Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2014
The electricity behind one mined bitcoin at our hosting rates against a typical 7.5¢ industrial rate, on the same machine.
Firsthand cost (Nigeria, 3.9¢) opened 2014 at $0.04 (January 1, 2014) and closed at $1.07 (December 31, 2014), up 2701.2%. The high was $1.17 on November 1, 2014 and the low $0.03 on January 3, 2014.
| Month | Month end |
|---|---|
| January 2014 | $0.07 |
| February 2014 | $0.10 |
| March 2014 | $0.12 |
| April 2014 | $0.21 |
| May 2014 | $0.30 |
| June 2014 | $0.44 |
| July 2014 | $0.56 |
| August 2014 | $0.75 |
| September 2014 | $0.83 |
| October 2014 | $1.06 |
| November 2014 | $1.11 |
| December 2014 | $1.07 |
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.
Other years: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2013
Also in 2014: Bitcoin price · Distance from the all-time high · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Bitmain releases and the bitcoin price · Break-even electricity price · Hash ribbons