What drives a Digital Miner’s profitability
A GoMining miner earns a share of the Bitcoin rewards every day, in proportion to its hashrate. What you actually keep depends on five parameters:
| Parameter | Effect on profitability |
|---|---|
| Hashrate (TH) | More TH, more gross rewards. |
| Efficiency (W/TH) | Fewer watts per TH, lower electricity fees. |
| Maintenance discount | Lowers daily fees depending on your level and payment method. |
| Bitcoin price | Changes the dollar value of rewards and the weight of fees. |
| Purchase price | Sets how long it takes to pay the miner back. |
Bitcoin network difficulty matters too: when it rises, each TH produces slightly fewer satoshis.
The calculation, step by step
- Gross reward: pool reward per TH × the miner’s hashrate.
- Electricity fee: depends on hashrate, efficiency and the rate set by GoMining.
- Service fee: a cost per TH, also set by the platform.
- Discount: reduces the total fees.
- Net reward = gross reward − (electricity + service − discount).
For profitability, you then compare the cumulative net reward with the price paid for the miner. Each term is explained in our guide to rewards calculation.
Why calculating by hand isn’t enough
Doing this for one miner is manageable. For a farm of dozens of miners bought at different prices and rates, it quickly becomes unmanageable, and every Bitcoin move means starting over. Generic simulators have another problem: they ignore your actual discount and the efficiency of each of your miners.
The GreedyHQ profitability calculator
GreedyHQ starts from your own data to calculate a realistic profitability:
- one entry for the whole farm: the pool reward and your discount, read in GoMining, apply to all your miners;
- an efficiency per miner, so electricity fees are accurate;
- a Bitcoin price slider to see the effect of a rise or fall instantly;
- a projection per day, month and year;
- the real result of your resales, sale fees included.
Before a purchase, the purchase assistant also estimates the best efficiency level based on cost versus profitability, and simulates the cost of a hashrate or W/TH upgrade.
Keep in mind: any estimate relies on today’s conditions. The Bitcoin price, network difficulty and GoMining’s rates change; real profitability can therefore differ from the simulation.
Improving your farm’s profitability
- Compare miners on price per TH and efficiency, not just on price.
- Check your maintenance discount: it affects every single day of mining. Lowering maintenance fees
- Simulate an efficiency upgrade before paying for it: it isn’t always worth it.
- Watch the secondary market to buy at the right price.
Frequently asked questions
How do I calculate the profitability of a GoMining miner?
Multiply the pool reward per TH by the miner’s hashrate, subtract electricity and service fees, add the discount, then compare the cumulative total with the purchase price.
Is the GreedyHQ calculator free?
You can use it for free during the trial, with every feature. It is free with no time limit for GoMining referrals who signed up with the code tNIdY.
Why does my real reward differ from the estimate?
The Bitcoin price, network difficulty and maintenance rates change every day. An estimate is only valid for current conditions.
What is the most important parameter?
Price per TH and energy efficiency weigh the most over time: a cheap but inefficient miner can earn less than a more expensive one.
Sign up on GoMining with our link (code tNIdY): GoMining gives you +5% hashrate on your first purchase, and your GreedyHQ access becomes free and unlimited.
GreedyHQ is an independent tool: it is not affiliated with, sponsored by or run by GoMining. Estimates are indicative and are not investment advice.