tokenized mining, computed
data as of 2026-08-30How it works is on the Explained page; where every number comes from is on Method. This page moves every lever: sell-price assumption included. The homepage shows the same engine with the standard question.
The calculator above runs on four cost lines. Three are bills; the fourth is a force. Together they decide whether your machines produce income — here they are for the default example ($1,000 at $40 per TH = 25 TH, 15 W/TH, no discount), which you can reproduce by pressing Run:
All four lines are deducted from gross before you see a net number — the calculator never shows the gross as if it were yours.
Every dollar you put into mining is a dollar you did not put into Bitcoin itself. That is the honest benchmark: the question is never "does mining pay something back?" — almost anything pays something — but "does mining leave me with more money than simply buying Bitcoin with the same dollars on the same day and waiting the same time?". Holding is the opportunity cost of mining, and it is a high bar: one tap, zero fees, zero maintenance, and Bitcoin keeps 100% of every price move.
Run the default example and the bar shows its teeth: $1,000 in the miner produces about 0.001014 BTC over the year after all fees (≈ $79 at the starting price), while $1,000 of plain Bitcoin buys 0.0128 BTC on day one and just sits there. On the flat-price path holding ends about $921 ahead. Mining only closes that gap through price moves it does not cause — the mined Bitcoins are worth more when Bitcoin rises — or through a resale value you assume yourself. Both levers are in the calculator, honestly labeled as assumptions.
This comparison frame is the site's core conviction: mining is a Bitcoin-producing machine, not a price bet — the machines produce nearly the same Bitcoin regardless of where the price goes (only the fee lines move slightly with price, because dollar fees are deducted in Bitcoin at the daily rate). Whether that production is worth more than the coins you could have bought outright is exactly what the table above computes, per price path, with no promised number anywhere.
Both outcomes are reachable in this model, and the levers above decide which one you are in. Neither direction is a prediction — each is a condition you can check with your own numbers:
Holding wins when the fee bill out-earns no coin. Concretely, in the default example (25 TH, no discount, difficulty +20%): the miner keeps roughly 0.001014 BTC of the year's production after fees while 0.0128 BTC sat in your wallet instead. As long as the resale lever stays at zero, holding ends ahead in all three price paths — by $643 on the down path, $921 flat, $1,312 up. Cheap electricity, a fat maintenance discount, or a smaller difficulty year narrow that gap; they do not flip it at today's rates. Break-even on the purchase itself sits at ≈108 months at start rates — labeled as such, and drifting further out with every difficulty retarget.
Mining wins when the exit price of the machines holds up and the fee lines shrink. Two documented levers flip the flat-price path in the example: the observed 28.26% maintenance discount (a real account figure, retrieved 2026-08-30 — yours may be smaller; the calculator takes one number) plus the observed +9% power growth from reinvesting payouts (63-day account window, retrieved 2026-08-30) bring the flat-path gap down from −$921 to −$845; and an assumed resale of 91% of purchase price — today's observed secondary-market level, roughly, after the documented 5% seller fee: cheapest listing ≈96% of primary, seller nets ≈91% (retrieved 2026-08-30 with an account session) — carries the model to +$65 on the flat path, −$305 up, +$320 down. Note the shape: mining wins when Bitcoin falls and loses when it soars, because the resale leg is a bet on demand for hashrate, not on Bitcoin's price. That is the counter-intuitive core, and it is why the table shows three paths and not one.
The decisive honesty rule: the resale value imports the hashrate cycle into your result — anyone who paid cycle-top prices for TH is holding machines that secondary buyers price differently today (the secondary market has seen ~58% drawdowns from prior peaks). The 91–96% resale figures above were observed at one point in the cycle (2026-08-30) and are not stable properties of the market. A useful discipline for your own inputs: compute the resale fraction at which mining exactly ties holding for your other settings (r*) — at the calculator's own defaults that tie sits at 92% of purchase price over 12 months — and treat that as the question your exit price must answer, not as a prediction that it will.
The most-circulated illustration in this niche is a "1 TH digital miner" example that several explainer sites have carried since mid-2024 — one of them, a widely syndicated piece (ForkLog EN, published 2024-07-19, linked here, retrieved 2026-08-30), states it like this in substance: the 1-TH miner earns $1.70 a month (2,428 satoshis) at a $70,000 Bitcoin price, pays $0.64 in maintenance, keeps $1.06 — and then the same block switches units and calls the discounted result $1.15 per day.
