Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2017
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 2017 at $17 (January 1, 2017) and closed at $103 (December 31, 2017), up 516.1%. The high was $103 on December 31, 2017 and the low $15 on January 9, 2017.
| Month | Month end |
|---|---|
| January 2017 | $21 |
| February 2017 | $25 |
| March 2017 | $28 |
| April 2017 | $26 |
| May 2017 | $30 |
| June 2017 | $37 |
| July 2017 | $43 |
| August 2017 | $47 |
| September 2017 | $51 |
| October 2017 | $50 |
| November 2017 | $79 |
| December 2017 | $103 |
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 · 2016 · 2015 · 2014 · 2013
Also in 2017: 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