Mining and GPUs. One set of books. One price list

Bitcoin mining calculator

Choose your fleet. Adjust your costs. See your break-even.

No sign-upInstant estimatesYour inputs stay local

Your mining cost, in context

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From one estimate to your whole fleet

See this for every site you run.

Flash brings your payouts and costs together, with profit and break-even for every site and machine group.

Results are estimates, not financial advice. Starting costs are illustrative. Network conditions and BTC price are fetched separately and dated below the result. Calculations run in your browser; operating inputs are not sent to Flash.

Read the boundaries

Three tiers. Three different questions.

01

Electricity

Power to produce one BTC, nothing else.

02

Site cash cost

Electricity + hosting + pool fees + maintenance + site labor + other site opex. Excludes depreciation, corporate overhead, financing, tax and stock compensation.

03

Full operating cost

Site cash cost + mining-asset depreciation + cash corporate overhead allocated to mining. Still excludes financing, income tax, stock compensation, treasury revaluation and impairment.

About the comparison

Public-miner comparisons cover electricity only. Site cash and full operating costs use the costs in your setup. Company figures come from the linked filings; example operating costs are illustrative assumptions.

Companies report different site boundaries and power-credit treatments. The source table below explains the scope of each figure.

How the estimate works

We model 30 days at the entered hashrate, uptime, efficiency and difficulty. Expected gross BTC equals hashrate × time online × (block subsidy + assumed transaction fees) ÷ (difficulty × 2³²), with hashrate converted to hashes per second. Subsidy follows block height and halves every 210,000 blocks. The default transaction-fee assumption is zero (subsidy only). This produces less estimated BTC and a higher cost per BTC than the same setup with positive transaction fees. You can enter a fee assumption under Network assumptions.

Power use equals hashrate × efficiency × hours online × facility multiplier. Monthly fixed costs continue during downtime. Pool fees are counted once as a cost valued at the BTC price; gross production is not reduced a second time. Site cash break-even is fixed and energy costs ÷ [gross BTC × (1 − pool fee)]. Full operating break-even adds depreciation and allocated cash overhead. Electricity break-even covers power alone.

Bundled hosting replaces the costs marked included. Its electricity component cannot be compared separately. The model assumes no idle power outside uptime; add unavoidable fixed power charges to other site opex. Hardware depreciation uses straight-line cost over useful life with zero residual value; booked depreciation can include infrastructure.

This is a model from what you typed, not your books. Current estimates and historical company results use different periods. A lower number is not a profitability forecast.

ASIC presets: BITMAIN S21 XP specifications · S21 Pro manual. Rated values at 25°C; actual draw and hashrate vary.

Open sources

Sources for the electricity comparison

Three sourced figures for Apr–Jun 2026, in USD per BTC. Scope notes explain what each figure covers.

Apr–Jun 2026 · USD per BTC
Company / periodTierFigureScope and limitationsSource
MARAApr–Jun 2026Electricity$38,690Purchased electricity at MARA’s owned and operated Bitcoin mining sites; hosted sites are excluded.Reported owned-site purchased-energy cost per BTC. The scope excludes the hosted fleet.Apr–Jun 2026 source ↗
CleanSparkApr–Jun 2026Electricity$44,317Electricity at CleanSpark’s owned Bitcoin mining facilities, divided by gross BTC including transaction fees.Uses the energy-only row; excludes $89/BTC of non-energy utilities in the headline direct-energy figure.Apr–Jun 2026 source ↗
Riot PlatformsApr–Jun 2026Electricity$46,313Power expense for Riot’s self-mining operations before power-curtailment credits, divided by reported BTC produced.Derived: $73.499 million power expense ÷ 1,587 BTC. Power credits are excluded; production follows the company’s reporting convention.Apr–Jun 2026 source ↗