Charts: Multipool Mining Costs
*Numbers in Thousands
The "Multipool" chart is a powerful tool designed to help researchers analyze and compare mining costs across different mining pools. By understanding key mining metrics such as power consumption, exchange rates, and Bitcoin mining difficulty, miners can make informed decisions to optimize their mining profits.
How to effectively utilize this chart:
Key Features
- Hover Over Data Points - Move your cursor over the chart to reveal specific insights, such as Bitcoin mining profitability, network hash rate, pool fees, and electricity costs.
- Zoom In and Out - Adjust your view by zooming in to focus on short-term fluctuations or zooming out to observe long-term trends in Bitcoin mining hashrate and mining revenue.
- Compare Multiple Mining Pools - Display and contrast the marginal costs, transaction fees, and mining rewards of various mining pools to determine the most cost-efficient option.
- View Data in Table Format - The table features a date column along with headers for each mining pool. It allows users to track the progression of marginal costs over time, similar to the chart, but presents the data in a more organized, tabular format.
Customize Your Analysis
To tailor the chart to your specific mining setup, use the "Adjust Chart Settings" feature:
- Pick Your ASIC Model - Select devices such as the Bitmain Antminer to view power consumption, electricity costs, and projected mining revenue.
- Select Your Location - Factor in regional electricity costs and cheap electricity availability to calculate profitability.
- Choose Sector Type - Compare costs across industrial, commercial, or residential electricity rates.
Understanding the Data
The chart displays marginal mining costs and accounts for multiple factors, including:
- Indivisula pools fees and payout model
- Bitcoin Mining Difficulty and current difficulty trends
- Mining revenue calculations based on the latest block reward and network hash rate
- Cost analysis of advanced mining rigs, including Bitcoin Mining Hardware Watts and Bitcoin Mining Hardware Cost
- Impact of transaction fees on overall mining profitability
Time Frame & Data Access
- Free Users - Access daily mining data for the past month.
- NOSTR Users - Access daily mining data of all avaiable ASICS for the past year.
- Pro Users - Gain insights from up to 16 years of historical data, providing a long-term view of Bitcoin mining difficulty, mining reward trends, and electricity price fluctuations.
Reliable Data Sources
All mining cost estimates are derived from blockchain analysis and authoritative sources such as the U.S. Department of Statistics and the International Energy Agency (IEA). This ensures that mining profitability calculations reflect real-world energy consumption and mining machine efficiency.
Why This Chart Matters
- Identify True Mining Costs - Understand the actual expenses associated with mining Bitcoin across different ASIC models and mining pools.
- Evaluate Network Security - A higher Bitcoin mining difficulty and increased block reward can indicate stronger network security.
- Find Efficient Options - Compare mining pools to find the best combination of mining hardware device efficiency, electricity price, and mining rewards.
Conclusion
Whether you are an independent miner or part of a mining pool, the "Multipool" chart is an essential tool for understanding the economics of Bitcoin mining. By analyzing Bitcoin mining hardware cost, network hash rate, mining profitability, and electricity costs, you can refine your mining strategy for long-term success in the competitive world of crypto mining.