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Fleet Profitability

Historical Profitability Analysis Across All Mining Hardware

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Historical Fleet Analysis
This page analyzes — historical ASIC models to understand profitability patterns across the entire industry. Adjust the energy price assumption to see how mining economics change over time. Data is pre-computed and cached for performance—heavy calculations run on-demand.
ANALYSIS PARAMETERS
Energy Cost
Price
Release Year Range
to
Manufacturers
Total Models
—
analyzed
Manufacturers
—
brands
Always Profitable
—
models to date
Avg Profitable %
—
of lifetime
Median Profitable %
—
of lifetime
Data Range
—
analysis period
PROFITABILITY BY CALENDAR DATE
Daily Profit Across All ASICs (USD) White dashed line = average · Shaded area = 95% confidence band
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PROFITABILITY BY DAYS SINCE LAUNCH
Profit Decay After Release (USD) Shows how profitability changes as ASICs age · Vertical line = average zero-cross
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Avg Zero-Cross
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days until unprofitable
Longest Profitable
—
—
Shortest Profitable
—
—
Average Days
—
profitable (matured)
ALWAYS-PROFITABLE ASICS
These ASICs have never had an unprofitable day since their release at the current energy price assumption. They represent the most resilient mining hardware in the industry's history.
Always-Profitable Timeline Sorted by time in service (oldest at top)
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View Full Table (0 models)
Model Manufacturer Hashrate (TH/s) Efficiency (W/TH) Release Date Days Since Launch
PROFITABILITY TIMELINE (GANTT)
Visual timeline showing when each ASIC was profitable (purple) or unprofitable (red). Sorted by release date with newest at top. This is a computationally intensive visualization.
ASIC Profitability Gantt (Latest 50 Models)
Profitable
Unprofitable
Sorted by release date (newest at top)
ANALYSIS BY MANUFACTURER
Days Profitable by Manufacturer (Box Plot) Profitability duration across matured models · always-profitable models excluded (still ongoing)
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ANALYSIS BY RELEASE YEAR
Profitability % by Release Year Average percentage of lifetime spent profitable by ASIC release year
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DAYS PROFITABLE DISTRIBUTION
Distribution of profitable lifespan across ASICs that have reached unprofitability. Always-profitable models are excluded (their lifespan is right-censored — still ongoing).
Distribution Histogram Matured models only (excludes always-profitable)
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Statistical Bands Matured models only (excludes always-profitable)
Percentile Band Range (Days)
COST TO BUILD 1 EH/s
Estimated cost to deploy 1 EH/s (1,000,000 TH/s) of mining capacity using different efficiency cohorts. Based on current secondary market pricing estimates.
Infrastructure Cost by Efficiency Cohort
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Cohort Median Efficiency Median Hashrate Price/TH Cost per EH ASICs Needed Models
Methodology & Calculations

Daily Profit Calculation

For each ASIC model and each day since its release:

  • Daily BTC Mined = (ASIC Hashrate / Network Hashrate) × 144 blocks × Block Reward
  • Daily Revenue = Daily BTC Mined × BTC Price (on that day)
  • Daily Energy Cost = (Watts / 1000) × 24 hours × Energy Price (¢/kWh) / 100
  • Daily Profit = Daily Revenue − Daily Energy Cost

Block Rewards

Historical block rewards are adjusted for each halving epoch:

  • Before Nov 2012: 50 BTC
  • Nov 2012 - Jul 2016: 25 BTC
  • Jul 2016 - May 2020: 12.5 BTC
  • May 2020 - Apr 2024: 6.25 BTC
  • Apr 2024 onwards: 3.125 BTC

Zero-Cross Day

The "zero-cross day" is the first day when the average daily profit across all ASICs (at a given days-since-launch) becomes negative. This represents when the "typical" ASIC becomes unprofitable.

Always-Profitable ASICs

These are ASICs where every single day from release to present has had positive profit. This is typically only possible for very recent, highly efficient models.

Data Sources

  • Network hashrate: Derived from block difficulty
  • BTC price: Historical daily close prices
  • ASIC specifications: Manufacturer published data

Beta · Use at your own risk · Not investment advice

This site is beta software. All data, prices, charts, calculators, models and simulations are provided “as is”, with no guarantee of accuracy, completeness or timeliness, and may be delayed, incomplete or wrong. Calculations will be off, and some will be wrong. Nothing on this site is investment, financial, tax or legal advice, or an offer or solicitation to buy or sell any asset, security or equipment. Verify everything independently and consult a qualified professional before making any decision. To the fullest extent permitted by law, Elektron Energy accepts no liability for any loss arising from use of, or reliance on, this site.

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