How much does a crypto miner make a week?

Crypto mining has become an increasingly popular way for people to earn money in the digital currency space. With the rises and falls of cryptocurrency values, many wonder just how profitable crypto mining can be on a weekly basis.

What is Cryptocurrency Mining?

Cryptocurrency mining involves using specialized computer hardware and software to solve complex math problems. When these problems are solved, miners are rewarded with cryptocurrency. This process is essential for confirming transactions and minting new cryptocurrencies.

Some of the most popular cryptocurrencies that can be mined include Bitcoin, Ethereum, Litecoin, and Monero. Each has its own unique mining process and requirements.

How Do Cryptocurrency Miners Make Money?

Cryptocurrency miners earn money in a few key ways:

  • Block rewards – When a miner solves the complex math problem to validate a block of transactions, they receive a reward of newly minted cryptocurrency. For Bitcoin, the current block reward is 6.25 BTC.
  • Transaction fees – Miners also earn the transaction fees associated with the transactions contained in the blocks they mine.
  • Appreciation of holdings – If a miner holds onto some of the coins they earn, their value may appreciate over time.

By mining and earning new cryptocurrency, selling holdings, and benefitting from appreciation, miners can make significant profits.

What Factors Determine Miner Profits?

There are several key factors that impact how much money a cryptocurrency miner can make each week:

  • Hashrate – The more hashrate (computing power) a miner has, the better their chances of solving blocks first and earning rewards.
  • Electricity costs – The energy costs for running mining rigs can drastically cut into profits. Miners in areas with cheaper electricity tend to earn higher margins.
  • Cryptocurrency price – When crypto prices are up, miner revenue benefits from appreciation of holdings and higher mining incentive value.
  • Mining difficulty – As more miners contribute hashrate to a network, mining difficulty increases, making block rewards harder to earn.
  • Pool fees – Most miners join pools which take a percentage fee of earnings, reducing individual profits.
  • Taxes – In many jurisdictions, mined cryptocurrency is considered taxable income.

With these factors in mind, actual miner profitability can vary greatly depending on individual circumstances.

Bitcoin Mining Profits

Bitcoin is the most valuable and widely known cryptocurrency. Here’s an overview of potential Bitcoin mining revenue and profits:

  • Current block reward: 6.25 BTC per block
  • Average BTC price: $20,000
  • Bitcoin blocks mined per day: 144 (on average)
  • Average total daily revenue: $18,000 ($20,000 x 6.25 BTC x 144 blocks)
  • Weekly revenue @ 7 days: Approximately $126,000

However, this does not account for mining costs. Assuming electricity costs of $0.10 per kWh, weekly power costs for a high-end Bitcoin mining rig can be around $2,100. Pool fees are typically around 2% of total rewards, meaning $2,500 weekly for a miner earning $126,000. After these and other expenses, weekly profits could be in the range of $100,000 for a top-tier Bitcoin miner.

Bitcoin Mining Revenue Over Time

Here’s how theoretical weekly revenue mining Bitcoin would look over the past few years based on changing variables:

Date BTC Price Mining Difficulty Block Reward Weekly Revenue
October 2020 $10,000 17.34 trillion 6.25 BTC $90,000
March 2021 $55,000 21.52 trillion 6.25 BTC $495,000
November 2021 $65,000 21.99 trillion 6.25 BTC $585,000
July 2022 $22,000 26.95 trillion 6.25 BTC $198,000

This table illustrates how factors like BTC price, mining difficulty, and block reward size impact weekly revenues over time. Higher prices and lower mining difficulty leads to greater profits.

Ethereum Mining Revenue

Ethereum is the second-largest cryptocurrency and is also mineable. Here is a look at potential ETH mining revenue:

  • Current block reward: 2 ETH per block
  • Average ETH price: $1,500
  • Ethereum blocks mined per day: 6,400 (on average)
  • Average total daily revenue: $19,200,000 ($1,500 x 2 ETH x 6,400 blocks)
  • Weekly revenue @ 7 days: Approximately $134,400,000

At an average electricity cost of $0.10 per kWh, a high-end ETH mining rig might have weekly power costs around $3,500. With a 2% pool fee, weekly fees would be around $2.7 million. After expenses, Ethereum miners might clear $130,000,000 per week on average.

Ethereum Mining Revenue Over Time

Date ETH Price Mining Difficulty Block Reward Weekly Revenue
January 2020 $130 2.5 TH 2 ETH $6,720,000
April 2021 $2,500 5.3 TH 2 ETH $130,000,000
August 2022 $1,800 9.0 TH 2 ETH $92,160,000

Like with Bitcoin mining, Ethereum mining profitability fluctuates based on factors like ETH price, mining difficulty, hashrate, and expenses.

