As promised, I’ll go into the first part of why I chose to go back into crypto. Part 1 of it is that I still believe in Bitcoin, and I’ve been comparing GoMining vs Bitcoin mining cost head-to-head — running your own hardware versus mining through GoMining’s cloud platform. I wanted to try out Bitcoin mining because I believed it can generate positive ROI.
Hence I compared actual GoMining vs Bitcoin mining cost.
If you’re weighing the same decision, the honest answer is: it depends heavily on where you live and how much you value your own time. Here’s the real breakdown, using current hardware pricing, GoMining’s own published fee structure, and actual U.S. electricity data.
The variable that changes everything: electricity
This is the single biggest factor in the comparison, and it’s the one most people get wrong. According to the U.S. Energy Information Administration, the national average residential electricity rate sits at 18.44 cents per kWh as of mid-2026 — but that number swings wildly by state. Idaho residents pay as little as 12.35 cents/kWh; Hawaii residents pay as much as 52 cents/kWh. Texas sits around 16.44 cents, California around 35.3 cents.
GoMining, by contrast, runs its mining operations at industrial-scale electricity rates — 5 cents/kWh at base, dropping to 4 cents/kWh with the maximum 20% maintenance discount applied — because large data centers can negotiate bulk power contracts no individual household will ever have access to. That single gap is the foundation of almost everything else in this comparison.
Self-mining: the real cost breakdown
Hardware: A current-generation efficient ASIC miner (Antminer S21 XP, air-cooled) runs about $16.67 per TH of hashrate — so a 100 TH setup costs roughly $1,667 upfront.
| Your electricity rate | Daily cost | Annual cost |
|---|---|---|
| Idaho-cheap (12.35¢/kWh) | $3.56 | $1,299 |
| National average (18.44¢/kWh) | $5.31 | $1,939 |
| Hawaii-expensive (52¢/kWh) | $14.98 | $5,466 |
What’s not in that table, but is real: cooling and ventilation setup, noise (these units are genuinely loud), your own time monitoring uptime, repair costs when something fails with no vendor support behind it, and hardware depreciation — a miner bought today is measurably less competitive within 2–3 years as newer, more efficient models ship.
GoMining: the real cost breakdown
The NFT miner itself: at a current marketplace rate of roughly $16.99 per TH, a 100 TH miner costs about $1,699 upfront — nearly identical to the hardware price above.
Ongoing fees, per GoMining’s own published fee formula:
- Electricity (base rate, $0.05/kWh): $1.44/day
- Service/maintenance ($0.0089 per TH per day × 100 TH): $0.89/day
- Combined, no discount: $2.33/day, or $850.45/year
- With the maximum 20% discount (electricity drops to $0.04/kWh, service drops proportionally): $1.864/day, or $680.36/year
The side-by-side, year one
| GoMining | Self-mining (national avg. electricity) | |
|---|---|---|
| Upfront (100 TH) | $1,699 | ~$1,667 |
| Annual running cost | $850 (or $680 discounted) | $1,939 |
| Year-one total | $2,549 (or $2,379 discounted) | ~$3,606 |
After five years
The verdict
After running the actual math — real hardware pricing, GoMining’s own published fees, and real EIA electricity data, not guesses — the numbers don’t leave much room for ambiguity. Year one, GoMining wins. Year five, it isn’t even close: $5,950–6,900 total with GoMining, versus $11,362 for self-mining at the average American electricity rate — and a brutal $29,000 in high-cost states like Hawaii. Only in the cheapest pockets of the country does self-mining even get within range, and even then, it’s a narrow win at best once you factor in cooling, noise, and your own labor keeping the rig alive.
GoMining is the real winner here. Not because self-mining is a bad idea in theory — it isn’t — but because the one variable most people don’t account for going in, electricity, quietly decides the outcome before you’ve mined a single satoshi. For anyone without dirt-cheap industrial-grade power sitting in their garage, the math points one direction, and I’m not going to pretend otherwise just to seem balanced.
That’s Part 1 of why I went back into crypto. Sign up for GoMining here, and you get up to 10% discount (5% from GoMining, and up to 5% from me).
Leave a Reply