The Cost Everyone Forgets
First-time miners usually budget for the rig and call it a day. A new Antminer S19 Pro costs around $2,500. Easy. Then the bills arrive.
The Real Monthly Cost of Home Mining
Let us walk through what a single S19 Pro actually costs to run in a US suburban garage:
- Hardware amortization: $2,500 spread over 24 months = ~$104/month
- Electricity: 3.25 kW × 24 h × 30 days × $0.13/kWh = $304/month
- Cooling and ventilation: Add another ~15% to electricity = $46/month
- Replacement PSU, fans, hash boards: ~$20/month amortized
- Your time: Roughly 2 hours/month troubleshooting at $25/hour = $50/month
Total: about $524 per month, before you earn a single satoshi. And you still have to put up with the noise, heat, and a garage that sounds like a jet engine.
Cloud Mining: What You Are Actually Paying For
At CryptoMine, that same hash power costs you a flat plan price up front. We eat the electricity bill, the cooling, the hardware refresh cycles, and the 3 AM maintenance calls. You just watch the daily payouts roll in.
Home mining is a hobby. Cloud mining is an investment vehicle. Pick the one that matches your goal.
When Home Mining Still Makes Sense
If you live somewhere with cheap hydro or solar power ($0.05/kWh or less), enjoy the hardware, and have a dedicated space where noise and heat are not problems, home mining can absolutely beat cloud mining economically. For everyone else, the numbers lean the other way.