Projections incorporate difficulty growth andreward halving. Update the difficulty, mining, and marketparameters below to recalculate the tables and charts.Ethereum version.
About
This calculator estimates profits from bitcoin mining by forecastingcosts and future market conditions.
Bitcoin
Bitcoin is a digital, cryptographic,peer-to-peer currency.The money supply is increased automatically by the network byrewarding newly minted bitcoins to users who contribute the computingpower necessary to solve the difficult cryptographic problems requiredto produce the global transaction log.This process is called mining.
Methodology
Future revenues are calculated assuming difficulty changes occurat regular intevals (e.g., 14 days) and that the difficulty aftereach such change is a fixed percentage increase over the previousdifficulty (e.g., 5%).The exchange rate is held fixed, so the assumption is that allBTC revenues are held and exchanged for USD at the end of thetime horizon.Hence, if you expect the exchange rate to rise or fall, enter thevalue you expect at the end of the time horizon.
Defaults
The starting difficulty is taken to be the current difficulty.The USD exchange rate is taken to be the daily volume-weighted average exchange rate reported by Bitstamp.These values are updated periodically throughout the day.The remaining default values are fixed.The default difficulty growth rate is taken to be 5%, which was approximately the average two-week difficulty increase between February 2016 and August 2017.The cost of electricity is taken to be $0.15 per kWh.The hashrate, cost, and power consumption of the hardware are taken tobe those of an AntMiner S9 ASIC miner (13.5 Th/s, $1,987.95, 1,300 W).
More Details
All calculations assume that mining begins immediately.The current block number is taken to be length of the current longestblockchain as given (updated every fifteen minutes).Calculations begin at the given difficulty.The number of days until the first difficulty adjustment is taken tobe the ETA estimate provided byblockexplorer.com.Subsequent increases are assumed to occur regularly according to thespecified interval.Since difficulty changes occur every 2016 blocks, the interval in daysyou choose for difficulty adjustments implies a rate at which newblocks are solved.The reward for solving blocks (e.g., 25 BTC) is adjusted over the timehorizon according to the Bitcoin protocol.Estimated transaction fees are not yet included.
Disclaimer
The exchange rates and revenue and profit projections produced on thissite are for educational purposes only.They are not guaranteed to be accurate, and are subject to changewithout notice.
FAQs
You calculate crypto profit by subtracting the selling price from the cost price of the cryptocurrency. That is one of the simplest ways to calculate your profit and loss.
How much profit do Bitcoin miners make? ›
If you're successful in mining a Bitcoin block, you'll receive 6.25 BTC – currently valued at over $162,500. You'll also receive the transaction fees paid by senders for the respective block. What's more, Bitcoin mining is also possible without purchasing any equipment.
How much will $100 Bitcoin be worth in 10 years? ›
A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.
What calculations are bitcoin miners solving? ›
Bitcoin miners solve “math problems” using the Proof of Work consensus mechanism. The whole process involves finding a nonce, which when hashed with the SHA-256 algorithm, produces a value that meets a difficulty level set by the Bitcoin network.
What will $500 in Bitcoin be worth in 5 years? ›
If I invest $500 in Bitcoin at the start of 2022, how much money will I expect in the next 5 years? I see Bitcoin hovering around $90k by the mid of 2022, if not the entire market is collapsed by that time. In 5 years Bitcoin can easily reach $150k-$250k. Coming to the question $500 gives you 0.01BTC as of now.
Is investing $1000 in Bitcoin worth it? ›
If we go by Wood's predictions of Bitcoin hitting $1 million in 2030, that would represent a 1,288% price increase from today's price. In turn, $1,000 in Bitcoin bought today would produce a return of $12,880 return in six years.
How much does 1 Bitcoin miner make a year? ›
Crypto Mining Salary
| Annual Salary | Hourly Wage |
|---|
| Top Earners | $68,500 | $33 |
| 75th Percentile | $62,000 | $30 |
| Average | $55,819 | $27 |
| 25th Percentile | $48,500 | $23 |
Bitcoin pays out a mining reward each time a new “block” is entered into the permanent record of transactions. The reward shrinks every few years, but for now, it is 6.25 BTC, which in December 2022 was worth roughly $105,000 as Bitcoin hovered below $17,000.
Are people really making money Bitcoin mining? ›
Bitcoin mining can be a lucrative way to make money with Bitcoin, but not for individual investors. Because of the computing power required, the upfront and ongoing costs can far outpace mining rewards earned.
What if you put $1000 in Bitcoin 5 years ago? ›
If you had invested $1,000 into bitcoin five years ago, the investment would have grown by 1,352% and be worth around $14,524 as of Feb. 14. If you had bought $1,000 worth of bitcoin 10 years ago, it would have grown by 7,644% and be worth around $77,443 as of Feb.
CRYPTO: BTC
Thus, a mere $100 stake in Bitcoin five years ago, when it was trading at around $7,000, would have resulted in an immediate 50% crash as the digital coin fell to $3,500 in early 2019.
What if I invested $1000 in Bitcoin in 2010? ›
That investment would be worth $6,859,178,076.22 today based on the same price of $28,122.63 at the time of writing. While investing in Bitcoin today may never be worth billions of dollars in the future, the hypothetical investment illustrates the large increase in value of the leading cryptocurrency over time.
How long does it take to mine 1 Bitcoin? ›
To answer the central question in mind, it takes an average of 10 minutes to mine not just 1 Bitcoin but 3 — and that rate will fluctuate over time.
How much Bitcoin miners make a day? ›
Basic Info. Bitcoin Miners Revenue Per Day is at a current level of 26.54M, down from 27.45M yesterday and down from 41.74M one year ago. This is a change of -3.31% from yesterday and -36.42% from one year ago.
What is the most profitable Bitcoin miner? ›
The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266, and MicroBit Whatsminer M50S. If you want to mine other cryptocurrencies, the Bitmain Antminer KS3, Bitmain Antminer D9, and Bitmain Antminer K7 are all solid choices.
How do mining companies calculate profit? ›
Operating Profit Margin
This is important in the mining industry since mining companies frequently have to adjust production levels, significantly changing their total operational costs. The operating margin is calculated by dividing total operating profit by total revenues.
How do you calculate the cost of mining 1 Bitcoin? ›
Cost to Mine Chart
Formula: cost to mine 1 BTC = daily OpEx / daily BTC mined where the daily OpEx is the cost of electricity for 1 day and the daily BTC mined is the total BTC mined - revenue fees .
How much do bitcoin miners make per day? ›
Basic Info. Bitcoin Miners Revenue Per Day is at a current level of 35.68M, up from 30.92M yesterday and up from 32.52M one year ago. This is a change of 15.40% from yesterday and 9.72% from one year ago.
How much can I make if I invest $100 in Bitcoin? ›
How far can a $100 investment into Bitcoin go?
| Year | Bitcoin price on January 1 | BTC acquired with $100 investment |
|---|
| 2021 | $29,200 | 0.0034 BTC |
| 2022 | $47,800 | 0.0020 BTC |
| 2023 | $16,630 | 0.0060 BTC |
| 2024 | $42,675 | 0.0023 BTC |
10 more rowsMar 6, 2024
