26.00 J/TH/s

23.07 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M33S++ Hydro
$5,599.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (25)

242.00 TH/s

7,260 Watts

30.00 J/TH/s

23.14 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M66 Hydro 238T
$7,999.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (27)

238.00 TH/s

5,572 Watts

23.41 J/TH/s

33.61 $/TH/s

Calculate Profitability

Bitmain
Antminer S21
$5,449.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (29)

200.00 TH/s

3,500 Watts

17.50 J/TH/s

27.25 $/TH/s

Calculate Profitability

Bitmain
Antminer T21
$4,369.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (31)

190.00 TH/s

3,610 Watts

19.00 J/TH/s

22.99 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M60S 186T
$6,299.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (33)

186.00 TH/s

3,441 Watts

18.50 J/TH/s

33.87 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M60 172T
$5,499.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (35)

172.00 TH/s

3,422 Watts

19.90 J/TH/s

31.97 $/TH/s

Calculate Profitability

Canaan
Avalon A1466I 170T
$3,699.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (37)

170.00 TH/s

3,315 Watts

19.50 J/TH/s

21.76 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M60S 170T
$5,699.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (39)

170.00 TH/s

3,441 Watts

20.24 J/TH/s

33.52 $/TH/s

Calculate Profitability

MicroBT
Whatsminer M60 156T
$4,799.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (41)

156.00 TH/s

3,422 Watts

21.94 J/TH/s

30.76 $/TH/s

Calculate Profitability

Bitmain
Antminer S19j XP 151T
$6,299.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (43)

151.00 TH/s

3,247 Watts

21.50 J/TH/s

41.72 $/TH/s

Calculate Profitability

Canaan
Avalon A1466 150T
$3,399.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (45)

150.00 TH/s

3,230 Watts

21.53 J/TH/s

22.66 $/TH/s

Calculate Profitability

Bitmain
Antminer S19 XP
$17,999.99 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (47)

140.00 TH/s

3,010 Watts

21.50 J/TH/s

128.57 $/TH/s

Calculate Profitability

Most accurate Bitcoin mining calculator trusted by millions of crypto miners since May 2013. Best Bitcoin mining profitability calculator with difficulty preloaded along with the newest ASIC Bitcoin miner specs (hashrate, watts, & kWh) for 2024.

Our BTC mining calculator makes it simple and easy to quickly see Bitcoin mining profitability based on hashrate, power consumption, and costs. Default inputs are preloaded with the latest Bitcoin difficulty target and Bitcoin mining hashrate for the best Bitcoin miner.

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Bitcoin Mining Reward Estimates

Bitcoin mining profitability calculator results

Bitcoin Profit Margin

+ 51.53%

Mining Rewards Stats

10,665.4
Days
to solve 1 block mining solo

3,412.9
Days
to mine 1 BTC

Bitcoin Mining Investment

1,488.2
Return On Investment (ROI) in Days

Estimated Mining Rewards

0.00001221 BTC
Bitcoin mined per hour

0.00029300 BTC
Bitcoin mined per day

Bitcoin Mining Profit


Mining Revenue
$17.86


Mining Fees
$0.00


Electricity Costs
$8.66

$9.20
Bitcoin mining profit per day

Bitcoin Mining Reward Forecasts

Time Frame BTC Reward Revenue USD* Power Cost (in USD) Pool Fees (in USD) Profit (in USD)
Hourly 0.00001221 $0.74 $0.36 $0.00 $0.38
Daily 0.00029300 $17.86 $8.66 $0.00 $9.20
Weekly 0.00205102 $125.04 $60.61 $0.00 $64.43
Monthly 0.0088 $535.89 $259.74 $0.00 $276.15
Annually 0.1069 $6,519.96 $3,160.17 $0.00 $3,359.79

* Bitcoin Price at $60,964.99 USD

Disclaimer: The estimated mining rewards are based on a statistical calculation using the values entered and do not account for difficulty and/or exchange rate fluctuations, stale/reject/orphan rates, and/or a pool's mining luck.

