The formula behind the calculator
Mining profitability is a two-line sum. Everything else is detail.
- Daily revenue = your hashrate (TH/s) × hashprice (dollars per TH/s per day). Hashprice is published daily by mining data providers and your pool shows the same thing as your earnings rate.
- Daily cost = power draw (kW) × 24 hours × your electricity rate ($/kWh).
- Daily profit = revenue − cost.
Revenue depends on the whole network, not on you. Cost is the one side of the equation you control, and it is the reason hosted miners in Quebec survive market conditions that shut down machines running on household power.
Our default hashprice of $40.45 per PH/s per day is the value implied by the client-published daily profit figures at $0.075 USD per kWh (miner quantity and availability based). It is a starting point, not a forecast: hashprice moves every day with the Bitcoin price, network difficulty and transaction fees.
How to read the break-even electricity price
The break-even rate is the power price at which a machine earns exactly what it costs to run. It is the most honest way to compare two hosting quotes, because it converts a messy spec sheet into one number you can hold a quote against.
A worked example. An Antminer S23 draws 3,355 W, so it uses 80.5 kWh a day. At $0.075 USD per kWh (miner quantity and availability based) that power costs $6.04 and the machine earns an estimated $6.30 profit, which means it generated about $12.34 of revenue. Divide that revenue by 80.5 kWh and you get a break-even price of roughly $0.153 per kWh.
The further your hosting rate sits below that line, the more weather the machine can take: a fall in Bitcoin price, a difficulty increase, or a few days of downtime. Our rate band is $0.072–$0.089 USDT/kWh, which leaves real headroom on efficient hardware and very little on the oldest machines.
Break-even electricity price by model, at our published estimates
| Antminer S23 | 305 TH/s · 3,355 W · 11.0 J/TH — est. $6.30/day, break-even about $0.153/kWh |
|---|---|
| Antminer S21 XP | 270 TH/s · 3,645 W · 13.5 J/TH — est. $4.36/day, break-even about $0.125/kWh |
| Antminer S21 Pro | 234 TH/s · 3,510 W · 15.0 J/TH — est. $3.15/day, break-even about $0.112/kWh |
| Antminer S21+ (235 TH/s) | 235 TH/s · 3,525 W · 15.0 J/TH — est. $3.16/day, break-even about $0.112/kWh |
| Antminer S21+ (225 TH/s) | 225 TH/s · 3,375 W · 15.0 J/TH — est. $3.02/day, break-even about $0.112/kWh |
| Antminer S21+ (216 TH/s) | 216 TH/s · 3,564 W · 16.5 J/TH — est. $2.32/day, break-even about $0.102/kWh |
| Antminer S21 | 200 TH/s · 3,500 W · 17.5 J/TH — est. $1.79/day, break-even about $0.096/kWh |
| WhatsMiner M60S | 186 TH/s · 3,441 W · 18.5 J/TH — est. $1.34/day, break-even about $0.091/kWh |
| Antminer T21 | 190 TH/s · 3,610 W · 19.0 J/TH — est. $1.19/day, break-even about $0.089/kWh |
The table makes the efficiency argument plainly. The Antminer S23 can survive power prices that would have shut an Antminer T21 down months earlier. That gap is what you are buying when you pay more for efficient hardware.
What the calculator does not include
An honest calculator tells you what it leaves out. This one does not model:
- Pool fees. Most pools take 0–2% of revenue. Subtract that from the revenue line.
- Downtime. No facility runs at 100%. Maintenance, repairs and grid events all cost hours.
- Hardware cost and depreciation. The figures here are operating profit only. Your payback period depends on what you paid for the machine.
- Bitcoin price risk. You are paid in Bitcoin and billed in dollars. If you hold your mined coins, your real return depends on the price when you eventually sell.
- Taxes. Mining income is taxable in most countries, and the treatment differs between a hobby and a business. Speak to an accountant in your own jurisdiction.
None of this is financial advice. It is an operating model built from our own published hosting figures, and it is meant to help you compare machines and rates.
From calculation to a real quote
The calculator uses our rate band, but your actual rate depends on how many miners you host and what space is available when you book. That is why we quote per order rather than publishing one number — see what drives the cost per kWh for the full explanation.
Two ways to start: ship machines you already own under bring your own miner + hosting, or buy the hardware and the hosting together as an equipment + hosting package delivered straight to our racks. Either way the minimum order is 5 miners and a no-deposit option is available.
If you are still deciding whether to mine at all, read is Bitcoin mining profitable first. If you are choosing between providers, how to choose a Bitcoin miner hosting provider lists the questions worth asking.
