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How Much Does It Cost to Run a Crypto Mining Rig in New York? (2026)

A mining rig runs flat out around the clock. Even a single-GPU setup at 500 watts uses more electricity than most whole households, and an ASIC miner at 3,000 watts uses as much as a dozen fridges.

A typical crypto mining rig (1,500 W) costs $0.43 per hour, or about $313.20 per month at 24 hours a day in New York. Expensive to run

Electricity price region Hours used per day

Wattage	Per hour	Per day	Per month	Per year
Low (500 W)	$0.14	$3.48	$104.40	$1,270
Typical (1,500 W)	$0.43	$10.44	$313.20	$3,811
High (3,500 W)	$1.01	$24.36	$730.80	$8,891

Formula: watts ÷ 1000 × hours × price per kWh. Typical use is 24 h/day ≈ 13,140 kWh per year.

In New York, with electricity at $0.29 per kWh (source: EIA Table 5.6.A, 2026-06), a typical crypto mining rig costs $0.43 per hour and about $3,811 per year at 24 hours a day. That is about 61% more than the US national average of $194.40 per month, because electricity in New York costs $0.29 per kWh against $0.18 nationally. Each $1.00 of electricity buys roughly 2.3 hours of use.

How to lower the cost of running a crypto mining rig

Calculate the electricity cost per day before anything else. It decides whether mining makes money at all.
Undervolt GPUs. It often cuts power by 20 to 30 percent with little hash rate loss.
Vent the heat outdoors in summer. Cooling the room adds to the bill.

Frequently asked questions

How much electricity does a mining rig use per month?

A 1,500 watt rig uses 1,080 kWh a month. Pick your region above for the cost.

Is home crypto mining profitable?

Only with very cheap electricity, typically under 0.08 per kWh in local currency.

Can I use a mining rig to heat my house?

Yes, every watt becomes heat. It is a very expensive space heater unless mining income offsets it.

Cost by region

Related appliances

Use the generic electricity cost calculator →