Bitcoin Mining Profit in New York

At New York's average industrial electricity price of 9.87¢ per kWh, a 200 TH/s machine using 3,500 W would lose about $1.85 a day at today's hashprice ($32.87 per PH/s a day, bitcoin $77,672). At the household price of 26.39¢ it would lose $15.73 a day. Break-even: 7.67¢ (US) per kWh. New York ranks 49 of 64 US states and Canadian provinces for mining on electricity cost.

Network and price Nov 1, 2026, 20:15 UTC · electricity: EIA Electric Power Annual 2025, Table 2.10

Hashprice

$32.87

per PH/s per day

Break-even power

7.67¢

US$ per kWh, 17.5 J/TH

Industrial price

9.87¢

per kWh (2025 avg)

Profit per machine

−$1.85

a day, 200 TH/s · rank 49/64

Your mining profit in New York

Electricity rate

Electricity (US$ per kWh)

Hashrate (TH/s)

Power use (watts)

Machines

Pool fee (%)

Bitcoin price ($)

Network hashrate (EH/s)

Assumes 144 blocks a day, today's fees per block and no change in difficulty or price. Hardware, cooling, hosting and taxes are not included. Example machine: 200 TH/s at 3,500 W (17.5 J/TH).

Bitcoin mining laws in New York

In November 2022 New York passed a two-year moratorium on new or renewed air permits for fossil-fuel power plants that supply electricity to proof-of-work mining on site; existing plants were grandfathered. Mining on grid power was not banned. Check the current position with the Department of Environmental Conservation before planning a site powered by its own fossil-fuel plant.

Sources: blockworks.com · millionminer.com. Not legal advice.

Compare: Neighbouring Ranks

All states and provinces →

Minnesota−$1.38 Pennsylvania−$1.40 Virginia−$1.53 Nova Scotia−$1.64 Delaware−$1.64 Illinois−$1.65 Vermont−$3.83 Maryland−$4.07 New Jersey−$5.14 District of Columbia−$6.01 Maine−$6.06 New Hampshire−$7.69

Bitcoin Mining in New York: FAQ

Is bitcoin mining profitable in New York?

At today's numbers, not at the average industrial rate: a 200 TH/s machine would lose about $1.85 a day. At household rates it would lose $15.73 a day. Miners with cheaper contracts or more efficient machines do better.

How much does electricity cost in New York?

The US Energy Information Administration's 2025 averages for New York: 26.39¢ per kWh for homes, 20.97¢ for businesses and 9.87¢ for industry (US average: 17.23¢, 13.37¢ and 8.51¢).

Is bitcoin mining legal in New York?

Yes. In November 2022 New York passed a two-year moratorium on new or renewed air permits for fossil-fuel power plants that supply electricity to proof-of-work mining on site; existing plants were grandfathered. Mining on grid power was not banned. Check the current position with the Department of Environmental Conservation before planning a site powered by its own fossil-fuel plant.

What is the break-even electricity price for mining?

7.67¢ (US) per kWh for a 17.5 J/TH machine at today's hashprice; about 10.32¢ for a 13 J/TH machine. It changes every day with the price, fees and network hashrate.