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Wondering if Mining Bitcoins is profitable?
For an explanation of what you can learn using this calculator, see the related news article.
]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, almost no bitcoin miners--half BTC growth rate
When | Costs | Payout | Profit | Cumulative | Net BTC | Net $ | Vs. Holding BTC |
---|---|---|---|---|---|---|---|
2024-12-23 | 0 BTC | 0.0036 BTC | 0.0036 BTC | 0.0036 BTC | 0.0033 BTC | $366.23 | $31.48 |
BLOCK REWARD PROBABLY HALVES BY NOW | |||||||
2025-01-23 | 0 BTC | 0.0019 BTC | 0.0019 BTC | 0.0055 BTC | 0.0052 BTC | $584.51 | $32.71 |
2025-02-23 | 0 BTC | 0.0019 BTC | 0.0018 BTC | 0.0073 BTC | 0.007 BTC | $804.72 | $33.99 |
2025-03-23 | 0 BTC | 0.0016 BTC | 0.0016 BTC | 0.0089 BTC | 0.0086 BTC | $1,005.37 | $35.31 |
2025-04-23 | 0 BTC | 0.0017 BTC | 0.0017 BTC | 0.0106 BTC | 0.0104 BTC | $1,229.48 | $36.69 |
2025-05-23 | 0 BTC | 0.0016 BTC | 0.0016 BTC | 0.0123 BTC | 0.012 BTC | $1,448.26 | $38.12 |
2025-06-23 | 0 BTC | 0.0016 BTC | 0.0016 BTC | 0.0139 BTC | 0.0136 BTC | $1,676.33 | $39.61 |
2025-07-23 | 0 BTC | 0.0015 BTC | 0.0015 BTC | 0.0154 BTC | 0.0152 BTC | $1,898.99 | $41.15 |
2025-08-23 | 0 BTC | 0.0016 BTC | 0.0015 BTC | 0.017 BTC | 0.0167 BTC | $2,131.09 | $42.76 |
2025-09-23 | 0 BTC | 0.0015 BTC | 0.0015 BTC | 0.0185 BTC | 0.0182 BTC | $2,365.24 | $44.42 |
2025-10-23 | 0 BTC | 0.0014 BTC | 0.0014 BTC | 0.0199 BTC | 0.0196 BTC | $2,593.82 | $46.16 |
2025-11-23 | 0 BTC | 0.0014 BTC | 0.0014 BTC | 0.0213 BTC | 0.021 BTC | $2,832.11 | $47.96 |
2025-12-23 | 0 BTC | 0.0013 BTC | 0.0013 BTC | 0.0226 BTC | 0.0223 BTC | $3,064.74 | $49.83 |
2026-01-23 | 0 BTC | 0.0013 BTC | 0.0013 BTC | 0.0239 BTC | 0.0237 BTC | $3,307.24 | $51.77 |
2026-02-23 | 0 BTC | 0.0013 BTC | 0.0013 BTC | 0.0252 BTC | 0.025 BTC | $3,551.87 | $53.79 |
2026-03-23 | 0 BTC | 0.0011 BTC | 0.0011 BTC | 0.0264 BTC | 0.0261 BTC | $3,774.77 | $55.89 |
2026-04-23 | 0 BTC | 0.0012 BTC | 0.0012 BTC | 0.0276 BTC | 0.0273 BTC | $4,023.73 | $58.07 |
2026-05-23 | 0 BTC | 0.0012 BTC | 0.0011 BTC | 0.0287 BTC | 0.0285 BTC | $4,266.77 | $60.33 |
2026-06-23 | 0 BTC | 0.0012 BTC | 0.0011 BTC | 0.0299 BTC | 0.0296 BTC | $4,520.13 | $62.68 |
2026-07-23 | 0 BTC | 0.0011 BTC | 0.0011 BTC | 0.031 BTC | 0.0307 BTC | $4,767.47 | $65.13 |
2026-08-23 | 0 BTC | 0.0011 BTC | 0.0011 BTC | 0.032 BTC | 0.0318 BTC | $5,025.31 | $67.67 |
2026-09-23 | 0 BTC | 0.0011 BTC | 0.001 BTC | 0.0331 BTC | 0.0328 BTC | $5,285.41 | $70.31 |
2026-10-23 | 0 BTC | 0.001 BTC | 0.001 BTC | 0.0341 BTC | 0.0338 BTC | $5,539.34 | $73.05 |
2026-11-23 | 0 BTC | 0.001 BTC | 0.001 BTC | 0.0351 BTC | 0.0348 BTC | $5,804.03 | $75.90 |
2026-12-23 | 0 BTC | 0.0009 BTC | 0.0009 BTC | 0.036 BTC | 0.0357 BTC | $6,062.45 | $78.86 |
2027-01-23 | 0 BTC | 0.0009 BTC | 0.0009 BTC | 0.0369 BTC | 0.0366 BTC | $6,331.82 | $81.93 |
2027-02-23 | 0 BTC | 0.0009 BTC | 0.0009 BTC | 0.0378 BTC | 0.0375 BTC | $6,603.57 | $85.13 |
2027-03-23 | 0 BTC | 0.0008 BTC | 0.0008 BTC | 0.0386 BTC | 0.0383 BTC | $6,851.17 | $88.45 |
2027-04-23 | 0 BTC | 0.0009 BTC | 0.0009 BTC | 0.0395 BTC | 0.0392 BTC | $7,127.71 | $91.90 |
