Mining Lab · Miners · United Kingdom
Household electricity in United Kingdom costs 34.1 cents per kilowatt-hour. That is rank 63 of 69 in Europe. What it means for a mining machine is below.
At 34.1 cents not one of the 126 machines pays off on a domestic meter. For the best of them to reach profit the tariff would have to sit below 15.9 cents. No household tariff in United Kingdom does. The business tariff of 26.8 cents does not change that either. Which is why the usual route is a data centre: at around 8 cents in hosting, 80 machines pay off, and that is exactly where professional mining sits.
| Model | TH/s | J/TH | Net/day | Break-even |
|---|---|---|---|---|
| Bitaxe Gamma 602 | 1.3 | 11.5 | -0.08 € | 12.3 ct |
| Nerdaxe Ultra | 0.5 | 26.0 | -0.09 € | 5.4 ct |
| Bitaxe Gamma 601 | 1.2 | 15.0 | -0.11 € | 9.4 ct |
| Nerdaxe Gamma 601 | 1.2 | 15.0 | -0.11 € | 9.4 ct |
| BTC Solo Lite 1.2T | 1.2 | 19.2 | -0.15 € | 7.4 ct |
| Bitaxe GT 800 | 2.4 | 14.6 | -0.20 € | 9.7 ct |
| Thor X1 | 2.1 | 21.9 | -0.31 € | 6.5 ct |
| NerdQaxe++ | 4.8 | 15.6 | -0.45 € | 9.0 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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