Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2016
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 2016 at $2.43 (January 1, 2016) and closed at $17 (December 31, 2016), up 588.2%. The high was $18 on December 12, 2016 and the low $2.39 on January 16, 2016.
| Month | Month end |
|---|---|
| January 2016 | $3.88 |
| February 2016 | $3.76 |
| March 2016 | $4.22 |
| April 2016 | $4.75 |
| May 2016 | $4.91 |
| June 2016 | $5.26 |
| July 2016 | $8.52 |
| August 2016 | $12 |
| September 2016 | $11 |
| October 2016 | $14 |
| November 2016 | $14 |
| December 2016 | $17 |
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 · 2015 · 2014 · 2013
Also in 2016: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · 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