Home / Bitcoin miners / Bitmain Antminer R4 / Profitability history
What the Bitmain Antminer R4 (8.7 TH/s) produced each month hosted in Nigeria at 4.5¢/kWh with 73.6% uptime, valued at each month’s own bitcoin price. Since Feb 2017: 0.97195 BTC mined, $5,520 of revenue, $2,515 of electricity.
Today: -$0.52 a day after electricity and $257,975 of electricity per bitcoin mined, hosted in Nigeria at 4.5¢/kWh, as of Nov 13, 2026 with bitcoin at $69,011. Today's profitability at each site. Mining output depends on bitcoin's price, network difficulty and uptime, and is not guaranteed. Nothing here is investment advice.
| Month | Bitcoin mined | Avg BTC price | Revenue | Electricity | Profit | Cost per BTC |
|---|---|---|---|---|---|---|
| Feb 2017 | 0.07538 | $1,067 | $80.24 | $14.81 | $65.43 | $196 |
| Mar 2017 | 0.10153 | $1,139 | $116.22 | $21.86 | $94.35 | $215 |
| Apr 2017 | 0.09038 | $1,202 | $108.77 | $21.16 | $87.62 | $234 |
| May 2017 | 0.08949 | $1,853 | $163.72 | $21.86 | $141.85 | $244 |
| Jun 2017 | 0.07334 | $2,627 | $192.61 | $21.16 | $171.45 | $288 |
| Jul 2017 | 0.05985 | $2,456 | $147.04 | $21.86 | $125.18 | $365 |
| Aug 2017 | 0.05879 | $3,833 | $227.23 | $21.86 | $205.37 | $372 |
| Sep 2017 | 0.04919 | $4,088 | $201.40 | $21.16 | $180.24 | $430 |
| Oct 2017 | 0.04271 | $5,238 | $223.54 | $21.86 | $201.68 | $512 |
| Nov 2017 | 0.03429 | $7,707 | $261.86 | $21.16 | $240.70 | $617 |
| Dec 2017 | 0.02836 | $14,666 | $414.09 | $21.86 | $392.22 | $771 |
| Jan 2018 | 0.02078 | $12,955 | $272.45 | $21.86 | $250.59 | $1,052 |
| Feb 2018 | 0.01468 | $9,531 | $139.29 | $19.75 | $119.55 | $1,345 |
| Mar 2018 | 0.01493 | $9,149 | $136.86 | $21.86 | $115.00 | $1,464 |
| Apr 2018 | 0.01290 | $7,879 | $101.05 | $21.16 | $79.90 | $1,641 |
| May 2018 | 0.01184 | $8,442 | $100.49 | $21.86 | $78.62 | $1,846 |
| Jun 2018 | 0.00935 | $6,792 | $63.54 | $21.16 | $42.38 | $2,263 |
| Jul 2018 | 0.00950 | $7,012 | $66.10 | $21.86 | $44.24 | $2,302 |
| Aug 2018 | 0.00760 | $6,741 | $51.22 | $21.86 | $29.35 | $2,877 |
| Sep 2018 | 0.00696 | $6,617 | $46.13 | $21.16 | $24.97 | $3,041 |
| Oct 2018 | 0.00686 | $6,476 | $44.47 | $21.86 | $22.60 | $3,185 |
| Nov 2018 | 0.00800 | $5,454 | $43.27 | $21.16 | $22.12 | $2,645 |
| Dec 2018 | 0.00946 | $3,725 | $35.20 | $21.86 | $13.34 | $2,312 |
| Jan 2019 | 0.00907 | $3,710 | $33.64 | $21.86 | $11.78 | $2,411 |
| Feb 2019 | 0.00787 | $3,693 | $29.13 | $19.75 | $9.38 | $2,508 |
| Mar 2019 | 0.00817 | $3,947 | $32.22 | $21.86 | $10.36 | $2,676 |
| Apr 2019 | 0.00780 | $5,121 | $39.91 | $21.16 | $18.75 | $2,712 |
| May 2019 | 0.00764 | $7,081 | $53.65 | $21.86 | $31.78 | $2,862 |
| Jun 2019 | 0.00674 | $9,137 | $60.72 | $21.16 | $39.57 | $3,140 |
| Jul 2019 | 0.00573 | $10,676 | $61.32 | $21.86 | $39.46 | $3,813 |
| Aug 2019 | 0.00485 | $10,477 | $50.78 | $21.86 | $28.92 | $4,512 |
| Sep 2019 | 0.00402 | $9,916 | $40.04 | $21.16 | $18.88 | $5,259 |
| Oct 2019 | 0.00382 | $8,452 | $32.31 | $21.86 | $10.45 | $5,725 |
| Nov 2019 | 0.00375 | $8,395 | $31.56 | $21.16 | $10.40 | $5,636 |