Bitcoin Mining Calculator Inputs

Bitcoin Mining Difficulty Bitcoin Block Reward Bitcoin Price
83,675,262,295,060.00 3.13 BTC $60,964.99 (BTC to USD)
Bitcoin Mining Hashrate Bitcoin Mining Hardware Watts Bitcoin Mining Hardware Cost Electricity Costs
390.00 TH/s 7,215 Watts $13,699.00 $0.05 per kWh

Bitcoin Blockchain Mining Summary

Bitcoin Blockchain Stats

849,410
Block Hieght

10.00 min
Block Time

Bitcoin Block Reward

3.1250 BTC
every 10.00 minute(s) on average

Bitcoin Hashrate

578.72 EH/s
Bitcoin Blockchain Global Hashrate


last 30 days

Bitcoin Hashrate Chart

Bitcoin Mining Difficulty

83.68 T
(83,675,262,295,060.00)


last 30 days

Bitcoin Difficulty Chart

Bitcoin Mining Rewards

$27,434,245.55
Total per day

450.00 BTC
Total per day

How to use the Bitcoin mining calculator?

Every aspect of our Bitcoin mining calculator has been developed for miners by miners.

The latest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate Bitcoin mining profits by adjusting the mining hashrate values or by selecting one of the Bitcoin mining hardware devices from the ASIC Bitcoin miners list.

The Bitcoin mining information is updated continually with the current block mining information. This information is used as the default inputs for the BTC mining calculator along with the default hashrate and wattage specs from the best ASIC Bitcoin miner.

With this information and our backend hashrate calculator, you can calculate your BTC mining profits - providing valuable and strategic profitability information allowing you as the miner to make better informed decisions about Bitcoin mining.

Along with the Bitcoin mining profitability, the list of top 5 ASIC Bitcoin miners is updated frequently. A Bitcoin miner is also referred to as a Bitcoin mining rig, or a Bitcoin mining hardware device, or a Bitcoin mining machine, but we simply call them miners, or more specifically, Bitcoin miners.

Each BTC mining calculator input has been preloaded with the best Bitcoin mining hardware hashrate and energy consumption in watts, average electricity costs as well as the current Bitcoin price, Bitcoin block reward, and Bitcoin difficulty.

Calculate your Bitcoin mining profitability and estimated mining rewards by starting with the Bitcoin mining hashrate calculator inputs above; mining hardware, mining costs, and mining reward.

How Bitcoin Mining Works

Bitcoin mining is the process of securing and validation Bitcoin transactions on the Bitcoin blockchain.

In order to secure and validation transactions - Bitcoin miners are constantly trying to solve the next Bitcoin block.

This process requires an enormous amount of computing power, which is represented by the Bitcoin hashrate.

The Bitcoin hashrate is number of possible solutions (hashes) being generated per second. As of January 2020, the Bitcoin hashrate peaked at 131 EH/s.

Bitcoin mining also generates new Bitcoin.

When a Bitcoin miner finds the correct hash to solve the next Bitcoin block, the miner is rewarded with Bitcoin.

Currently, 3.13 Bitcoin are created when a block is solved.

Bitcoin Mining Guide

To start mining Bitcoin, you'll need cheap electricity (a lot of it), an internet connection, and at least one Bitcoin mining hardware device - an ASIC Bitcoin miner.

In the very early days (2009-2011) you could mine Bitcoin with a CPU, then mining software was created to utilize the computing power of a GPU, then came FPGAs, and in 2013 the first ASIC Bitcoin mining devices became available.

Now, all Bitcoin mining is done using an ASIC Bitcoin miner as it is no longer profitable to mine with a CPU, GPU or FPGA.

That being said, most ASIC miners require 220 volts or higher and at least 20 AMPs. You can check the Bitcoin miner specs to see the power requirements.

At this point you should determine your available power capacity in wattage at the location where you'll be mining.

