Firsthand Bitcoin · Data · Bitcoin miners
Data / What a bitcoin costs us to mine, against the market / 2025
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 2025 at $21,764 (January 1, 2025) and closed at $29,568 (December 31, 2025), up 35.9%. The high was $31,206 on November 2, 2025 and the low $21,451 on February 5, 2025.
| Month | Month end |
|---|---|
| January 2025 | $21,489 |
| February 2025 | $21,912 |
| March 2025 | $22,676 |
| April 2025 | $24,405 |
| May 2025 | $25,250 |
| June 2025 | $23,363 |
| July 2025 | $25,410 |
| August 2025 | $25,868 |
| September 2025 | $28,412 |
| October 2025 | $31,145 |
| November 2025 | $29,878 |
| December 2025 | $29,568 |
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 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2025: 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