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Data / What a bitcoin costs us to mine, against the market / 2015

What a bitcoin costs us to mine, against the market in 2015

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 2015 at $1.07 (January 1, 2015) and closed at $2.74 (December 31, 2015), up 155.7%. The high was $3.32 on December 28, 2015 and the low $0.90 on January 21, 2015.

Firsthand cost (Nigeria, 3.9¢), month by month in 2015

MonthMonth end
January 2015$0.99
February 2015$1.24
March 2015$1.13
April 2015$1.04
May 2015$1.16
June 2015$1.20
July 2015$1.22
August 2015$1.41
September 2015$1.79
October 2015$1.83
November 2015$1.89
December 2015$2.74

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 · 2014 · 2013

Also in 2015: 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

The full history · CSV