Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2024
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 2024 at $5,463 (January 1, 2024) and closed at $21,787 (December 31, 2024), up 298.8%. The high was $21,787 on December 31, 2024 and the low $5,463 on January 1, 2024.
| Month | Month end |
|---|---|
| January 2024 | $6,675 |
| February 2024 | $7,593 |
| March 2024 | $8,124 |
| April 2024 | $16,030 |
| May 2024 | $15,094 |
| June 2024 | $16,284 |
| July 2024 | $17,127 |
| August 2024 | $17,696 |
| September 2024 | $17,489 |
| October 2024 | $17,017 |
| November 2024 | $20,032 |
| December 2024 | $21,787 |
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 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2024: 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