2027-05-23 | 0 BTC | 0.0008 BTC | 0.0008 BTC | 0.0403 BTC | 0.04 BTC | $7,397.69 | $95.48 |
2027-06-23 | 0 BTC | 0.0008 BTC | 0.0008 BTC | 0.0411 BTC | 0.0408 BTC | $7,679.12 | $99.21 |
2027-07-23 | 0 BTC | 0.0008 BTC | 0.0008 BTC | 0.0418 BTC | 0.0416 BTC | $7,953.86 | $103.07 |
2027-08-23 | 0 BTC | 0.0008 BTC | 0.0008 BTC | 0.0426 BTC | 0.0423 BTC | $8,240.26 | $107.09 |
2027-09-23 | 0 BTC | 0.0007 BTC | 0.0007 BTC | 0.0433 BTC | 0.0431 BTC | $8,529.18 | $111.27 |
2027-10-23 | 0 BTC | 0.0007 BTC | 0.0007 BTC | 0.044 BTC | 0.0437 BTC | $8,811.23 | $115.61 |
2027-11-23 | 0 BTC | 0.0007 BTC | 0.0007 BTC | 0.0447 BTC | 0.0444 BTC | $9,105.25 | $120.12 |
2027-12-23 | 0 BTC | 0.0007 BTC | 0.0007 BTC | 0.0454 BTC | 0.0451 BTC | $9,392.28 | $124.80 |
2028-01-23 | 0 BTC | 0.0007 BTC | 0.0007 BTC | 0.046 BTC | 0.0457 BTC | $9,691.49 | $129.67 |
2028-02-23 | 0 BTC | 0.0006 BTC | 0.0006 BTC | 0.0467 BTC | 0.0464 BTC | $9,993.33 | $134.73 |
2028-03-23 | 0 BTC | 0.0006 BTC | 0.0006 BTC | 0.0472 BTC | 0.047 BTC | $10,278.18 | $139.98 |
2028-04-23 | 0 BTC | 0.0006 BTC | 0.0006 BTC | 0.0478 BTC | 0.0476 BTC | $10,585.35 | $145.44 |
2028-05-23 | 0 BTC | 0.0006 BTC | 0.0006 BTC | 0.0484 BTC | 0.0481 BTC | $10,885.22 | $151.11 |
2028-06-23 | 0 BTC | 0.0006 BTC | 0.0006 BTC | 0.049 BTC | 0.0487 BTC | $11,197.80 | $157.01 |
2028-07-23 | 0 BTC | 0.0005 BTC | 0.0005 BTC | 0.0495 BTC | 0.0492 BTC | $11,502.97 | $163.13 |
2028-08-23 | 0 BTC | 0.0005 BTC | 0.0005 BTC | 0.05 BTC | 0.0497 BTC | $11,821.07 | $169.49 |
2028-09-23 | 0 BTC | 0.0005 BTC | 0.0005 BTC | 0.0505 BTC | 0.0503 BTC | $12,141.97 | $176.10 |
2028-10-23 | 0 BTC | 0.0005 BTC | 0.0005 BTC | 0.051 BTC | 0.0508 BTC | $12,455.25 | $182.97 |
2028-11-23 | 0 BTC | 0.0005 BTC | 0.0005 BTC | 0.0515 BTC | 0.0512 BTC | $12,781.81 | $190.11 |
2028-12-23 | 0 BTC | 0.0005 BTC | 0.0005 BTC | 0.052 BTC | 0.0517 BTC | $13,100.62 | $197.52 |
2029-01-23 | 0 BTC | 0.0005 BTC | 0.0005 BTC | 0.0524 BTC | 0.0522 BTC | $13,432.95 | $205.23 |
2029-02-23 | 0 BTC | 0.0004 BTC | 0.0004 BTC | 0.0529 BTC | 0.0526 BTC | $13,768.19 | $213.23 |
2029-03-23 | 0 BTC | 0.0004 BTC | 0.0004 BTC | 0.0533 BTC | 0.053 BTC | $14,073.65 | $221.55 |
2029-04-23 | 0 BTC | 0.0004 BTC | 0.0004 BTC | 0.0537 BTC | 0.0534 BTC | $14,414.81 | $230.19 |
2029-05-23 | 0 BTC | 0.0004 BTC | 0.0004 BTC | 0.0541 BTC | 0.0538 BTC | $14,747.87 | $239.16 |
2029-06-23 | 0 BTC | 0.0004 BTC | 0.0004 BTC | 0.0545 BTC | 0.0542 BTC | $15,095.04 | $248.49 |
2029-07-23 | 0 BTC | 0.0004 BTC | 0.0004 BTC | 0.0549 BTC | 0.0546 BTC | $15,433.97 | $258.18 |
2029-08-23 | 0 BTC | 0.0004 BTC | 0.0004 BTC | 0.0552 BTC | 0.055 BTC | $15,787.27 | $268.25 |
2029-09-23 | 0 BTC | 0.0004 BTC | 0.0004 BTC | 0.0556 BTC | 0.0553 BTC | $16,143.68 | $278.71 |
2029-10-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0559 BTC | 0.0557 BTC | $16,491.61 | $289.58 |
2029-11-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0563 BTC | 0.056 BTC | $16,854.31 | $300.88 |
2029-12-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0566 BTC | 0.0563 BTC | $17,208.38 | $312.61 |
2030-01-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0569 BTC | 0.0566 BTC | $17,577.47 | $324.80 |
