MegaHashes per second (MH/s)
GigaHashes per second (GH/s)
TeraHashes per second (TH/s)
Estimated Daily Profit
$0.00USD per day
0.00Coins per day
$0.00USD Electricity Cost per day
Understanding Cryptocurrency Mining Profitability
Cryptocurrency mining is the process by which new coins are introduced into a cryptocurrency's total supply. Miners use powerful computers to solve complex mathematical problems, and in return, they are rewarded with a certain amount of cryptocurrency. The profitability of mining depends on several key factors, and a calculator like this helps you estimate your potential earnings and costs.
Key Factors and How They Are Calculated:
Hashrate: This is the speed at which your mining hardware can perform cryptographic hash calculations. It's usually measured in MegaHashes per second (MH/s), GigaHashes per second (GH/s), or TeraHashes per second (TH/s). The calculator converts your input to a standardized unit (e.g., GH/s) for calculation.
Power Consumption: Mining hardware consumes significant electricity. This input (in Watts) is crucial for calculating operational costs.
Electricity Cost: The price you pay for electricity, typically in dollars per kilowatt-hour ($/kWh). This is a major determinant of profitability.
Pool Fee: Most miners join mining pools to combine their hashrate and increase their chances of finding a block. Pools charge a small percentage fee for their services.
Coin Price: The current market value of the cryptocurrency you are mining, denominated in USD. This directly impacts your revenue.
Network Difficulty: A measure of how difficult it is to find a new block. Higher difficulty means more competition and a lower chance of individual miners finding a block on their own. This metric is dynamic and adjusts based on the total network hashrate.
Block Reward: The fixed amount of cryptocurrency awarded to the miner(s) who successfully solve a block. This often halves over time through events called "halving".
Block Time: The average time it takes for the network to generate a new block. This varies between different cryptocurrencies.
How the Calculator Works:
This calculator estimates your daily mining rewards and costs using the provided inputs. The core calculation involves:
Calculating Total Network Hashrate: Using difficulty and block time, we can estimate the total hashrate of the entire network.
Formula: Total Network Hashrate = (Difficulty * 2^32) / Block Time (seconds)
Calculating Your Share of the Network Hashrate: This determines what proportion of the total mining power you contribute.
Formula: Your Share = Your Hashrate / Total Network Hashrate
Estimating Your Daily Coins Mined: Based on your share, the block reward, and the number of blocks mined per day.
Formula: Daily Coins = (Your Share * Blocks per Day * Block Reward) Blocks per Day = 86400 seconds / Block Time (seconds)
Calculating Pool Fees: Formula: Daily Pool Fees = Gross Daily Revenue * (Pool Fee / 100)
Calculating Net Daily Profit: Formula: Net Daily Profit = Gross Daily Revenue – Daily Electricity Cost – Daily Pool Fees
Note: This calculator provides an *estimate*. Actual results may vary due to fluctuations in coin price, network difficulty, block reward changes (e.g., halving events), and hardware efficiency. It does not account for hardware depreciation, cooling costs, or other indirect expenses.
Use Cases:
Prospective Miners: Assess if mining a specific cryptocurrency is financially viable before investing in hardware.
Current Miners: Optimize mining operations by comparing profitability across different coins or hardware setups.
Investors: Understand the economics of Proof-of-Work (PoW) cryptocurrencies.
function calculateProfitability() {
var hashrateInput = document.getElementById("hashrate").value;
var hashrateUnit = document.getElementById("hashrateUnit").value;
var powerConsumption = document.getElementById("powerConsumption").value;
var electricityCost = document.getElementById("electricityCost").value;
var poolFee = document.getElementById("poolFee").value;
var coinPrice = document.getElementById("coinPrice").value;
var difficulty = document.getElementById("difficulty").value;
var blockReward = document.getElementById("blockReward").value;
var blockTime = document.getElementById("blockTime").value;
var dailyProfitElement = document.getElementById("dailyProfit");
var dailyCoinsElement = document.getElementById("dailyCoins");
var dailyPowerCostElement = document.getElementById("dailyPowerCost");
// — Input Validation —
if (isNaN(hashrateInput) || hashrateInput <= 0 ||
isNaN(powerConsumption) || powerConsumption < 0 ||
isNaN(electricityCost) || electricityCost < 0 ||
isNaN(poolFee) || poolFee 100 ||
isNaN(coinPrice) || coinPrice <= 0 ||
isNaN(difficulty) || difficulty <= 0 ||
isNaN(blockReward) || blockReward <= 0 ||
isNaN(blockTime) || blockTime <= 0) {
alert("Please enter valid positive numbers for all fields, except for Power Consumption and Pool Fee (which can be 0). Pool Fee must be between 0 and 100.");
dailyProfitElement.textContent = "$0.00";
dailyCoinsElement.textContent = "0.00";
dailyPowerCostElement.textContent = "$0.00";
return;
}
// — Unit Conversion for Hashrate —
var effectiveHashrate = parseFloat(hashrateInput);
if (hashrateUnit === "GH") {
effectiveHashrate *= 1000; // Convert GH/s to MH/s
} else if (hashrateUnit === "TH") {
effectiveHashrate *= 1000000; // Convert TH/s to MH/s
}
// For consistency, let's use MH/s as the base unit
var baseHashrate = effectiveHashrate; // Now in MH/s
// — Constants and Conversions —
var secondsPerDay = 86400;
var wattsToKilowatts = 1000;
// — Calculations —
// 1. Estimate Total Network Hashrate (in MH/s)
// Difficulty * 2^32 is the target value for a hash.
// Network Hashrate = (Difficulty * 2^32) / Block Time (seconds)
// We need to ensure difficulty is a float and 2^32 is handled correctly.
var networkHashrate_hps = (parseFloat(difficulty) * Math.pow(2, 32)) / parseFloat(blockTime);
var networkHashrate_mhps = networkHashrate_hps / 1000000; // Convert H/s to MH/s
// 2. Calculate Your Share of the Network Hashrate
var yourShare = baseHashrate / networkHashrate_mhps;
// 3. Calculate Daily Coins Mined
var blocksPerDay = secondsPerDay / parseFloat(blockTime);
var dailyCoins = yourShare * blocksPerDay * parseFloat(blockReward);
// 4. Calculate Gross Daily Revenue (USD)
var grossDailyRevenue = dailyCoins * parseFloat(coinPrice);
// 5. Calculate Daily Electricity Cost (USD)
var dailyElectricityKwh = (parseFloat(powerConsumption) / wattsToKilowatts) * 24;
var dailyElectricityCost = dailyElectricityKwh * parseFloat(electricityCost);
// 6. Calculate Daily Pool Fees (USD)
var dailyPoolFees = grossDailyRevenue * (parseFloat(poolFee) / 100);
// 7. Calculate Net Daily Profit (USD)
var netDailyProfit = grossDailyRevenue – dailyElectricityCost – dailyPoolFees;
// — Display Results —
dailyProfitElement.textContent = "$" + netDailyProfit.toFixed(2);
dailyCoinsElement.textContent = dailyCoins.toFixed(8); // Show more decimal places for coins
dailyPowerCostElement.textContent = "$" + dailyElectricityCost.toFixed(2);
}