Calculate your all-in cost to mine one coin. Factor in electricity, pool fees, hosting, and hardware depreciation to find your true cost per BTC or altcoin.
How much does it actually cost you to mine one coin? This calculator answers that question by combining all your costs — electricity, pool fees, hosting, maintenance, and hardware depreciation — divided by the number of coins you mine per period.
Your cost per coin is a critical metric. If it's below the market price, mining is profitable. If it's above, you're better off buying coins directly. This number also helps you make decisions about holding versus selling mined coins.
Enter your daily mining output, electricity cost, pool fee, and any additional expenses. The calculator gives you a comprehensive cost-per-coin figure that accounts for every expense in your operation.
Crypto traders, long-term holders, and DeFi participants benefit from transparent mining cost per coin calculations when planning entries, exits, or portfolio rebalances. Revisit this calculator whenever market conditions shift to keep your strategy grounded in accurate data.
From swing traders timing short-term moves to HODLers tracking long-term gains, accurate mining cost per coin data is essential for disciplined portfolio management. Adjust the inputs above to mirror your actual holdings and market assumptions, then re-run the numbers whenever the landscape shifts.
From swing traders timing short-term moves to HODLers tracking long-term gains, accurate mining cost per coin data is essential for disciplined portfolio management. Adjust the inputs above to mirror your actual holdings and market assumptions, then re-run the numbers whenever the landscape shifts.
Knowing your exact production cost per coin is essential for making intelligent sell/hold decisions and evaluating your mining operation's competitiveness. If your cost is well below market price, you have a healthy margin. If it's close to or above market price, it's time to optimize or reconsider. Real-time recalculation lets you model different market scenarios quickly, so you can act with confidence rather than relying on rough mental estimates.
Daily Hardware Depreciation = Hardware Cost / (Lifespan in Days) Total Daily Cost = Electricity + Pool Fee + Hosting + Depreciation Cost Per Coin = Total Daily Cost / Daily Coins Mined Profit Per Coin = Market Price − Cost Per Coin
Result: Cost per coin: $12,320
Mining 0.00088 BTC/day with $6.24 electricity, $0.09 pool fee impact, $1 other costs, and $4.63/day depreciation ($5,000 over 36 months) gives a total daily cost of $11.96. Divided by 0.00088 coins = $13,591 per BTC. If BTC is $45,000, your margin is 70%.
Many analysts use the aggregate network mining cost per coin as a price floor indicator. Historically, Bitcoin's price has rarely stayed below the average production cost for extended periods, as unprofitable miners shut down, reducing difficulty until mining becomes profitable again.
The three levers you can pull are: electricity cost (location, rate negotiation, renewable energy), hardware efficiency (newer hardware produces more coins per watt), and operational efficiency (minimize downtime, maintenance, and overhead costs).
If your production cost exceeds the market price, it's cheaper to buy coins directly. However, mining provides coins without KYC, offers infrastructure you own, and can use stranded/curtailed energy that has no other market.
Include everything: electricity (the biggest item), pool fees, internet, hosting or rack fees, maintenance (replacement fans, thermal paste), insurance, hardware depreciation, and any labor costs. Omitting costs gives a misleadingly low per-coin figure.
Large industrial miners typically achieve costs of $5,000-$15,000 per BTC thanks to wholesale electricity ($0.03-0.05/kWh) and bulk hardware discounts. Home miners usually face costs of $15,000-$30,000+ per BTC depending on electricity rates.
Selling at production cost means zero profit. Most miners sell some coins to cover operating expenses and hold the rest if they believe prices will rise. The decision depends on your cost basis, market outlook, and cash flow needs.
If a $5,000 miner lasts 3 years, that's $4.57/day in depreciation. For a miner producing 0.001 BTC/day, depreciation adds $4,570 to your cost per BTC. Faster hardware obsolescence increases your cost per coin significantly.
This calculator uses current daily production. As difficulty increases, your daily coin output decreases, raising your cost per coin. Recalculate regularly with updated production figures for an accurate picture.
Your break-even coin price equals your cost per coin. If your all-in cost is $18,000 per BTC, the coin price must stay above $18,000 for mining to be profitable. Below that, you'd be cheaper off buying coins on an exchange.