In 2018 the cost to mine one bitcoin in the us was 4 758 meanwhile in venezuela it was just 531 per coin. To put it bluntly the more hashrate you have the more you re going to earn from bitcoin mining.
A bitcoin mining calculator predicts the future.
Bitcoin cost of mining chart. These figures vary based on the total network hash rate and on the btc to usd conversion rate. According to research conducted by elite fixtures the cost of mining a bitcoin varies significantly around the world from as little as 531 to a stunning 26 170. How does hashrate relate to mining revenue.
If you wanted to cross the pond you would find it was more expensive at 8 402 per coin in the uk and over 13 000 per coin in belgium. At the lower end of the spectrum were countries like trinidad. The cost of your mining hardware or the electricity it takes to run it and cool it down if necessary.
To conclude a bitcoin mining calculator can give. You can see that improving the efficiency of the s9 by running braiins os firmware brings the cost to mine 1 btc down from 9293 to 7787 and the break even electricity price from 0 043 to 0 052 per kwh. Updated in 2021 the newest version of the bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your bitcoin mining hardware.
Accurate bitcoin mining calculator trusted by millions of cryptocurrency miners since may 2013 developed by an og bitcoin miner looking to maximize on mining profits and calculate roi for new asic miners. How to set up a bitcoin miner disclosure. The s9 on stock firmware has a 2 pool fee while the s9 on braiins os has a 2 devfee but 0 pool fees on slush pool.
Mining metrics are calculated based on a network hash rate of 164 707 891 854 gh s and using a btc usd exchange rate of 1 btc 32 775 53. You have to take into account additional mining expenses or missing expenses that weren t entered into the calculator. Block reward is fixed at 6 25 btc.
The results showed that depending upon where the mining happened the total cost of mining for one bitcoin might vary dramatically. Thus the cost of mining a single bitcoin depends largely on where you live. Transaction fee historical chart average transaction fee usd 0 0005 btc 17 21 usd 0 0000012 btc byte.
The chart below shows bitcoin hashrate as a three day moving average vs the price of bitcoin itself without the wild oscillations.