| Dec 2019 | 0.00391 | $7,244 | $28.32 | $21.86 | $6.46 | $5,593 |
| Jan 2020 | 0.00361 | $8,211 | $29.55 | $21.86 | $7.69 | $6,048 |
| Feb 2020 | 0.00313 | $9,674 | $30.25 | $20.45 | $9.80 | $6,544 |
| Mar 2020 | 0.00353 | $6,909 | $24.08 | $21.86 | $2.22 | $6,185 |
| Apr 2020 | 0.00323 | $7,187 | $23.20 | $21.16 | $2.04 | $6,546 |
| May 2020 | 0.00239 | $9,216 | $22.05 | $21.86 | $0.19 | $9,129 |
| Jun 2020 | 0.00160 | $9,531 | $15.28 | $21.16 | -$5.88 | $13,207 |
| Jul 2020 | 0.00154 | $9,591 | $14.77 | $21.86 | -$7.09 | $14,190 |
| Aug 2020 | 0.00158 | $11,641 | $18.38 | $21.86 | -$3.49 | $13,846 |
| Sep 2020 | 0.00132 | $10,663 | $14.13 | $21.16 | -$7.03 | $15,975 |
| Oct 2020 | 0.00135 | $11,832 | $16.10 | $21.86 | -$5.76 | $16,222 |
| Nov 2020 | 0.00135 | $16,636 | $22.45 | $21.16 | $1.29 | $15,620 |
| Dec 2020 | 0.00133 | $21,898 | $29.13 | $21.86 | $7.27 | $16,384 |
| Jan 2021 | 0.00128 | $34,406 | $43.97 | $21.86 | $22.10 | $17,121 |
| Feb 2021 | 0.00109 | $46,322 | $50.43 | $19.75 | $30.69 | $18,093 |
| Mar 2021 | 0.00120 | $53,803 | $64.47 | $21.86 | $42.61 | $18,224 |
| Apr 2021 | 0.00115 | $57,118 | $65.33 | $21.16 | $44.17 | $18,465 |
| May 2021 | 0.00116 | $46,752 | $53.31 | $21.86 | $31.45 | $18,869 |
| Jun 2021 | 0.00152 | $35,709 | $53.97 | $21.16 | $32.81 | $13,963 |
| Jul 2021 | 0.00190 | $34,390 | $65.27 | $21.86 | $43.41 | $11,479 |
| Aug 2021 | 0.00163 | $45,712 | $74.03 | $21.86 | $52.17 | $13,438 |
| Sep 2021 | 0.00134 | $45,680 | $61.08 | $21.16 | $39.92 | $15,836 |
| Oct 2021 | 0.00128 | $57,667 | $73.55 | $21.86 | $51.69 | $17,117 |
| Nov 2021 | 0.00110 | $60,677 | $67.08 | $21.16 | $45.92 | $19,156 |
| Dec 2021 | 0.00107 | $49,476 | $53.21 | $21.86 | $31.35 | $20,351 |
| Jan 2022 | 0.00101 | $41,157 | $41.54 | $21.86 | $19.68 | $21,733 |
| Feb 2022 | 0.00084 | $40,609 | $34.11 | $19.75 | $14.36 | $23,534 |
| Mar 2022 | 0.00092 | $41,967 | $38.42 | $21.86 | $16.56 | $23,875 |
| Apr 2022 | 0.00086 | $41,628 | $35.62 | $21.16 | $14.46 | $24,730 |
| May 2022 | 0.00083 | $31,836 | $26.57 | $21.86 | $4.71 | $26,224 |
| Jun 2022 | 0.00082 | $24,464 | $20.04 | $21.16 | -$1.11 | $25,807 |
| Jul 2022 | 0.00089 | $21,434 | $19.03 | $21.86 | -$2.83 | $24,653 |
| Aug 2022 | 0.00090 | $22,474 | $20.15 | $21.86 | -$1.72 | $24,405 |
| Sep 2022 | 0.00078 | $19,816 | $15.43 | $21.16 | -$5.72 | $27,172 |
| Oct 2022 | 0.00073 | $19,627 | $14.38 | $21.86 | -$7.48 | $29,828 |
| Nov 2022 | 0.00067 | $17,674 | $11.89 | $21.16 | -$9.27 | $31,429 |
| Dec 2022 | 0.00073 | $16,950 | $12.30 | $21.86 | -$9.57 | $30,142 |
| Jan 2023 | 0.00070 | $20,120 | $14.03 | $21.86 | -$7.83 | $31,169 |
| Feb 2023 | 0.00058 | $23,300 | $13.52 | $19.75 | -$6.23 | $34,044 |
| Mar 2023 | 0.00058 | $25,056 | $14.54 | $21.86 | -$7.32 | $37,573 |
| Apr 2023 | 0.00052 | $28,850 | $14.96 | $21.16 | -$6.20 | $40,806 |
| May 2023 | 0.00059 | $27,508 | $16.32 | $21.86 | -$5.54 | $36,886 |
| Jun 2023 | 0.00049 | $27,690 | $13.60 | $21.16 | -$7.56 | $43,057 |
| Jul 2023 | 0.00049 | $30,078 | $14.65 | $21.86 | -$7.21 | $44,884 |