The dollars are internally consistent — as monthly values. One line later the unit becomes "per day" without any conversion. A reader who projects "$1.15/day" into a year expects about $418 of net income from 1 TH; the example's own monthly arithmetic supports about $13–14 of net per year. That is roughly a 30-fold overstatement, born not from bad data but from a unit slip between two sentences.
Here is the same illustration, corrected with today's inputs and our engine, step by step (network difficulty 125.81 T, Bitcoin $78,102, block reward 3.125 BTC — live values at page-load baseline, 2026-08-30; every step recomputable with the formulas on the Method page):
| Step | 1 TH, 20 W/TH, $0.05/kWh, no discount |
|---|---|
| Gross: 1 TH of a 907 EH network, 144 blocks × 3.125 BTC | ≈ 50.0 sat/day ≈ $1.19 per month gross |
| Electricity: 20 W × 24 h ÷ 1000 × $0.05 | $0.024/day ≈ $0.73/month |
| Service: $0.0089 per TH per day | $0.0089/day ≈ $0.27/month |
| Net after maintenance | ≈ 7.8 sat/day ≈ $0.19 per month ≈ $2.24 per year |
The corrected example at its original 2024 inputs (BTC $70,000, difficulty ≈85 T): net ≈ 27 sat/day ≈ $0.57 per month — the "$1.15 per day" claim overstates that setting's reality about 30-fold as well. And note how time moved through the example: at unchanged vendor rates, the same 1 TH that netted $0.57 a month in mid-2024 nets $0.19 a month today — difficulty grew while the copy did not.
Correction policy (project rule): sources named by name, original linked, retrieval date shown, every step recomputable, tone strictly factual — the unit error is provable arithmetic, and that is all we say. If the source corrects its page, this note gains a "corrected on <date>" line instead of disappearing.
It depends on numbers you can check, and this page exists so you can check them. With the default example — $1,000 of mining power at documented rates, nothing resold — holding simply buying Bitcoin ends ahead in all three price paths at 2026-08-30 rates; the gap closes only with a meaningful maintenance discount, reinvestment growth, or a resale value you must assume. Run your own numbers above; the read-out sentences under the table state each path's result, so nothing depends on trusting anyone's "it depends".
You can own mining power without owning hardware — that is exactly what a tokenized miner is: the vendor runs the machines, your token is a share of their output (see Explained). What you cannot escape is paying for the hardware's running costs: the electricity and service lines in your daily payout are your share of the data-center bill, whatever the marketing called "passive". No home device, no power contract of yours — but also no free electricity.
Your output depends on your share of the whole network, and a spike shrinks the share. Doubling difficulty halves the Bitcoins your TH earn at the same block reward — the calculator takes difficulty growth up to 100% over your horizon so you can stress-test exactly this. The default +20% is an assumption, not a forecast; history's answer lies on the Log page, where the real account's difficulty steps are visible week by week.
They change the fee bill, which is the second-biggest lever after electricity. Paying fees in the platform token, a VIP level and a daily click can knock up to ~29% off maintenance; the observed account total is 28.26% (retrieved 2026-08-30). In the default example, that discount lifts net from $0.30 to about $0.49 per day — it does not change the structure of the comparison, and the stacking rule behind it is not published, so the calculator takes one number you enter, never a promise.
Deliberately excluded in this version: every figure on this page is a pre-tax number, and a "with taxes" variant is a later, separately sourced page. In one sentence: in many jurisdictions mined Bitcoin and later sales are taxable events, and taxes can eat 20–40% of results — which can flip close comparisons, so do not treat these tables as your after-tax answer.
This page is built and maintained by the NetPerHash project (domain registered 2026-08-28) — a one-person, non-commercial effort to make tokenized mining checkable instead of marketable. The account numbers shown here belong to the operator's own mining account and are published figure-by-figure with per-figure approval; no wallet addresses, deposit addresses or balances appear anywhere. Every pre-filled value carries its source and retrieval date inline; every formula is on the Method page; the validated model is audited month by month on the Log page.
Update log.
[Further entries appended here with dates as sources are re-verified monthly and figures move.]
Page state: built 2026-08-30. All numbers on this page are computed in your browser from a single calculation engine that is verified by automated tests (see self-test). Sources retrieved 2026-08-30 unless marked live.