Electricity Cost for Crypto Mining
Updated April 2026
Electricity is the single largest ongoing cost for crypto miners. A difference of just $0.05/kWh can turn a profitable operation into a money-losing one. This guide breaks down electricity costs by region and shows you exactly how your rate affects mining profitability.
Electricity Rates by Region
| Region | Avg $/kWh | Mining Viability |
|---|---|---|
| Kazakhstan / Iran | $0.02–0.04 | Excellent |
| USA (Texas industrial) | $0.03–0.06 | Excellent |
| Russia | $0.04–0.06 | Excellent |
| China (Sichuan hydro) | $0.03–0.05 | Excellent |
| Canada (Québec hydro) | $0.04–0.07 | Good |
| USA (average residential) | $0.10–0.15 | Marginal |
| Europe (average) | $0.15–0.30 | Difficult |
| Germany | $0.30–0.40 | Not viable |
| Australia | $0.20–0.35 | Not viable |
How to Calculate Your Mining Electricity Cost
Daily electricity cost = Power (watts) × 24 hours × $/kWh ÷ 1,000
Example: A 3,000W ASIC at $0.10/kWh = 3,000 × 24 × 0.10 ÷ 1,000 = $7.20/day
If the rig earns $15/day in mining revenue, your net profit is $15 - $7.20 = $7.80/day
Tips to Reduce Mining Electricity Costs
If you're running multiple rigs, contact your utility about commercial or industrial pricing. Rates of $0.04-0.07/kWh are common for large loads.
Some utilities offer cheaper rates during off-peak hours (nights, weekends). Configure your rigs to run at full power during cheap hours and reduce during expensive periods.
Solar panels can significantly reduce or eliminate electricity costs. A 10kW solar array can power 2-3 efficient ASICs during daylight hours at effectively $0/kWh.
Mining rigs produce significant heat. In cold climates, this can offset heating costs, effectively reducing the net cost of electricity for mining.