Is Bitcoin Mining Profitable

This section describes Bitcoin mining cost and profitability.

In the previous section, we learned that we can make about $18 USD per day by joining Antpool with an Antminer S9 miner.

But we need to calculate the cost and fees. Here is how our first year forecast looks like include the cost of buying Antminer S9, paying electricity bill, and Antpool fee 2.5%.

Revenue:     $18*365:   + $6,843.75
Antpool fee: 2.5%       -   $171.09
  1,375 W
  = 33 kWh/day  
  = $5.28 / day
  at $0.12 / kWh
             $3.96*365: - $1,455.40
Cost of Antminer 9S:    - $3,000.00

So Bitcoin mining is profitable. You will make about $2,227 USD for the first year after paying for miner hardware. You will make about $5,227 USD for the second year.

Table of Contents

 About This Book

 Introduction of Bitcoin

 Bitcoin Blockchain

 Bitcoin Wallet

 Bitcoin Core

 Bitcoin Transaction

 Bitcoin-Qt - Bitcoin Core GUI

Bitcoin Mining

 What Is Bitcoin Mining

 Computation Effort of Bitcoin Mining

 Bitcoin Mining Machine - "Miner"

 Bitcoin Mining Farm

 Bitcoin Mining Pool

Is Bitcoin Mining Profitable

 Bitcoin Consensus Rules

 Bitcoin Block Data Structure

 Bitcoin Transaction Data Structure

 Bitcoin Blockchain APIs

 Copay - Bitcoin Wallet

 Archived Tutorials


 Full Version in PDF/EPUB