2030-02-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0572 BTC | 0.057 BTC | $17,949.79 | $337.47 |
2030-03-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0575 BTC | 0.0572 BTC | $18,289.04 | $350.63 |
2030-04-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0578 BTC | 0.0575 BTC | $18,667.93 | $364.30 |
2030-05-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0581 BTC | 0.0578 BTC | $19,037.82 | $378.51 |
2030-06-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0584 BTC | 0.0581 BTC | $19,423.40 | $393.27 |
2030-07-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0586 BTC | 0.0583 BTC | $19,799.81 | $408.61 |
2030-08-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0589 BTC | 0.0586 BTC | $20,192.18 | $424.55 |
2030-09-23 | 0 BTC | 0.0003 BTC | 0.0003 BTC | 0.0591 BTC | 0.0589 BTC | $20,587.99 | $441.11 |
2030-10-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0594 BTC | 0.0591 BTC | $20,974.40 | $458.31 |
2030-11-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0596 BTC | 0.0593 BTC | $21,377.20 | $476.18 |
2030-12-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0598 BTC | 0.0596 BTC | $21,770.42 | $494.75 |
2031-01-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0601 BTC | 0.0598 BTC | $22,180.31 | $514.05 |
2031-02-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0603 BTC | 0.06 BTC | $22,593.80 | $534.10 |
2031-03-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0605 BTC | 0.0602 BTC | $22,970.55 | $554.93 |
2031-04-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0607 BTC | 0.0604 BTC | $23,391.33 | $576.57 |
2031-05-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0609 BTC | 0.0606 BTC | $23,802.11 | $599.06 |
2031-06-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0611 BTC | 0.0608 BTC | $24,230.30 | $622.42 |
2031-07-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0613 BTC | 0.061 BTC | $24,648.32 | $646.69 |
2031-08-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0614 BTC | 0.0612 BTC | $25,084.06 | $671.91 |
2031-09-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0616 BTC | 0.0613 BTC | $25,523.62 | $698.12 |
2031-10-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0618 BTC | 0.0615 BTC | $25,952.74 | $725.34 |
2031-11-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.062 BTC | 0.0617 BTC | $26,400.05 | $753.63 |
2031-12-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0621 BTC | 0.0618 BTC | $26,836.72 | $783.03 |
2032-01-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0623 BTC | 0.062 BTC | $27,291.92 | $813.56 |
2032-02-23 | 0 BTC | 0.0002 BTC | 0.0002 BTC | 0.0624 BTC | 0.0621 BTC | $27,751.10 | $845.29 |
2032-03-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0626 BTC | 0.0623 BTC | $28,184.42 | $878.26 |
2032-04-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0627 BTC | 0.0624 BTC | $28,651.70 | $912.51 |
2032-05-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0628 BTC | 0.0626 BTC | $29,107.86 | $948.10 |
2032-06-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.063 BTC | 0.0627 BTC | $29,583.37 | $985.07 |
2032-07-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0631 BTC | 0.0628 BTC | $30,047.57 | $1,023.49 |
