Key factors in mining profitability

Key factors

  • Hashrate: your miner's computing power, measured in TH/s (terahashes per second).
  • Electricity cost: the main ongoing expense. Varies significantly by country.
  • Network difficulty: adjusts automatically. More miners = higher difficulty = less revenue per miner.
  • BTC price: déterminés the fiat value of your rewards.

Example calculation

Miner: 100 TH/s, 3,000 W consumption, electricity at 0.10 €/kWh. Daily electricity cost: 3 kW × 24h × 0.10 € = 7.20 €/day. Estimated daily revenue (based on network difficulty): about 0.00025 BTC/day. If BTC = 50,000 €, revenue = 12.50 €/day. Net daily profit = 12.50 - 7.20 = 5.30 €.

Note: network difficulty increases over time. Halvings reduce the block reward by half (last halving: April 2024, reward dropped to 3.125 BTC).