Mining Electricity Cost Calculator

Calculate cryptocurrency mining electricity costs and profitability.

By Konstantin Iakovlev · Updated April 2026 · Source: IRS — Digital Assets

$

Monthly Cost

$129.60

Annual Cost

$1,576.80

Electricity Costs

Daily kWh36.00 kWh
Daily Cost$4.32
Monthly Cost$129.60
Annual Cost$1,576.80

Use the Mining Electricity Cost Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

How It Works

Power draw is the single biggest variable separating a profitable mining rig from one that bleeds cash, and this tool puts a precise dollar figure on that draw so you can judge whether an operation actually pays. As energy prices and network difficulty swing, that number moves with them. By 2026, analysts expect the average global industrial electricity price to sit near $0.15 per kWh, which makes squeezing efficiency out of every watt more important than it has ever been.

The math behind the estimate is direct: take device power consumption in watts, divide by 1000, multiply by the electricity cost per kWh, then multiply by operating hours to get the total power bill for the period. That figure is then subtracted from your projected mining revenue, which is itself derived from your hardware's hash rate, the current coin price, and network difficulty, leaving you a clean net-profit number.

Two traps catch most miners. The first is treating electricity rates as fixed when peak-hour tariffs and rate hikes can quietly erode margins, so build in some headroom. The second is ignoring cooling, which in warmer climates can add a meaningful share to total energy use. Difficulty and coin prices also move sharply and without warning, so any projection here is a snapshot worth revisiting often rather than a permanent forecast.

Example: Mining Ethereum in 2026

  1. 1 Let's assume you're mining Ethereum (or a similar proof-of-work coin) with an ASIC miner consuming 3000 Watts, operating 24/7. Your electricity cost is $0.12 per kWh, and the miner generates an estimated $15 per day in revenue before electricity.
  2. 2 First, calculate daily electricity consumption: (3000 W / 1000) * $0.12/kWh * 24 hours = $8.64 per day. Then, subtract this from your daily revenue: $15 (revenue) - $8.64 (electricity cost) = $6.36.
  3. 3 Your estimated daily net profit is $6.36. Over a month (30 days), this translates to approximately $190.80.
  4. 4 This example highlights the significant impact of electricity costs on profitability. While $6.36 per day might seem modest, it represents a positive return. However, any increase in electricity price or decrease in coin value could quickly push this operation into unprofitability, emphasizing the need for continuous monitoring.

Source: IRS — Digital Assets · Last updated: April 2026

Frequently Asked Questions

How much electricity does crypto mining use?
A single modern ASIC Bitcoin miner uses about 3,000-3,500 watts continuously, consuming roughly 2,160-2,520 kWh per month. At $0.12 per kWh, that is $260-300 per month in electricity per machine. GPU mining rigs use 500-1,500 watts.
Is crypto mining profitable at current electricity rates?
Profitability depends on your electricity cost, hardware efficiency, and coin price. Mining is generally profitable below $0.06-0.08 per kWh for Bitcoin. At the US average of $0.16/kWh, most home mining operations are unprofitable unless crypto prices rise significantly.
How do I calculate mining electricity cost?
Multiply your miner's wattage by 24 hours, then by 30 days, and divide by 1,000 to get monthly kWh. Multiply by your electricity rate. For example, a 3,000W miner at $0.12/kWh costs: 3,000 x 24 x 30 / 1,000 x $0.12 = $259.20 per month.