Only 21 million Bitcoin can ever be mined, and the circulating supply reached 18.9 million BTC in January 2022. It does this by calculating the cost of mining Bitcoin based on different variables, comparing those costs to the current price of Bitcoin and finally determining your expected level of profit or loss. The Invezz Bitcoin mining calculator tool tells you how efficient a mining operation is, and therefore whether or not it’s profitable (and if so, how profitable). Click calculate to determine your profit (or loss) per day, week, month, and year.The pool fee is expressed as a percentage. Enter in your pool fee, which is the fee that miners typically pay to share their processing power over a single, large network, thereby saving money.Enter in the cost of your power (expressed in cost per kilowatt hour, or KW/h).Enter in the power consumption (expressed in watts). ![]() This is expressed in either TeraHASHes per second (TH/s), GigaHASHes per second (GH/s), MegaHASHes per second (MH/s), KiloHASHes per second (KH/s), or HASHes per second (H/s). Enter in the hashing power (the speed at which your crypto mining device operates).Using our Bitcoin mining calculator is a simple process. Keep reading to learn how our Bitcoin mining calculator works, and how you can use that knowledge to evaluate whether or not that Bitcoin mining operation will make a profit. The Invezz Bitcoin mining calculator figures out the cost of mining Bitcoin based on all relevant variables, including the electricity costs and efficiency of your hardware. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. Invezz is an independent platform with the goal of helping users achieve financial freedom.
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