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What Would It Cost to Build a Mining Rig Today?



In the article, the mining pool notes that there a wide range of individual variables determine mining profitability. Poolin has created a mining profit estimator that breaks down these factors to better understand which rig is the best value.


It is important to note that electricity costs vary widely from place-to-place, and are the most significant factor in long-term mining costs. Thus, more power hungry rigs that also produce a higher hash rate may be more suitable for areas with cheaper electricity, but less so where this cost would be higher.


Related Reading: Which Mining Pool Should You Join


Critical to all mining operations is the “break even” factor, which the mining estimator seeks to determine. This is the value of cryptocurrency that must be produced for the cost of the rig to be paid for. For example, one featured Bitcoin mining rig costs USD $1,767 to build and operate and generates $4.56 in profit per day at current prices. Thus, it would need to run for 387 days to become profitable. Factored into this number are electricity costs.


Also, however, is the fact that even after breaking even the rigs will consume electricity. Thus, they will only remain profitable as long as they produce enough crypto to cover this cost. Poolin refers to this as the “shutdown price.” Determining when a rig has crossed this threshold can be very tricky. Read More...