Crypto Mining in Australia
Australia Mining Environment
Australia has high residential electricity rates driven by ageing grid infrastructure, transmission costs, and limited competition. However, Australia has significant coal and natural gas reserves that enable lower industrial rates. The country has growing renewable energy capacity (solar in particular), and some mining operators are building operations co-located with solar or wind farms in remote areas.
Electricity: Residential: ~AUD 0.28–0.40/kWh (~$0.18–0.26 USD). Industrial with coal/gas: ~AUD 0.10–0.15/kWh. Co-located solar: ~AUD 0.05–0.08/kWh.
Legal status: Legal. Australia taxes capital gains on mined cryptocurrency. Some states have specific permit requirements for large industrial electricity consumers.
Notable operations: Some ASX-listed entities, primarily institutional operations with special energy contracts.
Coin Profitability in Australia at $0.22/kWh
Best-in-class hardware for each coin, ranked by estimated daily profit. Based on current price and network difficulty, updated in real time.
| Coin | Algorithm | Best Hardware | Daily Profit | Monthly | Status |
|---|---|---|---|---|---|
| Zcash (ZEC) | Equihash | Bitmain Antminer Z15 Pro · 2650 W | +$47.45 | +$1,424 | Profitable |
| Kaspa (KAS) | kHeavyHash | Bitmain Antminer KS7 · 3300 W | −$0.20 | −$6 | Break-even |
| Monero (XMR) | RandomX | AMD Radeon RX 6800 XT · 130 W | −$0.43 | −$13 | Break-even |
| Ethereum Classic (ETC) | Etchash | AMD Radeon RX 6800 XT · 120 W | −$0.60 | −$18 | Break-even |
| Alephium (ALPH) | Blake3 | AMD Radeon RX 6800 XT · 140 W | −$0.74 | −$22 | Break-even |
| Ravencoin (RVN) | KAWPOW | AMD Radeon RX 6800 XT · 150 W | −$0.76 | −$23 | Break-even |
| Dogecoin (DOGE) | Scrypt (AuxPoW) | Bitmain Antminer L9 · 3360 W | −$2.32 | −$70 | Break-even |
| Bitcoin (BTC) | SHA-256 | Bitmain Antminer S21 XP · 3245 W | −$8.09 | −$243 | Unprofitable |
| Bitcoin Cash (BCH) | SHA-256 | Bitmain Antminer S21 XP · 3245 W | −$11.06 | −$332 | Unprofitable |
| Litecoin (LTC) | Scrypt | Bitmain Antminer L9 · 3360 W | −$15.79 | −$474 | Unprofitable |
Estimates use Australia's average rate of $0.22/kWh. Enter your exact rate in the live calculator for personalised figures.
Frequently Asked Questions
Which cryptocurrencies are most profitable to mine in Australia in 2026?
At Australia's average electricity rate of $0.22/kWh, 1 of 10 supported coins are currently profitable with their best-in-class hardware: Zcash. The top performer is Zcash (ZEC), earning an estimated $47.45/day on a Bitmain Antminer Z15 Pro. Rankings shift with coin price and network difficulty — use the live calculator for your exact setup.
What is the electricity rate for crypto mining in Australia?
Residential: ~AUD 0.28–0.40/kWh (~$0.18–0.26 USD). Industrial with coal/gas: ~AUD 0.10–0.15/kWh. Co-located solar: ~AUD 0.05–0.08/kWh. This rate is high by global mining standards: only the most efficient hardware can be profitable, typically requiring commercial or industrial contracts below the residential average.
Is crypto mining legal in Australia?
Legal. Australia taxes capital gains on mined cryptocurrency. Some states have specific permit requirements for large industrial electricity consumers.
What is the best mining hardware to use in Australia?
It depends on the coin. For the most profitable option right now — Zcash — the standout unit is the Bitmain Antminer Z15 Pro (840 kSol/s, 2650 W) at an estimated $47.45/day. The table above lists the best hardware for each of the 10 supported coins at Australia's electricity rate.
How does Australia's electricity rate compare globally for mining?
At $0.22/kWh, Australia's rate is high by global mining standards. Only the most efficient hardware at the cheapest available industrial rates can sustain profitable operations. For comparison: Ethiopia ~$0.02/kWh, Paraguay ~$0.03/kWh, Kazakhstan ~$0.04/kWh, USA (industrial) ~$0.04–0.07/kWh, Germany ~$0.32/kWh.
Mining in Other Countries
Enter your exact electricity rate — not just the country average — for accurate profitability across all 10 coins.