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
$20.69


Mining Fees
$0.00


Electricity Costs
$8.66

0.00001229 BTC
Bitcoin mined per hour

0.00029486 BTC
Bitcoin mined per day

$12.03
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 M63 Hydro 334T
$10,799.00 MSRP

Bitcoin Mining Calculator - BTC Mining Calculator (15)

334.00 TH/s

7,283 Watts

21.81 J/TH/s

32.33 $/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

+ 58.14%

Mining Rewards Stats

10,598.3
Days
to solve 1 block mining solo

3,391.4
Days
to mine 1 BTC

Bitcoin Mining Investment

1,139.0
Return On Investment (ROI) in Days

Estimated Mining Rewards

0.00001229 BTC
Bitcoin mined per hour

0.00029486 BTC
Bitcoin mined per day

Bitcoin Mining Profit


Mining Revenue
$20.69


Mining Fees
$0.00


Electricity Costs
$8.66

$12.03
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 0.00001229 $0.86 $0.36 $0.00 $0.50
Daily 0.00029486 $20.69 $8.66 $0.00 $12.03
Weekly 0.00206402 $144.80 $60.61 $0.00 $84.19
Monthly 0.0088 $620.56 $259.74 $0.00 $360.82
Annually 0.1076 $7,550.16 $3,160.17 $0.00 $4,389.99

* Bitcoin Price at $70,153.35 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
83,148,355,189,240.00 3.13 BTC $70,153.35 (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

844,580
Block Hieght

10.00 min
Block Time

Bitcoin Block Reward

3.1250 BTC
every 10.00 minute(s) on average

Bitcoin Hashrate

620.00 EH/s
Bitcoin Blockchain Global Hashrate


last 30 days

Bitcoin Hashrate Chart

Bitcoin Mining Difficulty

83.15 T
(83,148,355,189,240.00)


last 30 days

Bitcoin Difficulty Chart

Bitcoin Mining Rewards

$31,569,007.14
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 83,148,355,189,240.00, 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 $70,153.35 (BTC to USD).

How many Bitcoin can you mine a day?

Based the mining hardware inputs provided, 0.00029486 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 83,148,355,189,240.00.

After deducting mining power costs and mining fees, the final daily Bitcoin mining profit is $12.03 Bitcoin to USD.

How long does it take to mine 1 Bitcoin?

As of Wednesday, May 22, 2024, it would take 3,391.4 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

Is Bitcoin mining just guessing? ›

Target Hash and Nonce

Miners are guessing a number that is lower than the target hash. The target hash is a hexadecimal number set to require an average number of attempts. Miners make these guesses by adding nonces to the information being hashed.

How to use a Bitcoin mining calculator? ›

Bitcoin Mining Calculator Summary
  1. Enter the hash rate of your Bitcoin mining hardware (mandatory).
  2. Enter additional optional information, such as pool fees, electricity costs, etc. ...
  3. Results will be displayed automatically in USD (to see the detailed calculation, click “Show Details”).

How much Bitcoin can you mine in a day calculator? ›

Many people wonder how many Bitcoins can be mined by a person in a day. There are currently 6.25 bitcoins produced in each block, and a block is produced every 10 minutes. This means that there are 6.25 (Bitcoins per block) x 6 (blocks per hour) x 24 (hours per day) = 900 bitcoins produced each day.

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

So, in order to mine 1 BTC in 1 day on average, you would need to contribute roughly 1/136.5, or 0.7% of Foundry USA's hashrate. This translates to 1.2 EH/s, or 1.2 million TH/s (terahashes per second). One Antminer S21 ASIC miner, which costs $5,400, has a hashrate of 200TH/s.

What are the odds of actually mining a Bitcoin? ›

Solo mining can actually work – but it's rare

Successful miners recoup 98% of all rewards, with 2% going to the administrator for hardware upkeep, code iterations and the like. The chances of actually winning a Bitcoin block reward from a single rig is about one in 1.1 billion, according to one estimate.

What equations do bitcoin miners solve? ›

Quick Answer: The mathematical problems in Bitcoin mining are actually cryptographic hash functions which are needed for transaction verification so that new blocks can be added to the Bitcoin blockchain.

How do I cash out my Bitcoin mining? ›

How to cash out your crypto or Bitcoin
  1. Use an exchange to sell crypto.
  2. Use your broker to sell crypto.
  3. Go with a peer-to-peer trade.
  4. Cash out at a Bitcoin ATM.
  5. Trade one crypto for another and then cash out.
Feb 9, 2024

How to calculate Bitcoin mining cost? ›

Bitcoin Mining Economics
  1. 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.
  2. Cooling and other overheads per Bitcoin = 20% of electricity cost = ~$2,000.

How much does it cost to run 1 Bitcoin miner? ›

Mining Bitcoin costs money, and it's getting pricier for miners considering the most recent reward halving. CoinShares tells us it's about $53,000 to mine one Bitcoin these days, and that's an average that large mining companies spend on one BTC.

How much can you make a month mining Bitcoin? ›

Crypto Mining Salary
Annual SalaryMonthly Pay
Top Earners$68,500$5,708
75th Percentile$62,000$5,166
Average$55,819$4,651
25th Percentile$48,500$4,041

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

The Bitcoin network has a mechanism for ensuring that no matter how much hash rate is produced by all miners, one new block is only created on average every ten minutes.

How much Bitcoin is mined every 10 minutes? ›

Bitcoin adds a new block to the ledger about once every 10 minutes. This means that, on average, about 144 transaction blocks are added to the blockchain every day. Because miners are rewarded 6.25 BTC per block, about 900 BTC coins are minted each day.

How to get 1 BTC in a day? ›

Mining Bitcoin, for example, requires a significant investment in equipment and electricity, and there is no guarantee of success. Similarly, trading Bitcoin can be risky, as the value of the cryptocurrency can fluctuate rapidly. Therefore, it is not possible to obtain 1 BTC per day without cost or risk.

Is Bitcoin mining hard? ›

Mining isn't as simple as just finding new transactions and submitting them, though. If it was, everyone would be able to do it. In order to prevent fraud, Bitcoin mining requires a costly process of solving difficult computing puzzles.

How much is hash rate in dollars? ›

HASH Token's price today is US$0.0003362, with a 24-hour trading volume of $N/A.

Is Bitcoin mining a waste of resources? ›

Subsequently, global BTC mining emitted more than 85.89 Mt of CO2eq from 2020 to 2021, equivalent to carbon emissions from 84 billion pounds of coal burned, 190 natural gas-fired power plants, or over 25 million tons of landfilled waste.

What happens to Bitcoin if no one mines? ›

After all 21 million bitcoin are mined, which is estimated to occur around the year 2140, the network will no longer produce new bitcoin. The block subsidy will go to zero but miners will continue to receive transaction fees, which will make up an ever greater portion of the block reward.

Can Bitcoin exist without miners? ›

Miners run important nodes in the Bitcoin network. Their nodes are the first ones to broadcast new blocks to the network to get them verified and added to each copy of the blockchain. Without miners in the network, no transactions would get added to the blockchain.

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