If you have a 200 AMPs electrical service with 220 volts, then the total power capacity is 200 AMPs * 220 volts = 44,000 watts.

But you never want to use more than 75% of that capacity, otherwise you'll trip the breakers.

So, 44,000 watts becomes 33,000 watts of usable power capacity.

Now that you know how much power capacity you have (more is better), you can determine how many miners you can run. In this case, it would be about 11 Bitmain Antminer S17+ at 2,920 watts per device.

Once you have the Bitcoin mining hardware in hand, the last step is to configure each miner.

Typically, the configuration consists of setting the Bitcoin mining pool, user name, and password.

Most Bitcoin mining device manufacturers provide a guide on how to configure the Bitcoin mining hardware.

Bitcoin Mining Pools

Given the Bitcoin hashrate, it is statically impossible to generate enough hashes to solve a Bitcoin block mining solo (by yourself).

To increase the chances of solving a Bitcoin block, you can join a pool of other miners all working together to solve a block.

Once a block is solved the Bitcoin mining reward is split between the pool participants.

And in turn the Bitcoin mining pool charges a small fee, typically 1% to 4%.

Here is a list of popular Bitcoin mining pools.

Is Bitcoin mining still profitable?

Yes, mining Bitcoin is still profitable - based on the mining hardware hashrate of 390.00 TH/s, electricity costs, and pool / maintenance fees provided.

While, mining Bitcoin is still profitable as of right now...

Mining profitability can change very quickly.

The blockchain is constantly growing and the Bitcoin difficulty increases and decreases over time based on the total computing power currently mining blocks and generating hashes.

That said, we recommend checking your mining profitability frequently.

The Bitcoin mining profitability results and mining rewards were calculated using the best BTC mining calculator with the following inputs.

A BTC mining difficulty of 83,675,262,295,060.00, a BTC mining hashrate of 390.00 TH/s consuming 7,215 watts of power at $0.05 per kWh, and a block reward of 3.13 BTC at $60,964.99 (BTC to USD).

How many Bitcoin can you mine a day?

Based the mining hardware inputs provided, 0.00029300 Bitcoin can be mined per day with a Bitcoin mining hashrate of 390.00 TH/s, a block reward of 3.125 BTC, and a Bitcoin difficulty of 83,675,262,295,060.00.

After deducting mining power costs and mining fees, the final daily Bitcoin mining profit is $9.20 Bitcoin to USD.

How long does it take to mine 1 Bitcoin?

As of Tuesday, June 25, 2024, it would take 3,412.9 days to mine 1 Bitcoin at the current Bitcoin difficulty level along with the mining hashrate and block reward; a Bitcoin mining hashrate of 390.00 TH/s consuming 7,215.00 watts of power at $0.05 per kWh, and a block reward of 3.125 BTC.

It is important to point out that the number of days calculated does not account for difficulty increases and decrease as well as block reward increases and decrease (halvening).

Bitcoin Mining Calculator - BTC Mining Calculator (2024)

FAQs

How to calculate if bitcoin mining is worth it? ›

Prospective miners should perform a cost-benefit analysis to understand their break-even price before making fixed-cost equipment purchases. Variables to consider include the purchase price, cost of power, efficiency, time, and bitcoin market value.

How to calculate BTC mining? ›

Disclosure: Mining metrics are calculated based on a network hash rate of 618,110,576,288 GH/s and using a BTC - USD exchange rate of 1 BTC = $ 60,298.49. Block reward is fixed at 3.125 BTC . The average block time used in the calculation is 229 seconds.

How much hashrate to mine 1 BTC in a day? ›

The time it takes to mine 1 Bitcoin depends on your computing power
Number of mining rigsHashrateTime to mine 1 Bitcoin
500100,000 TH/s12 days
1,000200,000 TH/s6 days
5,0001,000,000 TH/s1.2 days
6,0001,200,000 TH/s1 day
5 more rows
May 16, 2024

How long will it take to mine 1 Bitcoin? ›

On average, it takes around 10 minutes to mine 1 Bitcoin with ideal hardware. However, the time required to mine 1 BTC depends on your hardware and software, especially the mining power. But if you want to mine BTC with an average PC, you will make 0.000000297/year. Read further for a deeper understanding.

