Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2020
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 2020 at $658 (January 1, 2020) and closed at $2,050 (December 31, 2020), up 211.4%. The high was $2,076 on October 8, 2020 and the low $556 on March 18, 2020.
| Month | Month end |
|---|---|
| January 2020 | $800 |
| February 2020 | $770 |
| March 2020 | $669 |
| April 2020 | $755 |
| May 2020 | $1,287 |
| June 2020 | $1,541 |
| July 2020 | $1,555 |
| August 2020 | $1,691 |
| September 2020 | $2,001 |
| October 2020 | $1,577 |
| November 2020 | $1,856 |
| December 2020 | $2,050 |
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 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2020: 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