Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2021
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 2021 at $2,072 (January 1, 2021) and closed at $2,382 (December 31, 2021), up 15.0%. The high was $2,477 on May 4, 2021 and the low $1,173 on July 7, 2021.
| Month | Month end |
|---|---|
| January 2021 | $1,746 |
| February 2021 | $1,969 |
| March 2021 | $2,168 |
| April 2021 | $2,271 |
| May 2021 | $1,983 |
| June 2021 | $1,223 |
| July 2021 | $1,502 |
| August 2021 | $1,614 |
| September 2021 | $1,882 |
| October 2021 | $2,022 |
| November 2021 | $2,216 |
| December 2021 | $2,382 |
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 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2021: 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