Firsthand Bitcoin · Data · Bitcoin miners
The electricity behind one mined bitcoin at our hosting rates against a typical 7.5¢ industrial rate, on the same machine.
$29,638 on Nov 6, 2026, against $31,106 a year earlier.
The same machine — a current 13.5 J/TH air miner — mining the same network on the same day, with only the price of electricity changed. The green line is our Nigeria rate of 3.9¢ per kWh, the blue is the 6¢ our UAE and Argentina sites run at, and the red is 7.5¢, which is a normal industrial hosting rate almost anywhere else.
The gap between green and red is the entire business. Every one of those lines mines exactly the same number of coins; the only thing that differs is what the power cost, and at the bottom of a cycle that difference decides who is still mining and who has switched off.
Where the bitcoin price, on the same scale, sits above a line, that machine at that rate is producing coins for less than they cost to buy. The steps are halvings cutting the subsidy in two; the drift upward between them is the network growing. Electricity only — hardware, freight and hosting margin are not in these lines, and neither is anyone else’s.
| Month | Firsthand cost (Nigeria, 3.9¢) |
|---|---|
| Dec 2025 | $29,568 |
| Jan 2026 | $28,264 |
| Feb 2026 | $28,837 |
| Mar 2026 | $26,736 |
| Apr 2026 | $27,051 |
| May 2026 | $27,755 |
| Jun 2026 | $26,680 |
| Jul 2026 | $25,148 |
| Aug 2026 | $25,157 |
| Sep 2026 | $26,467 |
| Oct 2026 | $29,628 |
| Nov 2026 | $29,638 |
2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Data: CSV · JSON. Embed: <iframe src="https://firsthandbitcoin.com/embed/cost-to-mine" width="100%" height="420"></iframe>. Free to reuse with a link to this page.
Updated daily. Latest data 2026-11-06.
Hashprice · Miner revenue · Miner prices per terahash · Bitmain releases and the bitcoin price · Break-even electricity price · Hashprice in bitcoin