Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2022
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 2022 at $2,411 (January 1, 2022) and closed at $3,497 (December 31, 2022), up 45.0%. The high was $3,662 on October 24, 2022 and the low $2,395 on January 6, 2022.
| Month | Month end |
|---|---|
| January 2022 | $2,642 |
| February 2022 | $2,788 |
| March 2022 | $2,809 |
| April 2022 | $2,952 |
| May 2022 | $2,963 |
| June 2022 | $2,930 |
| July 2022 | $2,745 |
| August 2022 | $2,998 |
| September 2022 | $3,101 |
| October 2022 | $3,648 |
| November 2022 | $3,617 |
| December 2022 | $3,497 |
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 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2022: 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