Bitcoin Mining Calculator
Investor Calculator v8

Own hashpower. Earn BTC - Straight to your Wallet.

Compare mining vs buying vs a blended approach with transparent assumptions and investor-grade outputs.

Quick compare
Mine vs Buy
Mine
Buy
Exposure
BTC + operational alpha
BTC price only
Volatility
Manageable with power and uptime
High (price only)
Operating risk
Controllable with contracts
None
Cost basis behavior
Driven by energy, not market
Spot cost basis
Liquidity
Medium (BTC held + resale)
High

Why mining can outperform

Cost basis control
Power‑linked BTC production

Low $/kWh can undercut spot over multi‑year holds.

Operational alpha
Uptime and efficiency levers

Better uptime and fleet tuning translate directly into BTC yield.

Reinvestment optionality
BTC earned, not just bought

Earned BTC can be held, sold, or redeployed into more hashpower.

How mining generates returns

Capex
Hashpower
BTC production
Costs/fees
BTC held/sold

What drives outcomes

BTC price
Cycle and drift dominate returns.
Difficulty/hashrate
Network growth reduces share.
Power price
$ / kWh is the largest cost input.
Uptime
Availability directly impacts BTC output.
Fees
Pool, hosting, and management stack.

Why mining wins in strong setups

Power advantage
Fixed, low‑cost energy

Secured power contracts create durable BTC production costs.

Infrastructure moat
Scale beats retail buying

Hosting and fleet scale improve uptime and unit economics.

Asset resilience
Residual hardware value

Hardware can be re‑sold or repurposed to reduce downside.

Risks & disclosures

Returns depend on BTC price, network difficulty, and operational execution. This calculator is scenario-based and pre-tax, with simplified assumptions.
Past performance and model outputs do not guarantee future results. Hardware performance, downtime, and counterparty risk can materially affect outcomes.