| Aug 2023 | 0.00048 | $27,892 | $13.36 | $21.86 | -$8.51 | $45,703 |
| Sep 2023 | 0.00045 | $26,296 | $11.85 | $21.16 | -$9.30 | $46,926 |
| Oct 2023 | 0.00043 | $29,625 | $12.76 | $21.86 | -$9.10 | $50,621 |
| Nov 2023 | 0.00043 | $36,499 | $15.58 | $21.16 | -$5.58 | $49,583 |
| Dec 2023 | 0.00046 | $42,426 | $19.57 | $21.86 | -$2.30 | $47,452 |
| Jan 2024 | 0.00039 | $42,920 | $16.63 | $21.86 | -$5.23 | $56,425 |
| Feb 2024 | 0.00032 | $49,503 | $15.53 | $20.45 | -$4.92 | $64,897 |
| Mar 2024 | 0.00032 | $67,612 | $21.65 | $21.86 | -$0.21 | $68,242 |
| Apr 2024 | 0.00028 | $65,967 | $18.28 | $21.16 | -$2.88 | $76,619 |
| May 2024 | 0.00016 | $65,088 | $10.27 | $21.86 | -$11.60 | $138,613 |
| Jun 2024 | 0.00016 | $66,005 | $10.60 | $21.16 | -$10.55 | $132,027 |
| Jul 2024 | 0.00016 | $62,733 | $9.89 | $21.86 | -$11.98 | $138,565 |
| Aug 2024 | 0.00014 | $60,064 | $8.64 | $21.86 | -$13.22 | $151,994 |
| Sep 2024 | 0.00014 | $60,182 | $8.14 | $21.16 | -$13.02 | $156,433 |
| Oct 2024 | 0.00014 | $65,540 | $9.30 | $21.86 | -$12.56 | $153,890 |
| Nov 2024 | 0.00012 | $86,295 | $10.63 | $21.16 | -$10.53 | $171,624 |
| Dec 2024 | 0.00012 | $98,317 | $11.88 | $21.86 | -$9.99 | $181,027 |
| Jan 2025 | 0.00012 | $99,947 | $11.52 | $21.86 | -$10.34 | $189,614 |
| Feb 2025 | 0.00010 | $95,565 | $9.78 | $19.75 | -$9.97 | $192,928 |
| Mar 2025 | 0.00011 | $85,023 | $9.58 | $21.86 | -$12.28 | $194,049 |
| Apr 2025 | 0.00010 | $86,331 | $8.73 | $21.16 | -$12.43 | $209,066 |
| May 2025 | 0.00010 | $103,376 | $10.82 | $21.86 | -$11.04 | $208,858 |
| Jun 2025 | 0.00010 | $105,726 | $10.24 | $21.16 | -$10.92 | $218,517 |
| Jul 2025 | 0.00010 | $115,184 | $11.79 | $21.86 | -$10.08 | $213,350 |
| Aug 2025 | 0.00010 | $114,924 | $11.20 | $21.86 | -$10.66 | $224,287 |
| Sep 2025 | 0.00009 | $113,009 | $10.00 | $21.16 | -$11.16 | $239,037 |
| Oct 2025 | 0.00008 | $114,290 | $9.62 | $21.86 | -$12.24 | $259,632 |
| Nov 2025 | 0.00008 | $96,532 | $7.65 | $21.16 | -$13.51 | $266,752 |
| Dec 2025 | 0.00008 | $89,008 | $7.52 | $21.86 | -$14.34 | $258,724 |
| Jan 2026 | 0.00009 | $90,557 | $7.81 | $21.86 | -$14.05 | $253,257 |
| Feb 2026 | 0.00008 | $69,035 | $5.79 | $19.75 | -$13.95 | $235,287 |
| Mar 2026 | 0.00009 | $69,617 | $6.21 | $21.86 | -$15.66 | $245,120 |
| Apr 2026 | 0.00009 | $73,507 | $6.52 | $21.16 | -$14.64 | $238,773 |
| May 2026 | 0.00009 | $78,032 | $7.27 | $21.86 | -$14.60 | $234,909 |
| Jun 2026 | 0.00009 | $63,237 | $5.83 | $21.16 | -$15.32 | $229,308 |
| Jul 2026 | 0.00010 | $63,709 | $6.20 | $21.86 | -$15.67 | $224,896 |
| Aug 2026 | 0.00010 | $69,262 | $6.87 | $21.86 | -$14.99 | $220,371 |
| Sep 2026 | 0.00009 | $80,390 | $7.56 | $21.16 | -$13.60 | $224,918 |
| Oct 2026 | 0.00009 | $82,327 | $7.55 | $21.86 | -$14.32 | $238,669 |
| Nov 2026 | 0.00004 | $76,090 | $2.70 | $9.17 | -$6.47 | $258,134 |
Profit is over electricity only and does not repay the machine, shipping, import or setup. Bitmain Antminer R4 price history · Bitmain Antminer R4 specifications and price