Wondering if Mining Bitcoins is profitable?

For an explanation of what you can learn using this calculator, see the related news article.











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Notes: Feb 1, 2016 difficulty was 120,033,340,651. Feb 1, 2017, difficulty was 392,963,262,344. Divide 392... into 120... and you get ~ 3.2738. (1+x/100)^12 = 3.2738. Therefore, the average compounded percentage growth over that 12 month span was 10.4%.

Bitcoin price (in CAD) was $517.47 on Feb 1, 2016. Price was $1,275.04 on Feb 1, 2017. That gives an average compounded growth over that 12 month span of 7.8%.

THESE ARE NOT PREDICTIONS, they are only a representation of the market over a 12 month span. Future performance may be better, but could very possibly be significantly worse, or negative.

Genesis Mining 0.2TH/s contract, extreme fee/block increase

WhenCostsPayoutProfitCumulativeNet BTCNet $Vs. Holding BTC
2024-12-210 BTC0.0048 BTC0.0048 BTC0.0048 BTC0.0045 BTC$486.57$30.32
BLOCK REWARD PROBABLY HALVES BY NOW
2025-01-210 BTC0.003 BTC0.003 BTC0.0078 BTC0.0075 BTC$806.40$30.34
2025-02-210 BTC0.0027 BTC0.0027 BTC0.0105 BTC0.0102 BTC$1,096.10$30.35
2025-03-210 BTC0.0022 BTC0.0022 BTC0.0127 BTC0.0124 BTC$1,333.11$30.37
2025-04-210 BTC0.0022 BTC0.0022 BTC0.0149 BTC0.0146 BTC$1,570.76$30.39
2025-05-210 BTC0.0019 BTC0.0019 BTC0.0168 BTC0.0165 BTC$1,779.04$30.40
2025-06-210 BTC0.0018 BTC0.0018 BTC0.0186 BTC0.0183 BTC$1,973.94$30.42
2025-07-210 BTC0.0016 BTC0.0016 BTC0.0202 BTC0.0199 BTC$2,144.73$30.44
2025-08-210 BTC0.0015 BTC0.0015 BTC0.0216 BTC0.0214 BTC$2,304.51$30.46
2025-09-210 BTC0.0014 BTC0.0013 BTC0.023 BTC0.0227 BTC$2,449.16$30.47
2025-10-210 BTC0.0012 BTC0.0012 BTC0.0241 BTC0.0239 BTC$2,575.87$30.49
2025-11-210 BTC0.0011 BTC0.0011 BTC0.0252 BTC0.025 BTC$2,694.37$30.51
2025-12-210 BTC0.001 BTC0.001 BTC0.0262 BTC0.0259 BTC$2,798.15$30.53
2026-01-210 BTC0.0009 BTC0.0009 BTC0.0271 BTC0.0268 BTC$2,895.18$30.54
2026-02-210 BTC0.0008 BTC0.0008 BTC0.0279 BTC0.0276 BTC$2,982.96$30.56
2026-03-210 BTC0.0007 BTC0.0007 BTC0.0286 BTC0.0283 BTC$3,054.67$30.58
2026-04-210 BTC0.0007 BTC0.0007 BTC0.0292 BTC0.0289 BTC$3,126.46$30.60
2026-05-210 BTC0.0006 BTC0.0006 BTC0.0298 BTC0.0295 BTC$3,189.26$30.61
2026-06-210 BTC0.0006 BTC0.0005 BTC0.0303 BTC0.0301 BTC$3,247.92$30.63
2026-07-210 BTC0.0005 BTC0.0005 BTC0.0308 BTC0.0305 BTC$3,299.21$30.65
2026-08-210 BTC0.0005 BTC0.0004 BTC0.0313 BTC0.031 BTC$3,347.08$30.66
