Bitcoin mining profitability depends on hashrate, energy cost, BTC price and network difficulty.
What this calculator does
At $0.05/kWh electricity, most modern ASICs are profitable above $30K BTC price.
When to use this calculator
Use this calculator before executing any trade — not just after. Knowing the exact net proceeds after fees and estimated taxes gives you the true profit figure, not the gross amount that the exchange displays.
Common mistakes
The most expensive error is computing profit without accounting for trading fees. Fees on both entry and exit trades reduce net profit — and at scale, they represent a significant portion of gross gains. Always input accurate fee rates.
Real-world scenarios
A DCA investor wants to know the blended cost basis and overall P&L across 12 monthly purchases at varying prices. The calculator aggregates the position to show the average entry price, total investment, and current gain or loss as a percentage.
Frequently asked questions
Is Bitcoin mining profitable in 2024?
Depends on energy cost. At $0.05/kWh with an S21 Pro, yes. At $0.15/kWh, likely unprofitable.