How much can I make a day mining Bitcoin?

Bitcoin mining profitability depends on hashrate, electricity costs, and network difficulty; with current conditions, a 100 TH/s rig earns ~0.00018 BTC/day ($10.80 at $60k/BTC) before power costs.

Jul 23, 2025 at 02:50 pm

Understanding Bitcoin Mining and Daily Earnings Potential

Bitcoin mining involves using specialized hardware to solve complex cryptographic puzzles that validate transactions on the Bitcoin network. Miners who successfully add a new block to the blockchain are rewarded with newly minted 6.25 BTC per block, as of the last halving event in April 2024. This block reward is the primary source of income for miners. However, the actual amount an individual miner can earn in a day depends on several variables, including hashrate, electricity costs, hardware efficiency, and network difficulty.

The total network hashrate—the combined computational power of all miners globally—continuously increases, making mining more competitive. As difficulty adjusts approximately every two weeks, individual miners must account for this fluctuation when estimating daily profits. Earnings are not guaranteed and can vary significantly based on these dynamic conditions.

Calculating Potential Daily Income

To estimate how much you can earn mining Bitcoin in a day, you need to calculate your share of the total network hashrate. This involves comparing your mining hardware’s hashrate to the total network hashrate. For example, if the total network hashrate is 500 exahashes per second (EH/s) and your mining rig operates at 100 terahashes per second (TH/s), your contribution is minimal.

Use the following formula to estimate daily earnings:

• Daily BTC Earned = (Your Hashrate / Total Network Hashrate) × Blocks per Day × Block Reward

There are approximately 144 blocks mined per day (one every 10 minutes). If you plug in the numbers:

• (100 TH/s ÷ 500 EH/s) × 144 × 6.25 BTC
• Convert units: 500 EH/s = 500,000,000 TH/s
• (100 ÷ 500,000,000) × 144 × 6.25 ≈ 0.00018 BTC per day

At a Bitcoin price of $60,000, this equals roughly $10.80 per day before expenses.

Accounting for Electricity and Operational Costs

Mining profitability is heavily influenced by electricity cost, which varies by region. High-performance mining rigs consume substantial power. For example, an Antminer S19 Pro draws about 3,250 watts and has a hashrate of 110 TH/s. If your electricity rate is $0.10 per kWh, the daily power cost is:

• 3.25 kW × 24 hours × $0.10 = $7.80 per day

Subtracting this from the earlier estimated income of $10.80 leaves a net profit of only $3.00. In regions with higher electricity rates—such as $0.15/kWh—the cost rises to $11.70 per day, resulting in a net loss. Cooling, maintenance, and internet connectivity add further overhead, reducing net gains.

Joining a Mining Pool for Consistent Payouts

Solo mining is impractical for most individuals due to the astronomical network hashrate. Joining a mining pool allows miners to combine their computational power and receive proportional rewards based on contributed hashrate. Popular pools include F2Pool, Slush Pool, and Antpool.

To join:

• Choose a mining pool and create an account
• Configure your mining software (e.g., CGMiner, BFGMiner) with the pool’s server address, port, and your worker credentials
• Monitor dashboard statistics for hashrate, accepted shares, and payout history
• Payouts are typically distributed when a miner reaches a minimum threshold, often in the range of 0.001 BTC

Pools charge a fee, usually between 1% to 3%, deducted from your earnings. While pools increase payout frequency, they do not increase total earnings—they only smooth income distribution.

Using Online Mining Calculators for Accurate Projections

To simplify profit estimation, use online mining calculators such as WhatToMine, CryptoCompare, or NiceHash Profit Calculator. These tools require inputs like:

• Mining hardware model (e.g., Antminer S19j)
• Hashrate (e.g., 95 TH/s)
• Power consumption in watts
• Electricity cost per kWh
• Pool fee percentage
  

  The calculator outputs estimated daily, weekly, and monthly earnings in BTC and USD, factoring in current network difficulty and Bitcoin price. These tools update data in real time, providing a dynamic view of profitability. Always verify the calculator uses up-to-date difficulty and price feeds for accuracy.

  Impact of Hardware Choice on Daily Earnings

  
  The mining device you use directly affects profitability. Older models like the Antminer S9 are obsolete due to low hashrate and high power draw. Modern ASICs such as the Bitmain Antminer S21 or MicroBT WhatsMiner M50 offer superior efficiency.
  

  Efficiency is measured in joules per terahash (J/TH). Lower values mean more efficient hardware. For instance:

  • Antminer S19 XP: 25.5 J/TH
  • Antminer S21: 17 J/TH

  More efficient hardware reduces electricity costs per hash, increasing net profit. Purchasing new ASICs involves high upfront costs—often $3,000 to $5,000—and long lead times due to demand. Used hardware may be cheaper but carries risks of failure and higher maintenance.

  Frequently Asked Questions

  
  Can I mine Bitcoin profitably with a home GPU?
  No. Bitcoin mining requires ASIC hardware due to the extreme network difficulty. GPUs are ineffective and will consume more electricity than they earn in rewards.
  

  What happens if network difficulty increases?
  
  Higher difficulty means the same hashrate yields fewer rewards. If difficulty rises 10%, your daily earnings drop proportionally unless you increase computational power.

  Are cloud mining contracts a viable alternative?
  
  Most cloud mining services have poor transparency and high fees. Many are scams. Even legitimate providers rarely offer returns better than self-mining with efficient hardware.

  How often are mining rewards paid out by pools?
  
  Payout frequency depends on the pool’s policy and your hashrate. Some pools pay daily, others when a minimum threshold (e.g., 0.001 BTC) is reached. Check the pool’s payout rules before joining.