Bitcoin Mining Calculator. For Altcoin Calculators click on the links below
Mining cryptocurrencies is an ever-changing market and as such, your profit can go up and down depending on several factors, many of which are out of your control. The profitability of a currency depends on the dollar exchange rate, the current mining difficulty, and how much cash you paid for miners and set-up. The new tax law of 2017 allows US taxpayers to deduct 100% of the cost of new hardware, software, set-up and installation costs. Depending on your tax rate Uncle Sam will pay up-front as much as 53% of your purchase price, and the cash return is considered a return of capital up to the full purchse price and is not either reportable or taxable. For many people entering this business is simply irresistible. The road to crypto wealth and the Mining Bonanza has never been easier. Sure beats the effort the 49’s had to put up with! You also need to take into account your electricity usage, or maintenance fees. It can get very complicated very quickly. We’ve put together a list of frequently asked questions if you’re looking for more than how profitable the currencies can be.
The calculators embedded are designed to make this process simple. All you need to do is input the information and Bitcoin Bonanza gives you projected profits per day, per week, per month and per year. There are more currencies coming soon, so check back soon!
Our patron site MINING BONANZA has access to unlimited natural gas and can provide electrical power for$0.035/kWh or about 1/4 of the average cost in the USA. This is even less than in China and it’s 24/7/365, not dependent on rainfall or seasonal runoff. They have also developed a new miner based on the Bitmain S9 that mines at 90 THs and use just 3300W power.
While you can perform calculations for any miner available, you should compare this to the miners and power offered by MINING BONANZA, which is, a set forth above:
- Hash Power: 90 TH/s
- Power Cost: $0.035/kWh
- Machine Cost: $4,000*