Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2023
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 2023 at $3,519 (January 1, 2023) and closed at $5,478 (December 31, 2023), up 55.7%. The high was $6,363 on December 2, 2023 and the low $2,917 on May 8, 2023.
| Month | Month end |
|---|---|
| January 2023 | $3,884 |
| February 2023 | $4,210 |
| March 2023 | $4,579 |
| April 2023 | $4,664 |
| May 2023 | $4,646 |
| June 2023 | $4,914 |
| July 2023 | $5,175 |
| August 2023 | $5,441 |
| September 2023 | $5,577 |
| October 2023 | $6,164 |
| November 2023 | $6,330 |
| December 2023 | $5,478 |
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 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2023: 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 · Miner prices per terahash · Bitmain releases and the bitcoin price