Mining Profitablity Calculations

I’m kind of a numbers guy with my background in fiber optic infrastructure so apologize in advance but I always evaluate performance vs profit/loss. I put a Numbers sheet (excel for you Microsoft folks) that I use to track energy cost vs. profit. The #1 driving un-controllable factor that changes the profit number is based on BTC Daily Price.

So I thought I’d share if anyone was interested in how to build one:

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BTC Daily Price - Script that calls current price of BTC.

Total BTC - the sum of all rows covering the month. (not shown in image)

Per Unit - Not really needed.

USD Amount - BTC Daily Price x Total BTC

Total Watts - Total number of watts being used by all miners

Daily KwH Usage - Total Watts / 1000 x 24 (24 hrs day)

Day KwH Usage - Daily KwH Usage x 31 ( days in the month)

Energy Cost - Daily KwH Usage X (what you pay per KwH in your area)

Profit/Loss - USD Amount - Energy Cost

You can use something like DuckDuckGo’s ChatGpt04 integration to write the script formula for the Daily BTC Price column/row that way every time you open the sheet the BTC price is current.

*The snippet image above shows my energy consummations/cost per month for 15Th/s (4 units).