Bitcoin Mining: How much do you really earn per day?

The idea is tempting: earning 50 million euros daily through Bitcoin mining. But this total amount is distributed among thousands of miners worldwide. The key question for anyone interested is: How much can I personally earn per day? The answer is more complex than it initially seems and depends on technical, economic, and geographic factors.

When it comes to Bitcoin mining per day, it’s not just about computational power but about a finely tuned system of incentives, costs, and competition. This guide reveals how mining really works and what realistic daily earnings are.

The Process Behind Daily Bitcoin Mining Earnings

The foundation of Bitcoin mining is a decentralized validation system. Computers solve complex cryptographic puzzles to confirm new transactions and add new blocks to the blockchain. Without this process, there would be no Bitcoin network, no transaction security, and no decentralization.

The blockchain functions like a digital ledger stored simultaneously on thousands of computers worldwide. Each of these computers (called nodes) holds an identical copy. To keep these copies synchronized, a consensus mechanism is needed—and this is where mining plays its central role.

Miners collect transactions, bundle them into blocks, and secure these through intensive mathematical calculations. Only the first to solve a specific mathematical puzzle can add the new block. For this, successful miners receive a reward—this is the economic incentive that keeps Bitcoin mining alive.

Proof of Work: The Technical Foundation of Mining Revenue

The system is called Proof of Work (PoW). It guarantees that no one can manipulate the network without investing enormous financial and energetic resources. The elegance lies in the asymmetry: solving the puzzle is extremely difficult and costly, but verifying the solution is trivial.

The key mathematical concept is the hash—a cryptographic function (SHA-256) that produces a unique “fingerprint” from any input data. Miners must find a specific value (the nonce) that, combined with transaction data, produces a hash starting with a certain number of zeros.

This is not an intelligent guessing game. It’s brute force: millions of attempts per second. The more computational power available, the faster the solution is found. The network adjusts the difficulty (Mining Difficulty) every 2,016 blocks—roughly every two weeks—to ensure new blocks are generated at an average rate of 10 minutes.

As the number of miners increases, the difficulty must be raised to maintain this 10-minute interval. By January 2025, the total network hash rate had already surpassed 800 exahashes per second (EH/s)—an exponential increase from under 2 EH/s in 2016.

Block Rewards: How Miners Earn Bitcoins Daily

When a miner successfully “mines” a block, they receive a two-part reward:

1. Newly created Bitcoins: This is the main component. New Bitcoins are introduced into circulation with each block.

2. Transaction fees: Additionally, the miner collects all fees paid by users to prioritize their transactions.

The size of the block reward follows a programmed pattern: it halves every four years through an event called “halving.”

Halving history and upcoming events:

• Genesis Block (January 3, 2009): 50 BTC per block
• First halving (November 28, 2012, Block 210,000): 25 BTC
• Second halving (July 9, 2016, Block 420,000): 12.5 BTC
• Third halving (May 11, 2020, Block 630,000): 6.25 BTC
• Fourth halving (April 26, 2024, Block 840,000): 3.125 BTC
• Next halving: Expected April 2028

This halving is intentional. It ensures that no more than 21 million Bitcoins will ever exist. It acts as a scarcity mechanism, protecting against inflation.

This also means: the longer it takes, the fewer new Bitcoins are created per block. Miner earnings from block rewards decrease steadily over time. This makes mining less profitable over time—unless the Bitcoin price rises significantly.

Practical Calculation: Bitcoin Mining Per Day in Germany

To understand how much you can earn daily, a concrete calculation is necessary. Let’s consider a realistic scenario for Germany:

Hardware: Antminer S19 Pro

• Hashrate: at least 110 terahashes per second (TH/s)
• Power consumption: 3,250 watts
• Purchase cost: $2,000–$5,000 USD

Electricity price: 28.27 cents per kWh (slightly below the German average) Bitcoin price: €100,000 (reference value)

Daily calculation:

• Daily power consumption: 3,250 W × 24 hours = 78 kWh
• Daily electricity cost: 78 kWh × €0.2827 = €22.05
• Estimated daily Bitcoin production: ~0.00022197 BTC
• Daily Bitcoin revenue: 0.00022197 BTC × €100,000 = €22.20
• Net daily profit: €22.20 – €22.05 = €0.15

This is a sobering reality. With a single high-end ASIC miner, you earn just about €0.15 per day in Germany—after already having spent over €2,000 on hardware. Additional costs for cooling, maintenance, and infrastructure are not included.

