ChainTools

Mining Profitability Calculator

Revenue minus electricity — the first, most important cut at whether mining is actually profitable.

Daily mining revenue ($)

Rig power draw (W)

Electricity rate ($/kWh)

Daily profit ($)

-0.64

This doesn't include hardware depreciation, pool fees, or cooling costs — treat it as a floor estimate, not full accounting.

Daily electricity cost ($): 8.64

What you entered

Daily mining revenue ($): 8Rig power draw (W): 3000Electricity rate ($/kWh): 0.12

1
Daily energy use
(3000 W × 24) ÷ 1000= 72 kWh
2
Daily electricity cost
72 kWh × $0.12= $8.64
3
Daily profit = revenue − electricity cost
$8 − $8.64= $-0.64

Result

Daily profit ($): -0.64

At $8/day revenue and $8.64 in electricity, daily profit is $-0.6400000000000006.

Daily mining profit after electricity

Profit is daily mining revenue minus the electricity the rig consumes. Electricity cost is watts divided by 1,000, times 24 hours, times your rate per kWh.

Daily revenue	Rig draw	Electricity rate	Daily electricity	Daily profit
$10	3,000 W	$0.06/kWh	$4.32	$5.68
$10	3,000 W	$0.12/kWh	$8.64	$1.36
$10	3,000 W	$0.20/kWh	$14.40	-$4.40
$5	1,500 W	$0.12/kWh	$4.32	$0.68
$25	6,000 W	$0.10/kWh	$14.40	$10.60

The first three rows are the same rig at three electricity prices, running from profitable to loss-making. Electricity rate, not hardware, is what decides mining economics. Hardware depreciation and pool fees are not included here.

This is a floor, not full accounting

Real mining profitability also needs to account for hardware cost and depreciation, pool fees, cooling costs, and network difficulty changes over time — this calculator isolates just the electricity-vs-revenue trade-off, the most immediately actionable number.

Electricity rate is often the deciding factor

Mining profitability is extremely sensitive to your electricity rate — the same rig can be solidly profitable at industrial power rates and solidly unprofitable at typical residential rates, which is why large mining operations chase cheap power above almost everything else.

Frequently asked questions

My rig earns $8/day but draws 1,500W — am I actually profitable?

At $0.12/kWh, that rig costs about $4.32/day in electricity (1.5 kW x 24 hrs x $0.12). So your net profit is roughly $3.68/day. At $0.20/kWh, electricity costs $7.20/day, making it barely profitable.

Does this include hardware costs?

No — this isolates revenue minus electricity, the most immediately actionable number. Real profitability also requires amortizing hardware cost, pool fees (typically 1-2%), and cooling expenses over the rig's productive lifetime.

Why does mining profitability change so often?

Three variables shift constantly: the cryptocurrency's price, the network's mining difficulty (adjusts roughly every 2 weeks for Bitcoin), and your electricity cost. A price drop or difficulty increase can make a previously profitable setup unprofitable overnight.

How does this compare to the staking rewards calculator?

Mining calculates profit from computational work (hardware + electricity). Staking calculates returns from locking up tokens (no hardware needed). They're fundamentally different mechanisms — mining trades electricity for coins, staking trades liquidity for yield.