Is Bitcoin mining still profitable in 2024? ›

You might wonder, “Can you make money mining Bitcoin?” and the answer is yes, but it requires substantial investment in powerful hardware and cheap electricity. In 2024, Bitcoin miners are collectively generating approximately $26 million per day from both block rewards and transaction fees​.

Is BTC mining still profitable? ›

Is crypto mining still profitable? Yes. Crypto mining can be profitable - but there are factors miners need to consider including electricity costs, mining difficulty, and market conditions.

How much money do bitcoin miners make a day? ›

Bitcoin's hashprice — a metric miners use to measure the value of their compute power, hashrate — rose to $79/PH/day today, an 11% increase week-over-week from $71/PH/day. This means that miners with 1 petahash (PH) of mining equipment can now expect to earn $79 per day in revenue from these machines.

How to calculate mining cost? ›

How to estimate a Fixed Mining Cost
  1. Prior to the model import, create a column of mining costs by block — including whatever costs are applicable: blasting, haul, loading, etc.
  2. Calculate the Average Mining Cost of all of the blocks.

How to calculate Bitcoin mining electricity? ›

Electricity cost per Bitcoin = Time required to mine one Bitcoin * Energy consumption * Cost = ~7.7 years * 365 days * 24 hours * 3,032 W * $0.05 / 1,000 = ~$10,200. Cooling and other overheads per Bitcoin = 20% of electricity cost = ~$2,000.

How to get 1 Bitcoin for free? ›

How to earn free cryptocurrency: 11 easy ways
  1. Sign up with an exchange. ...
  2. Crypto staking. ...
  3. Free NFTs. ...
  4. Learn and earn. ...
  5. Crypto savings account. ...
  6. Crypto lending. ...
  7. Get cash from a brokerage. ...
  8. Participate in an airdrop.
Jun 28, 2024

Can I mine bitcoin for free? ›

Mining Bitcoin for free is a bit tricky. It typically requires specialized hardware and consumes a significant amount of electricity. While there are some apps and websites that claim to offer free Bitcoin mining, they often turn out to be scams or not very effective.

How can I calculate my hashrate? ›

How to Measure Hash Rate. Hash rate is measured by the number of hashes (or guesses) per second on a blockchain network. The larger the blockchain network, the higher the hash rate. Hash rate is typically measured in how many hashes per second are being generated.

What is the most efficient Bitcoin miner? ›

The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266, and MicroBit Whatsminer M50S. If you want to mine other cryptocurrencies, the Bitmain Antminer KS3, Bitmain Antminer D9, and Bitmain Antminer K7 are all solid choices.

Why does it always take 10 minutes to mine a Bitcoin? ›

In order to ensure bitcoin blocks are discovered roughly every 10 minutes, an automatic system is in place that adjusts the difficulty depending on how many miners are competing to discover blocks at any given time.

How many GPUs are needed to mine 1 Bitcoin? ›

There is no minimum or limit to the number of GPUs you can use when mining, and can even start with 1. However, if you are into a serious mining business, a rig of 6 GPUs is recommended.

Is Bitcoin mining worth it? ›

With the right setup, Bitcoin mining is profitable. However, there is no definitive way to know how much money you will make from Bitcoin mining. This is because there are many variables that can determine profitability. For a start, you'll need to purchase Bitcoin mining equipment – known as ASICs.

What are the odds of actually mining a Bitcoin? ›

Issues With Bitcoin Mining

Between one in 83.7 trillion odds, scaling difficulty levels, and the massive network of users verifying transactions, one block of transactions is verified roughly every 10 minutes.8 But it's important to remember that 10 minutes is a goal, not a rule.

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