What Key Metrics Are Used to Calculate Mining Profitability?

Mining profitability is calculated using several key metrics. The primary factors are the hash rate of the mining hardware, the current network difficulty, the block reward (including transaction fees), and the price of the cryptocurrency being mined.

From the revenue generated, operational costs must be subtracted, with the most significant being electricity consumption and cost per kilowatt-hour (kWh). Other factors include mining pool fees, hardware depreciation, and maintenance costs.