2032-08-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0632 BTC | 0.063 BTC | $30,531.45 | $1,063.41 |
2032-09-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0634 BTC | 0.0631 BTC | $31,019.58 | $1,104.88 |
2032-10-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0635 BTC | 0.0632 BTC | $31,496.10 | $1,147.97 |
2032-11-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0636 BTC | 0.0633 BTC | $31,992.82 | $1,192.74 |
2032-12-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0637 BTC | 0.0634 BTC | $32,477.74 | $1,239.26 |
2033-01-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0638 BTC | 0.0635 BTC | $32,983.21 | $1,287.59 |
2033-02-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0639 BTC | 0.0637 BTC | $33,493.11 | $1,337.81 |
2033-03-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.064 BTC | 0.0638 BTC | $33,957.71 | $1,389.98 |
2033-04-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0641 BTC | 0.0639 BTC | $34,476.60 | $1,444.19 |
2033-05-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0642 BTC | 0.064 BTC | $34,983.14 | $1,500.51 |
2033-06-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0643 BTC | 0.064 BTC | $35,511.17 | $1,559.03 |
2033-07-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0644 BTC | 0.0641 BTC | $36,026.64 | $1,619.84 |
2033-08-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0645 BTC | 0.0642 BTC | $36,563.96 | $1,683.01 |
2033-09-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0646 BTC | 0.0643 BTC | $37,105.99 | $1,748.65 |
2033-10-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0647 BTC | 0.0644 BTC | $37,635.13 | $1,816.84 |
2033-11-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0648 BTC | 0.0645 BTC | $38,186.71 | $1,887.70 |
2033-12-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0648 BTC | 0.0646 BTC | $38,725.17 | $1,961.32 |
2034-01-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0649 BTC | 0.0646 BTC | $39,286.46 | $2,037.81 |
2034-02-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.065 BTC | 0.0647 BTC | $39,852.66 | $2,117.29 |
2034-03-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0651 BTC | 0.0648 BTC | $40,368.56 | $2,199.86 |
2034-04-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0651 BTC | 0.0649 BTC | $40,944.73 | $2,285.66 |
2034-05-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0652 BTC | 0.0649 BTC | $41,507.21 | $2,374.80 |
2034-06-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0653 BTC | 0.065 BTC | $42,093.53 | $2,467.41 |
2034-07-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0653 BTC | 0.065 BTC | $42,665.90 | $2,563.64 |
2034-08-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0654 BTC | 0.0651 BTC | $43,262.54 | $2,663.63 |
2034-09-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0655 BTC | 0.0652 BTC | $43,864.41 | $2,767.51 |
2034-10-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0655 BTC | 0.0652 BTC | $44,451.97 | $2,875.44 |
2034-11-23 | 0 BTC | 0.0001 BTC | 0.0001 BTC | 0.0656 BTC | 0.0653 BTC | $45,064.43 | $2,987.58 |
Contract not yet ended. Projected price/BTC: $10,733,150.76 |