Hey everyone,

I’ve been diving deeper into crypto mining lately, and it feels like things are getting more complicated as mining difficulty increases. It’s clear that having efficient hardware is critical, but I’ve realized it’s not just about the hardware anymore—it’s also about properly managing costs like electricity and understanding how to calculate profitability accurately.

I recently tried running some numbers for a setup, and I’m wondering if my calculations are on point. Here’s an example:

Setup Details:

Power Usage: 1000W
Electricity Cost: $0.10/kWh
Mining Efficiency: 0.01 BTC/day
Bitcoin Price: $30,000
Hardware Cost: $5,000
Calculations:

Daily Power Consumption: 1000W * 24 hours = 24 kWh
Daily Electricity Cost: 24 kWh * $0.10 = $2.40/day
Daily Profit: 0.01 BTC * $30,000 = $300
Net Profit (Daily): $300 - $2.40 = $297.60
With this setup, I’d theoretically break even on a $5,000 investment in about 17 days. But this seems almost too good to be true—am I missing something? Maybe there are other costs I haven’t factored in?

I’m also curious—what tools, spreadsheets, or methods do you guys use to calculate mining profitability? Are there any common mistakes I should avoid when running these numbers? Would love to hear your advice and experiences!

Thanks in advance for your input!