Mining Lab · Miners · Armenia
Household electricity in Armenia costs 9.6 cents per kilowatt-hour. That is rank 15 of 69 in Europe. What it means for a mining machine is below.
At 9.6 cents, 44 of the 126 machines pay off. That puts Armenia among the few countries in Europe where mining works at all on an ordinary meter. The business tariff of 9.1 cents looks different: there, 55 machines pay off.
| Model | TH/s | J/TH | Net/day | Break-even |
|---|---|---|---|---|
| Antminer S23 Hyd 3U | 1,160 | 9.5 | +13.97 € | 14.9 ct |
| SealMiner A4 Ultra Hyd | 886 | 9.4 | +10.78 € | 15.0 ct |
| Antminer S23e Hyd 2U | 865 | 10.0 | +9.42 € | 14.1 ct |
| Antminer S23 XP Hyd | 600 | 8.9 | +8.06 € | 15.9 ct |
| Antminer S23 Hydro | 563 | 10.0 | +6.13 € | 14.1 ct |
| SealMiner A4 Pro Hydro | 680 | 10.9 | +6.00 € | 13.0 ct |
| Antminer S21 XP+ Hyd | 500 | 11.0 | +4.24 € | 12.8 ct |
| Antminer S21e XP Hyd 3U | 860 | 13.0 | +3.43 € | 10.9 ct |
This figure is the pure electricity input needed to earn one whole bitcoin through the network, calculated with the most efficient machine in the comparison and the tariff above. Hardware, cooling, staff and downtime are not in it. If it sits above the bitcoin price, mining costs more than the result is worth.
Within Europe more than forty cents separate the cheapest household tariff from the dearest. That decides profit and loss far more sharply than any choice of machine. The neighbours by price:
Buy machines, grow hashpower, push power costs down. The same arithmetic as here, only without real money.
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