Even if Bitcoin’s price jumps to €120,000 tomorrow, the profit would only be about €0.30 daily. At €80,000, it would be a loss.

Why Mining Pools: The Collective Earnings Model

Under these conditions, individual miners have virtually no chance. That’s why mining pools have emerged—groups of miners pooling their computational power.

The mechanism is simple: the more hashing power a pool has, the more often it finds blocks. Rewards are then shared proportionally to each member’s contributed hash rate.

Examples of major pools:

• F2Pool: One of the largest, offers Pay-Per-Share (PPS) payouts with a 2.5% fee
• Slush Pool: Also well-established, known for fair payout models

In a pool, miners receive more regular payments (daily or weekly) instead of waiting weeks, but after deducting pool fees. With a 2.5% fee, our example’s daily profit would decrease from €0.15 to approximately €0.146.

Cloud Mining as an Alternative: Opportunity and Risks

Another option is cloud mining—renting hashing power from large data centers without owning or operating hardware yourself. It sounds attractive but must be approached with caution.

The earning process remains the same: you get a share of the blocks found by the rented hash rate. The provider covers electricity, cooling, and maintenance.

Reality check: profit margins are minimal. After deducting all costs, there’s often little left. There’s also a higher risk of scams—many cloud mining providers have disappeared after collecting payments.

Mining Profitability: Geographic Realities

Daily profitability heavily depends on electricity costs. Germany’s 28+ cents per kWh make mining unprofitable.

In contrast, other regions offer much lower costs:

• Kuwait: ~0.03 USD per kWh
• Venezuela, Uzbekistan, Sudan: also very low electricity prices
• Iceland: uses geothermal energy, extremely cheap
• China: long a mining hub (before regulations)

In Kuwait, the same calculation with an Antminer S19 Pro at a Bitcoin price of €100,000 would look like:

• Daily electricity cost: 78 kWh × €0.04 = €3.12
• Daily Bitcoin earnings: €22.20
• Daily profit: €22.20 – €3.12 = €19.08

This is a fundamental difference. With multiple miners and stable electricity prices, mining can be profitable there. But it requires capital: multiple devices, professional cooling, and proper site management.

The Energy Reality of Bitcoin Mining

Remember: one Bitcoin consumes about 266,000 kWh of energy—roughly the annual electricity consumption of a single-family home.

The entire Bitcoin network consumes around 100–120 TWh annually—some estimates go up to 150–170 TWh. For comparison, Germany consumes about 450 TWh per year.

A key point: about one-third to 40% of the electricity used for mining comes from renewable sources. Solar and wind energy are increasingly combined with mining operations, partly due to regulatory requirements.

Final Thought: The Realistic Perspective on Bitcoin Mining Per Day

The big numbers—50 million euros daily from Bitcoin mining—are correct but misleading for individuals. They are distributed among millions of miners, large mining farms, and pools.

The answer to “How much can I earn with Bitcoin mining per day?” varies by region:

• In Germany: With individual hardware, practically nothing or marginally negative returns
• In regions with cheap energy: With multiple devices and professional setups, 20–100+ euros daily per device
• On a large scale: Mining is a business, not a hobby

Bitcoin mining has evolved from a home computer hobby (2009–2014) to an industrial activity. Anyone wanting to mine profitably today needs expertise, capital, and geographic advantages. Otherwise, mining pools or cloud mining (with caution) are better options—or simply investing directly in Bitcoin instead of mining it.