Dec 18, 2017 · The most expensive state, in contrast, is Hawaii, where the cost of electricity brings mining costs up to $9,483, meaning it is nearly three times more expensive to mine bitcoin in Honolulu than Is Bitcoin Mining Finally Profitable for Miners in 2019? Apr 23, 2019 · According to crypto analyst Alex Kruger, the breakeven cost for efficient bitcoin mining operations currently hovers around $3,550 to $4,350, while the price of bitcoin is in the $5,500-plus range at the time of this writing. That ensures a $1,000-plus profit for each bitcoin mined and a substantial profit for bitcoin miners considering the