Cost to Mine 1 Bitcoin Calculator [User Guide]

[Goldlife]

Although there are dozens of variables that can impact a Bitcoin mining operation’s bottom line, the viability of a mining business can ultimately be determined with just one simple statistic: the cost to mine 1 BTC — aka the “Cost of Production for Bitcoin.”

The Braiins Cost to Mine 1 BTC calculator is meant to make it quick and easy for you to determine your cost of production for any ASIC hardware model or even for a mix of different hardware devices. By comparing your cost of production with the actual Bitcoin price, you can see your profit margin and better understand which hardware models will best suit your mining operation.

How to Calculate Your Cost of Production

Let’s start by quickly explaining each of the inputs and how they work.

Bitcoin Price and Network Difficulty are both pulled from an API in real-time, so you don’t need to do anything if you want to use current values.

Select Hardware allows you to autofill the hashrate and consumption by choosing a specific ASIC device from our database. The models are sorted by hardware manufacturer (Bitmain, MicroBT, Innosilicon, and Canaan) and then further subcategorized by model family (e.g. Antminer S9, S17, and S19 variations are all grouped together).




Bitcoin Mining Insights

Cost to Mine 1 Bitcoin Calculator [User Guide]

A quick guide explaining how to use the Advanced Options in our new Cost to Mine 1 BTC calculator and where to find data on all the popular hardware models.

Published on Nov 03, 2020

Table of Contents

How to Calculate Your Cost of Production

Cost to Mine 1 BTC Example

Sharing and Embedding

Although there are dozens of variables that can impact a Bitcoin mining operation’s bottom line, the viability of a mining business can ultimately be determined with just one simple statistic: the cost to mine 1 BTC — aka the “Cost of Production for Bitcoin.”

The Braiins Cost to Mine 1 BTC calculator is meant to make it quick and easy for you to determine your cost of production for any ASIC hardware model or even for a mix of different hardware devices. By comparing your cost of production with the actual Bitcoin price, you can see your profit margin and better understand which hardware models will best suit your mining operation.

How to Calculate Your Cost of Production

Let’s start by quickly explaining each of the inputs and how they work.

Bitcoin Price and Network Difficulty are both pulled from an API in real-time, so you don’t need to do anything if you want to use current values.

Select Hardware allows you to autofill the hashrate and consumption by choosing a specific ASIC device from our database. The models are sorted by hardware manufacturer (Bitmain, MicroBT, Innosilicon, and Canaan) and then further subcategorized by model family (e.g. Antminer S9, S17, and S19 variations are all grouped together).



Alternatively, you can select the Custom option to input your own hashrate and power consumption values rather than using preloaded values from the ASIC database, which is best if you use a performance boosting firmware like Braiins OS+ to improve your device’s efficiency. 

Electricity Price is your all-in cost per kWh of electricity, which is used to calculate your cost of production for mining 1 Bitcoin given your mining efficiency (W/TH). 

Pool Fee is the percentage of your BTC mined that is kept by your mining pool.

If you toggle on the Advanced Options, you’ll also see these inputs:


More info: https://braiins.com/blog/cost-to-mine-bitcoin-user-guide