CoinProfitTools
Crypto profit, fee & risk calculators
Estimate your daily, monthly, and yearly crypto mining profitability based on your hashrate, electricity cost, and block reward.
Crypto mining is the process of verifying blockchain transactions and securing a network through computational power. In return, miners receive block rewards in newly created coins and transaction fees. Mining is the backbone of Proof-of-Work cryptocurrencies such as Bitcoin and Litecoin.
Mining profitability depends on multiple variables such as hashrate, mining difficulty, block rewards, electricity cost, and the market price of the mined coin. A miner’s income increases when coin prices rise or electricity costs fall—and decreases when mining difficulty rises or price drops.
This calculator estimates your profitability using simplified assumptions:
1. Enter your mining hashrate 2. Input the block reward of your coin 3. Enter coin market price 4. Add your rig power usage 5. Enter electricity rate 6. Click calculate
Mining can still be profitable, but margins are much tighter than in earlier years. Profitability now depends heavily on access to cheap electricity, efficient ASIC hardware, and strategic coin selection. Many miners today operate with industrial-scale operations or renewable energy sources to remain profitable.
For most beginners, crypto mining is no longer easily profitable without access to extremely cheap electricity and specialized ASIC hardware. In earlier years, GPU mining could generate strong margins, but today industrial miners dominate the network. Beginners may still mine for educational purposes or long-term speculation, but as a pure profit strategy, short-term mining returns are often low without scale.
Electricity is almost always the biggest operational cost for miners. Even a small difference in electricity price per kilowatt-hour can drastically change profitability. Hardware depreciation and maintenance are also significant long-term costs that many beginner miners underestimate.
Yes. When mining difficulty increases, miners must perform significantly more calculations to receive the same block reward. This directly reduces profitability unless the coin’s market price increases proportionally.
Most cloud mining contracts are structured to favor the provider rather than the user. While some legitimate services exist, many cloud mining users find that profits barely exceed costs—or never reach breakeven. Extreme caution is advised with any cloud mining offer.
In many countries, mining income is treated as taxable income at the market value of the coins when they are received. This means miners may owe taxes even before selling their mined coins. Always consult a local tax professional.