Bitcoin Mining Profitability Calculator

Calculate whether Bitcoin mining is profitable with the current post-halving block reward of 3.125 BTC. Enter your hash rate, power consumption, and electricity cost to see daily, monthly, and annual revenue, costs, and net profit.

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How Bitcoin Mining Profitability Works

Bitcoin mining is the process of using specialized computer hardware (ASICs) to solve cryptographic puzzles and validate transactions on the Bitcoin network. Miners who successfully find a valid block are rewarded with newly minted Bitcoin — currently 3.125 BTC per block after the April 2024 halving. But mining is not free: it requires significant investment in hardware and ongoing electricity costs.

Mining profitability boils down to a simple equation: is the value of the Bitcoin you mine greater than your costs to mine it? The key variables are your hash rate (computing power), electricity cost, hardware efficiency, and the current Bitcoin price and network difficulty.

Mining Revenue Formula

Daily BTC = (Hash Rate × 86,400) ÷ (Difficulty × 2³²) × Block Reward

Where: Hash Rate is in TH/s, 86,400 is seconds per day, Difficulty is network difficulty, Block Reward is 3.125 BTC.

The Halving Schedule

Bitcoin's block reward halves every 210,000 blocks (approximately every 4 years). This predetermined schedule reduces the rate of new Bitcoin creation, making it increasingly scarce over time. The complete halving history:

Post-Halving Mining Economics

The April 2024 halving cut the block reward from 6.25 to 3.125 BTC, immediately halving miners' revenue per block. This makes hardware efficiency and electricity cost more critical than ever. Older-generation ASICs that were profitable at 6.25 BTC/block often become unprofitable after a halving unless the BTC price rises sufficiently to compensate.

Example

Antminer S21 at $0.08/kWh with BTC at $65,000

  • Hash rate: 200 TH/s, Power: 3,500W
  • Daily BTC mined: ~0.000463 BTC
  • Daily revenue: ~$30.12
  • Daily electricity: $6.72
  • Daily profit: ~$23.40
  • Monthly profit: ~$702
  • Hardware payback: ~8.5 months

Key Factors Affecting Mining Profitability

Network Difficulty: Adjusts every 2,016 blocks (~2 weeks) to maintain 10-minute block times. As global hash rate increases, difficulty rises, reducing each miner's share of rewards. In 2026, network difficulty has reached all-time highs as institutional mining operations scale up.

Electricity Cost: The single biggest ongoing expense. Profitable mining operations typically pay $0.03–$0.08/kWh. Miners in Texas, Paraguay, Ethiopia, and Nordic countries benefit from cheap energy. At $0.12/kWh or above, mining is rarely profitable unless BTC price surges dramatically.

Hardware Efficiency: Measured in joules per terahash (J/TH). Newer ASICs like the Antminer S21 achieve 17.5 J/TH, while older models may consume 30–40 J/TH. More efficient hardware means lower electricity costs per unit of hash rate.

Pool Fees: Mining pools charge 1–2% of earnings for providing consistent payouts. Solo mining avoids this fee but produces extremely irregular income — a single machine might wait years between finding blocks.

Frequently Asked Questions

Is Bitcoin mining profitable in 2026?

It depends on your electricity cost, hardware efficiency, and the current BTC price. After the April 2024 halving, the block reward dropped to 3.125 BTC, meaning miners earn half what they did before. At $0.10/kWh electricity and a BTC price above $60,000, newer-generation ASIC miners can still be profitable, but margins are thin.

What hash rate do I need to mine Bitcoin?

Modern Bitcoin mining requires ASIC hardware producing at least 100 TH/s (terahashes per second) to be competitive. Consumer GPUs and CPUs cannot profitably mine Bitcoin due to the extreme network difficulty. Popular miners like the Antminer S21 produce 200+ TH/s.

How does mining difficulty affect profitability?

Mining difficulty adjusts every 2,016 blocks (roughly 2 weeks) to maintain a 10-minute average block time. As more miners join the network and total hash rate increases, difficulty rises, reducing the share of BTC each miner earns. Higher difficulty means lower daily BTC income per TH/s.

When is the next Bitcoin halving?

The next Bitcoin halving is expected around March-April 2028, at block 1,050,000. The block reward will drop from 3.125 BTC to 1.5625 BTC. Halvings occur every 210,000 blocks, approximately every 4 years.

What about electricity costs for mining?

Electricity is typically the largest ongoing cost for Bitcoin miners. Most profitable operations pay between $0.03 and $0.08 per kWh. At $0.10/kWh or higher, profitability becomes very dependent on BTC price. Many miners relocate to regions with cheap hydroelectric, geothermal, or stranded natural gas power.

Should I mine solo or join a pool?

Almost all individual miners should join a mining pool. Solo mining means you only earn when you personally find a block, which is extremely unlikely with a single machine. Pools combine hash rate from thousands of miners and distribute rewards proportionally, providing steady and predictable income minus a small fee (typically 1-2%).