Litecoin Mining Revenue

Here are the potential earnings mining Litecoin (LTC):

  • Current block reward: 12.5 LTC per block
  • Average LTC price: $55
  • Litecoin blocks mined per day: 576
  • Average total daily revenue: $239,400 ($55 x 12.5 LTC x 576 blocks)
  • Weekly revenue @ 7 days: Around $1,675,800

At electricity costs of $0.10 per kWh, weekly power for a Litecoin mining rig may be around $1,500. With a 2% pool fee, weekly earnings would be reduced by about $33,500. Therefore, after costs, weekly profits from Litecoin mining could be roughly $1,640,800 on average.

Litecoin Mining Revenue Over Time

Date LTC Price Mining Difficulty Block Reward Weekly Revenue
July 2020 $40 785 TH 12.5 LTC $1,152,000
February 2021 $200 1,983 TH 12.5 LTC $5,760,000
December 2022 $55 3,367 TH 12.5 LTC $1,582,000

Litecoin mining profitability depends on LTC pricing, mining difficulty, hashrate, and other factors as shown above.

Monero Mining Revenue

Monero (XMR) is a privacy-focused cryptocurrency that can be profitably mined with consumer GPUs. Here is an overview of Monero mining earnings:

  • Current block reward: 1.9 XMR per block
  • Average XMR price: $150
  • Monero blocks mined per day: 720 (on average)
  • Average total daily revenue: $207,000 ($150 x 1.9 XMR x 720 blocks)
  • Weekly revenue @ 7 days: Around $1,449,000

A Monero mining rig with 6 GPUs could have energy costs around $350 per week. With a 2% pool fee, weekly earnings would be reduced by about $28,980. Therefore, after expenses, weekly Monero mining profits might amount to approximately $1,420,020.

Monero Mining Revenue Over Time

Date XMR Price Mining Difficulty Block Reward Weekly Revenue
January 2020 $60 1.4 GH 1.9 XMR $486,720
June 2021 $340 3.4 GH 1.9 XMR $2,555,840
March 2022 $180 7.2 GH 1.9 XMR $1,382,400

Monero mining profitability has fluctuated greatly over time depending on changing XMR value, mining difficulty, and other factors.

Factors That Affect Mining Profitability

While the numbers above provide estimates, many factors can affect real-world mining profits each week, including:

  • Mining equipment – More powerful and efficient hardware results in higher earnings.
  • Hashrate contribution – The percentage of total network hashrate affects miner rewards.
  • Pool fees – Different mining pools charge varying percentages as payment.
  • Electricity cost – Cheap power results in higher profit margins for miners.
  • Cooling costs – Maintaining cooling systems adds overhead expenses.
  • Mining difficulty – Rising difficulty reduces block rewards for miners.
  • Cryptocurrency price volatility – Coins like Bitcoin and Ethereum are highly volatile, affecting revenues.
  • Taxes – Income and capital gains taxes impact mining profitability.

With all these factors at play, miner earnings can change from week to week. Some weeks may be dramatically more profitable, while others see thinner margins depending on market conditions.

Is Crypto Mining Profitable in 2023?

In 2023, crypto mining remains profitable for many miners depending on their individual circumstances. However, there are a few key trends affecting profitability:

  • Declining cryptocurrency prices since late 2021 have reduced mining revenue and incentive value.
  • Bitcoin and Ethereum mining difficulty has increased, making block rewards harder to earn.
  • Many new and more efficient miners have entered the market, increasing network hashrate and competition.
  • Ethereum’s merge to proof-of-stake cut GPU mining rewards significantly.
  • Rising energy prices in many regions have increased operating costs for miners.

While mining is still likely to be profitable through 2023 for efficient miners with low power costs, margins have declined significantly from the highs of 2020 and 2021. Profitability varies greatly based on location, equipment, scale, and cryptocurrency mined.

Maximizing Mining Profits

Crypto miners have options when it comes to maximizing their mining profits and margins:

  • Utilize the most efficient mining equipment – Newer generation ASICs and GPUs can mine coins like Bitcoin and Ethereum more profitably.
  • Access low-cost electricity – This may involve moving operations to regions with cheaper energy.
  • Join profitable mining pools – Larger pools with lower fees can increase earnings.
  • Consider lower-difficulty coins – Alternative, low-difficulty coins like Ravencoin and Ergo may be more profitable to mine.
  • Minimize overhead costs – Reducing expenses associated with facilities, cooling, repairs, etc can improve margins.
  • Speculate on appreciation – HODLing mined coins that may increase in future value can boost returns.

By making smart operational choices, miners can position themselves in the best way possible to maximize profits from their mining activities.


Estimating weekly crypto mining profits is not straightforward due to a number of variable factors affecting earnings. However, miners can expect to earn thousands to potentially over $100,000 per week depending on the size of their operation, cryptocurrency mined, and market conditions.

While crypto mining remains profitable as of 2023, declining cryptocurrency prices and increasing mining difficulty have begun to reduce profitability from the highs seen in 2020 and 2021. Miners need to keep overhead costs low and mine efficiently to maximize profits going forward.

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