|Power consumed||4,905 kWh|
Ethereum is a blockchain app platform and cryptographic currency. This calculator estimates profits from Ethereum mining by forecasting costs and future market conditions. See the sections below for more details on the methodology. If this calculator helped you earn money, or avoid losing money, then consider making a donation!
All calculations assume that mining begins immediately at the given difficulty. The default starting difficulty is the current network difficulty obtained from etherscan.io. Difficulty is then assumed to increase daily at a rate implied by the specified biweekly rate. For example, the default biweekly growth rate is 6.18%, which was approximately the average biweekly increase starting after the block reward adjustment in October 2017 and ending in January 2018, and this in turn implies a daily increase of 0.429%.
The static reward for solving blocks is fixed over time at the given value (which is 3 ETH in January 2018). The USD exchange rate is held fixed, so the assumption is that all ETH revenues are held and exchanged for USD at the end of the time horizon at the given ETH/USD exchange rate. The default exchange rate is the daily volume-weighted average exchange rate obtained from Bitstamp. The default starting difficulty and exchange rate are updated periodically throughout the day. Transaction fees and uncle rewards are not included in the calculations.
The default hashrate, cost, and power consumption are based on a GPU mining rig with 4x Radeon RX 470 8GB cards (100 MH/s, $1,680, 560 W). The cost of electricity is taken to be $0.10 per kWh. Additional data on electricity rates is available in the US and EU.
The exchange rates, hash rates, power usage, revenue, cost, and profit projections and other quantities generated by this site are for educational purposes only and are not guaranteed to be accurate estimates of actual realized values.