Mining Profitability Calculator
Estimate your daily, monthly, and yearly mining profit based on hashrate, electricity, network conditions, and coin price.
What This Mining Calculator Tells You
A mining calculator helps you answer one core question: “If I run this machine, will I make money?” To do that, it estimates your expected coin output, converts that output into USD, subtracts electricity, and then gives you projected profit over different timeframes.
This page focuses on proof-of-work style mining economics, where your share of total network hashrate determines your expected share of total block rewards.
How the Calculation Works
1) Revenue Estimation
Your expected coin production per day is estimated using:
- Your hashrate compared to network hashrate
- Total blocks found per day
- Block reward per block
- Pool fees (which reduce your net payout)
In simple terms: if you contribute 0.01% of total network power, you should expect roughly 0.01% of the block rewards over time.
2) Energy Cost Estimation
Power consumption is one of the largest and most predictable costs. The calculator converts your wattage to kilowatt-hours and multiplies by your electricity rate:
- kWh/day = (Watts ÷ 1000) × 24
- Electric cost/day = kWh/day × price per kWh
3) Profit and Payback
Daily profit is simply: Daily Revenue − Daily Electricity Cost. If you provide a hardware cost, the calculator also estimates a rough payback period in days and months.
Input Guide: What Each Field Means
- Your Hashrate (TH/s): The speed of your miner.
- Network Hashrate (EH/s): Total power of all miners on the network.
- Block Reward: Coins awarded per mined block (not including fees unless you manually account for them).
- Blocks Per Day: Depends on chain timing (e.g., Bitcoin averages around 144/day).
- Coin Price: Current market price in USD.
- Power Consumption: Miner draw in watts from the wall.
- Electricity Cost: Your effective utility rate including delivery/taxes if possible.
- Pool Fee: Percentage retained by the mining pool.
- Hardware Cost: Useful for ROI/payback tracking.
Example Scenario
Suppose your setup is 120 TH/s at 3,200W, with power cost at $0.10/kWh. If coin price is strong and network difficulty is stable, you may produce positive daily cash flow. But if network hashrate rises or coin price drops, profitability can compress quickly.
That is why mining should be modeled with multiple scenarios:
- Base case (today's market)
- Bear case (lower coin price, higher network hashrate)
- Bull case (higher coin price, stable difficulty)
Ways to Improve Mining Profitability
Lower Cost per kWh
Electricity rate is often the biggest lever. Even a small reduction can have a major impact on yearly net profit.
Increase Efficiency (J/TH)
More efficient hardware or tuned firmware can produce similar hashrate using less power.
Smart Pool Strategy
Compare pool fees, payout methods (PPS, FPPS, PPLNS), and reliability. Slightly lower fees can meaningfully improve long-term output.
Thermal and Uptime Management
Better airflow, regular dust cleaning, and stable power quality reduce downtime and preserve hashrate consistency.
Common Mistakes to Avoid
- Ignoring network hashrate growth over time
- Using only spot power rates and forgetting fixed utility charges
- Assuming constant coin price
- Forgetting maintenance and replacement costs
- Buying hardware without running downside scenarios
Final Thoughts
A mining calculator is best used as a decision tool, not a guarantee. Markets, network difficulty, and regulation can change quickly. Use this page to model realistic assumptions, compare setups, and make more disciplined hardware and operations decisions.