Price vs Profitability
See how a rig's daily revenue, cost, and profit move as the coin price moves — both upside scenarios and the downside floor where profit turns to zero.
What is a mining shutdown price?
The shutdown price is the coin price at which the revenue a rig produces exactly equals the electricity it consumes. At prices above it, you earn a profit; at prices below it, you lose money with every kilowatt-hour you spend. Miners plan around it to decide when to keep machines running through a downturn and when to unplug them.
How it's calculated
Mining revenue scales roughly linearly with coin price — double the price, double the daily
revenue in USD (holding network hashrate and block reward constant). Electricity cost is fixed
in USD regardless of coin price: power (W) × 24 × $/kWh ÷ 1000. So profit is
revenue × (scenario_price / current_price) − cost, and the shutdown price drops
straight out of that equation: shutdown_price = current_price × (cost / current_revenue).
This page evaluates the formula at a grid of prices from −50% to +50% of today's quoted price (or whatever range you set with the slider) and highlights the row where profit turns negative. Real-world shutdowns happen a little above that boundary because miners also want to recover capital costs, not just keep the lights on.
Why the shutdown price matters
- Risk planning. If a coin is trading 20% above a rig's shutdown price, you have a thin margin before a sell-off forces you to unplug. Know the gap before you buy.
- Electricity contract leverage. Halving your $/kWh doesn't just double profit — it also roughly halves the shutdown price, meaning the rig survives much deeper bear markets. Hosting at $0.05/kWh vs $0.10/kWh is often the difference between running through a downturn and selling at a loss.
- Efficiency ceiling. A 15 J/TH ASIC has roughly half the shutdown price of a 30 J/TH ASIC on the same coin at the same electricity rate. The efficient rig mines profitably deeper into a bear market.
- Difficulty is the invisible twin. If network hashrate grows while coin price is flat, your rig's revenue shrinks — effectively raising the shutdown price. Treat the number here as a snapshot, not a fixed floor.