How to calculate mining profitability CoinDesk

You can input parameters such as equipment cost hash rate power consumption and the current bitcoin price to see how long it will take to pay back your investment As a test we entered the specifications of two mining systems into the calculators below For our Scrypt GPU mining rig we used the system described and

In one chart here 39 s how much it costs to mine bitcoin in your state

Dec 18 2017 The most expensive state in contrast is Hawaii where the cost of electricity brings mining costs up to 9 483 meaning it is nearly three times more expensive to mine bitcoin in Honolulu than New Orleans Courtesy the Crescent Electric Supply Company So called miners perform a crucial function within

7 Reasons Bitcoin Mining is NOT Profitable or Worth It in 2018

Jun 13 2017 W xHash s Watts per hashrate per second Electricity is the major on going cost of Bitcoin mining The price paid per Watt will greatly influence profitability