Mining Economics and Strategy

15 min readinteractive

Deep dive into the economics of Bitcoin mining and profitable strategies.

Mining Profitability Factors:

  • •Hash Rate: Your mining power
  • •Difficulty: Network competition
  • •Electricity Cost: Biggest operational expense
  • •Hardware Efficiency: Joules per terahash
  • •Bitcoin Price: Revenue in fiat terms
  • •Pool Fees: Cost of pool participation

Break-even Calculation: Daily Revenue - (Power Cost + Pool Fees + Maintenance) = Profit