Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2018
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 2018 at $104 (January 1, 2018) and closed at $299 (December 31, 2018), up 187.6%. The high was $406 on September 25, 2018 and the low $104 on January 1, 2018.
| Month | Month end |
|---|---|
| January 2018 | $139 |
| February 2018 | $168 |
| March 2018 | $180 |
| April 2018 | $209 |
| May 2018 | $236 |
| June 2018 | $245 |
| July 2018 | $294 |
| August 2018 | $342 |
| September 2018 | $361 |
| October 2018 | $393 |
| November 2018 | $259 |
| December 2018 | $299 |
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 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2018: 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