Bitcoin Mining Calculator
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 2023.
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.
Bitcoin Mining Reward Estimates
Bitcoin mining profitability calculator results
Bitcoin Profit Margin
Mining Rewards Stats
Bitcoin Mining Investment
Return On Investment (ROI) in Days
Estimated Mining Rewards
Bitcoin mined per day
Bitcoin Mining Profit
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)|
* Bitcoin Price at $23,182.11 USD
Bitcoin Mining Calculator Inputs
|Bitcoin Mining Difficulty||Bitcoin Block Reward||Bitcoin Price|
|28,174,668,481,289.00||6.25 BTC||$39,481.92 (BTC to USD)|
|Bitcoin Mining Hashrate||Bitcoin Mining Hardware Watts||Bitcoin Mining Hardware Cost||Electricity Costs|
|88.00 TH/s||3,340 Watts||$17,999.99||$0.06 per kWh|
Bitcoin Blockchain Mining Summary
Bitcoin Blockchain Stats
Bitcoin Block Reward
every 10.00 minute(s) on average
Bitcoin Blockchain Global Hashrate
last 30 days
Bitcoin Mining Difficulty
last 30 days
Bitcoin Mining Rewards
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, 6.25 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 88.00 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 28,174,668,481,289.00, a BTC mining hashrate of 88.00 TH/s consuming 3,340 watts of power at $0.06 per kWh, and a block reward of 6.25 BTC at $39,481.92 (BTC to USD).
How many Bitcoin can you mine a day?
Based the mining hardware inputs provided, 0.00039270 Bitcoin can be mined per day with a Bitcoin mining hashrate of 88.00 TH/s, a block reward of 6.25000000 BTC, and a Bitcoin difficulty of 28,174,668,481,289.00.
After deducting mining power costs and mining fees, the final daily Bitcoin mining profit is $4.51 Bitcoin to USD.
How long does it take to mine 1 Bitcoin?
As of Sunday, December 03, 2023, it would take 2,546.5 days to mine 1 Bitcoin at the current Bitcoin difficulty level along with the mining hashrate and block reward; a Bitcoin mining hashrate of 88.00 TH/s consuming 3,340.00 watts of power at $0.06 per kWh, and a block reward of 6.25000000 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).