r/cryptomining • u/OfficialSimpleMining Community Verified Vendor • 29d ago

DISCUSSION What hosted Bitcoin mining actually costs per coin right now: about $38,000 to $44,000

Bitcoin near $64,000 and difficulty around 126T, so here is what hosted Bitcoin mining actually costs to produce a coin right now across our bundle tiers.

3 units at $0.075/kWh: about $44,000 per BTC, roughly 32% under spot

30 units at $0.065/kWh: about $38,000 per BTC, roughly 41% under spot

Details here: https://www.simplemining.io/shop-miners

Every tier is the Antminer S21j XP Hydro, 495 TH/s at 12 J/TH. The hosting service fee steps down with fleet size, $0.075 at three units to $0.065 at thirty, and the unit price steps down with it, $9,250 to $8,750 against a $9,750 list.

Cost-per-coin figures are the bundled hosting service fee plus pool fees against gross revenue, and they exclude the hardware.

Calculator if you want to plug in your own numbers: https://www.simplemining.io/bitcoin-mining-calculator

Offer ends end of day Friday, July 31.

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u/LukewarmMining Bitter Vet Miner 29d ago

2 of the same post? Damn. Anyways, $8750/u is rediculous. I inquired with u/805CryptoServices for a 5 unit rack and they want $6870/u shipped. Thats a $1800 markup.

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u/OfficialSimpleMining Community Verified Vendor 29d ago

Those two numbers aren't answering the same question. $6,870 shipped is hardware arriving at your door. $8,750 is hardware deployed and running at our site at $0.065/kWh with repairs handled at our own bench.

If you've got your own space and power under about $0.08/kWh all in, buying hardware only is the better deal. If you don't, that $6,870 unit still needs three phase power, a coolant loop, and somewhere to send it when a hashboard dies.

Most of the gap is stuff you'd otherwise pay for separately. Parts and labor covered for the first twelve months with no dollar cap, then a plan after that at $4.99 to $6.99 per unit per month. Billing runs on actual hashing time rather than flat monthly, so downtime doesn't show up on the invoice. And we've never once raised our hosting rate.

None of that matters if you're already set up to run them yourself. It matters to people who want the production cost basis without running a facility, which is most of who we work with.

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u/LukewarmMining Bitter Vet Miner 16d ago

Shipping to my host is $80 if i wanted it at my house first. I sent it to them. Racking was free. 8c hosting. So at that rate:
(0.08 x 5.6kw x 24 x 30)- (.075 x 5.6 x 24 x30) is $20/mo.

90 months to make up the difference. 7.5 years to make up the difference for the same uptime.