Enter your Bitcoin mining hashrate, electricity consumption in watts, and costs.
Most correct Bitcoin mining calculator trusted by tens of millions of crypto miners on the grounds that May 2013. Best Bitcoin mining profitability calculator with problem preloaded in conjunction with the choices newest ASIC Bitcoin miner specifications (hashrate, watts, & kWh) for 2021.
Our Bitcoin mining calculator makes it simple and smooth to quick see Bitcoin mining profitability based totally on hashrate, strength intake, and charges. Default inputs are preloaded with the choices trendy Bitcoin problem target and Bitcoin mining hashrate for the choices high-quality Bitcoin miner.
Calculate Bitcoin mining income the use of any such Bitcoin miners. Select or click a miner to have the choices inputs preloaded routinely. Then really click the choices “Calculate Mining Profit” above.
Bitcoin Mining Reward Estimates
* Bitcoin Price at $34,632.58 USD
Bitcoin Mining Calculator Inputs
Every aspect of our Bitcoin mining calculator has been evolved for miners via miners.
The latest model of the choices Bitcoin mining calculator makes it easy and smooth to speedy calculate Bitcoin mining profits by way of adjusting the choices mining hashrate values or by means of deciding on one of the Bitcoin mining hardware devices from the ASIC Bitcoin miners list.
The Bitcoin mining information is up to date constantly with the choices modern block mining statistics. This records is used as the default inputs for the BTC mining calculator together with the choices default hashrate and wattage specifications from the excellent ASIC Bitcoin miner.
With this facts and our backend hashrate calculator, you may calculate your BTC mining earnings – presenting valuable and strategic profitability facts permitting you as the miner to make better knowledgeable decisions about Bitcoin mining.
Along with the Bitcoin mining profitability, the choices listing of pinnacle 5 ASIC Bitcoin miners is updated often. A Bitcoin miner is also known as a Bitcoin mining rig, or a Bitcoin mining hardware tool, or a Bitcoin mining gadget, however we sincerely call them miners, or greater especially, Bitcoin miners.
Each BTC mining calculator enter has been preloaded with the best Bitcoin mining hardware hashrate and electricity intake in watts, common power prices as well as the choices modern Bitcoin charge, Bitcoin block praise, and Bitcoin problem.
Calculate your Bitcoin mining profitability and anticipated mining rewards by beginning with the Bitcoin mining hashrate calculator inputs above; mining hardware, mining fees, and mining reward.
How Bitcoin Mining Works
Bitcoin mining is the system of securing and validation Bitcoin transactions on the choices Bitcoin blockchain.
In order to stable and validation transactions – Bitcoin miners are continuously seeking to remedy the next Bitcoin block.
This system requires an vast quantity of computing strength, that is represented by means of the Bitcoin hashrate.
The Bitcoin hashrate is variety of feasible answers (hashes) being generated according to second. As of January 2020, the Bitcoin hashrate peaked at 131 EH/s.
Bitcoin mining also generates new Bitcoin.
When a Bitcoin miner reveals the best hash to remedy the subsequent Bitcoin block, the choices miner is rewarded with Bitcoin.
Currently, 6.25 Bitcoin are created when a block is solved.
Bitcoin Mining Guide
To begin mining Bitcoin, you may need reasonably-priced electricity (quite a few it), a web connection, and as a minimum one Bitcoin mining hardware tool – an ASIC Bitcoin miner.
In the very early days (2009-2011) you can mine Bitcoin with a CPU, then mining software become created to utilize the computing strength of a GPU, then got here FPGAs, and in 2013 the first ASIC Bitcoin mining gadgets became to be had.
Now, all Bitcoin mining is completed using an ASIC Bitcoin miner as it’s miles now not profitable to mine with a CPU, GPU or FPGA.
That being said, maximum ASIC miners require 220 volts or better and at least 20 AMPs. You can test the choices Bitcoin miner specifications to look the choices strength necessities.
At this factor you need to decide your to be had electricity capacity in wattage at the choices location in which you may be mining.
If you have got a 200 AMPs electrical provider with 220 volts, then the total strength ability is 2 hundred AMPs * 220 volts = forty four,000 watts.
But you in no way need to use more than seventy five% of that capacity, otherwise you will journey the choices breakers.
So, 44,000 watts will become 33,000 watts of usable power capability.
Now that you recognize how plenty electricity ability you have (extra is higher), you could determine what number of miners you can run. In this situation, it’d be about 11 Bitmain Antminer S17+ at 2,920 watts in step with device.
Once you’ve got the choices Bitcoin mining hardware in hand, the ultimate step is to configure every miner.
Typically, the configuration consists of placing the Bitcoin mining pool, user name, and password.
Most Bitcoin mining device manufacturers provide a manual on the way to configure the choices Bitcoin mining hardware.
Bitcoin Mining Pools
Given the choices Bitcoin hashrate, it’s miles statically impossible to generate sufficient hashes to resolve a Bitcoin block mining solo (with the aid of yourself).
To increase the choices possibilities of solving a Bitcoin block, you could join a pool of other miners all working together to solve a block.
Once a block is solved the choices Bitcoin mining reward is cut up among the pool participants.
And in turn the Bitcoin mining pool prices a small price, generally 1% to four%.
Here is a list of popular Bitcoin mining swimming pools.
Is Bitcoin mining still worthwhile?
Yes, mining Bitcoin remains profitable – based on the choices mining hardware hashrate of a hundred and ten.00 TH/s, energy prices, and pool / upkeep charges furnished.
While, mining Bitcoin remains worthwhile as of right now…
Mining profitability can trade in no time.
The blockchain is constantly developing and the choices Bitcoin trouble increases and decreases through the years primarily based on the entire computing power presently mining blocks and producing hashes.
That said, we propose checking your mining profitability regularly.
The Bitcoin mining profitability outcomes and mining rewards were calculated the use of the choices fine BTC mining calculator with the subsequent inputs.
A BTC mining issue of 14,363,1/2,673,660.00, a BTC mining hashrate of a hundred and ten.00 TH/s ingesting three,250 watts of energy at $0.05 in step with kWh, and a block reward of 6.25 BTC at $34,632.58 (BTC to USD).
How many Bitcoin can you mine an afternoon?
Based the choices mining hardware inputs furnished, zero.00096290 Bitcoin can be mined according to day with a Bitcoin mining hashrate of a hundred and ten.00 TH/s, a block praise of 6.25 BTC, and a Bitcoin problem of 14,363,1/2,673,660.00.
After deducting mining electricity expenses and mining fees, the choices final each day Bitcoin mining income is $29.45 Bitcoin to USD.
How long does it take to mine 1 Bitcoin?
As of Saturday, July 03, 2021, it would take 1,038.5 days to mine 1 Bitcoin at the modern-day Bitcoin trouble degree along side the choices mining hashrate and block reward; a Bitcoin mining hashrate of one hundred ten.00 TH/s ingesting 3,250.00 watts of power at $0.05 in keeping with kWh, and a block reward of 6.25 BTC.
It is vital to factor out that the choices quantity of days calculated does no longer account for difficulty increases and decrease as well as block praise will increase and decrease (halvening).