2026-09-210 BTC0.0004 BTC0.0004 BTC0.0316 BTC0.0314 BTC$3,390.31$30.68
2026-10-210 BTC0.0004 BTC0.0003 BTC0.032 BTC0.0317 BTC$3,428.06$30.70
2026-11-210 BTC0.0003 BTC0.0003 BTC0.0323 BTC0.032 BTC$3,463.26$30.72
2026-12-210 BTC0.0003 BTC0.0003 BTC0.0326 BTC0.0323 BTC$3,493.97$30.73
2027-01-210 BTC0.0003 BTC0.0003 BTC0.0329 BTC0.0326 BTC$3,522.57$30.75
2027-02-210 BTC0.0003 BTC0.0002 BTC0.0331 BTC0.0328 BTC$3,548.32$30.77
2027-03-210 BTC0.0002 BTC0.0002 BTC0.0333 BTC0.033 BTC$3,569.26$30.79
2027-04-210 BTC0.0002 BTC0.0002 BTC0.0335 BTC0.0332 BTC$3,590.11$30.80
2027-05-210 BTC0.0002 BTC0.0002 BTC0.0336 BTC0.0334 BTC$3,608.24$30.82
2027-06-210 BTC0.0002 BTC0.0002 BTC0.0338 BTC0.0335 BTC$3,625.05$30.84
2027-07-210 BTC0.0001 BTC0.0001 BTC0.0339 BTC0.0336 BTC$3,639.64$30.86
2027-08-210 BTC0.0001 BTC0.0001 BTC0.0341 BTC0.0338 BTC$3,653.14$30.87
2027-09-210 BTC0.0001 BTC0.0001 BTC0.0342 BTC0.0339 BTC$3,665.21$30.89
2027-10-210 BTC0.0001 BTC0.0001 BTC0.0343 BTC0.034 BTC$3,675.64$30.91
2027-11-210 BTC0.0001 BTC0.0001 BTC0.0343 BTC0.0341 BTC$3,685.25$30.93
2027-12-210 BTC0.0001 BTC0.0001 BTC0.0344 BTC0.0341 BTC$3,693.52$30.95
2028-01-210 BTC0.0001 BTC0.0001 BTC0.0345 BTC0.0342 BTC$3,701.10$30.96
2028-02-210 BTC0.0001 BTC0.0001 BTC0.0346 BTC0.0343 BTC$3,707.81$30.98
2028-03-210 BTC0.0001 BTC0.0001 BTC0.0346 BTC0.0343 BTC$3,713.34$31.00
2028-04-210 BTC0.0001 BTC0 BTC0.0346 BTC0.0344 BTC$3,718.54$31.02
2028-05-210 BTC0.0001 BTC0 BTC0.0347 BTC0.0344 BTC$3,722.95$31.03
2028-06-210 BTC0.0001 BTC0 BTC0.0347 BTC0.0344 BTC$3,726.91$31.05
2028-07-210 BTC0 BTC0 BTC0.0348 BTC0.0345 BTC$3,730.23$31.07
2028-08-210 BTC0 BTC0 BTC0.0348 BTC0.0345 BTC$3,733.17$31.09
2028-09-210 BTC0 BTC0 BTC0.0348 BTC0.0345 BTC$3,735.67$31.10
2028-10-210 BTC0 BTC0 BTC0.0348 BTC0.0345 BTC$3,737.71$31.12
2028-11-210 BTC0 BTC0 BTC0.0348 BTC0.0346 BTC$3,739.46$31.14
2028-12-210 BTC0 BTC0 BTC0.0349 BTC0.0346 BTC$3,740.84$31.16
2029-01-210 BTC0 BTC0 BTC0.0349 BTC0.0346 BTC$3,741.96$31.17
2029-02-210 BTC0 BTC0 BTC0.0349 BTC0.0346 BTC$3,742.82$31.19
2029-03-210 BTC0 BTC0 BTC0.0349 BTC0.0346 BTC$3,743.38$31.21
2029-04-210 BTC0 BTC0 BTC0.0349 BTC0.0346 BTC$3,743.77$31.23
2029-05-210 BTC0 BTC0 BTC0.0349 BTC0.0346 BTC$3,743.96$31.25
2029-06-210 BTC0 BTC0 BTC0.0349 BTC0.0346 BTC$3,743.97$31.26
2029-07-210 BTC0 BTC-0 BTC0.0349 BTC0.0346 BTC$3,743.97$31.28
CONTRACT END DUE TO NON-PROFITABILITY.   Projected price/BTC: $111,138.91