What is the Crypto Mining Profitability Calculator?
The Crypto Mining Calculator helps hardware miners analyze the financial viability of running their ASIC or GPU rigs. It factors in current coin prices, network difficulty, hardware hashrate, and critical electricity costs to determine true daily and monthly profits.
How to Calculate Mining Profitability (Formulas)
Revenue is purely determined by your share of the network hash power, while profit is determined by your local utility rates.
- Daily Gross Revenue Formula: (Your Hashrate / Total Network Hashrate) * Block Reward * Blocks per Day * Coin Price.
- Daily Electricity Cost Formula: (Hardware Power Draw in Watts / 1000) * 24 Hours * Electricity Rate ($/kWh).
- Net Profit: Gross Revenue - Electricity Cost.
Frequently Asked Questions
Is GPU mining still profitable?
Following Ethereum's transition to Proof-of-Stake (The Merge), GPU mining profitability crashed globally. Today, GPU mining is generally only profitable for users with free electricity (like solar) or those speculatively mining niche altcoins. Major coins like Bitcoin are exclusively mined with specialized ASIC hardware.
Why did my mining revenue drop suddenly?
This is caused by network difficulty adjustments. As more miners join a network and the total global hashrate increases, the network algorithm automatically increases the "difficulty" to keep block times stable. Therefore, your fixed hardware earns a smaller slice of the daily rewards.
How does electricity cost ruin profitability?
Mining rigs draw massive amounts of power 24/7. If you earn $5 a day in Bitcoin, but your rig draws 1500W in a state where electricity costs $0.20/kWh, your power bill is $7.20 a day. You are actively losing $2.20 every day you run the machine.