Crypto Mining in Australia – Still Profitable in 2025? Here’s the Truth

Crypto mining used to be the go-to method for earning passive income in the blockchain world. But as we step into 2025, many Aussie miners are asking the same question:
Is it still worth it?

With rising electricity costs, new government rules, and changing market dynamics — the game has definitely changed. But that doesn’t mean mining is dead. In fact, for the right person with the right setup, crypto mining in Australia can still be profitable.

Let’s break it all down.

The State of Crypto Mining in Australia (2025)

Over the past few years, Australia’s crypto scene has matured. The ATO has released clearer tax guidance, and miners now have more clarity when it comes to reporting income and expenses.

But energy prices? They’ve gone up. And that’s one of the biggest factors affecting profitability today.

The Cost of Mining: Electricity Is King

Whether you’re mining Bitcoin, Kaspa, or any altcoin, the biggest ongoing cost is power. Depending on where you live, electricity rates in Australia can range from 20 to 40 cents per kWh — and that’s a lot.

Tips for Aussie Miners:

• If you’re in Queensland or South Australia, shop around for better energy deals.
• Solar mining setups are becoming more common — especially in rural areas.
• Some miners use battery storage systems to run rigs at night when rates drop.

💡 Pro Tip: Running a mining rig without monitoring your daily energy cost is a fast way to burn money in 2025.

Which Coins Are Aussies Mining Now?

1. Kaspa (KAS)

This one’s red-hot right now. With its insane transaction speeds and lightweight proof-of-work algorithm, Kaspa is far more energy-efficient than Bitcoin. It’s the #1 pick for many solo Aussie miners in 2025.

2. Bitcoin (BTC)

Still king, but not easy to mine unless you’re part of a big pool. ASIC machines and cheap power are a must.

3. Ergo (ERG)

Loved by miners who used to mine Ethereum. It works well on older GPUs and still holds value in the Aussie mining scene.

ATO & Tax Rules for Miners (Updated 2025)

The Australian Taxation Office (ATO) considers mining as either a hobby or a business — and the tax implications vary.

• Hobby miners: You report any crypto mined as income at market value the day you receive it.
• Business miners: You can deduct hardware, power costs, internet, and more — but you’re also subject to GST and income tax.

Keep track of mining earnings, wallet addresses and expenses all the time. Things like Koinly or cryptotaxcalculator (Aussie made) can help.

So, Is It Still Profitable?

Here’s the honest answer:

No, unless you happen to know what you are doing.

So long as you are using cheap power, or solar power, or even mining a GPU-friendly coin like KAS, you can still be fairly profitable in 2025. However, when you employ old devices using typical power tariffs, you are likely to end up in money loss.

Here’s what you’ll need to stay profitable:

• A coin with strong community + low mining difficulty
• Affordable or off-grid energy (solar will do the trick)
• Effective hardware (ASICs in case of BTC, or the most recent GPUs in case of altcoins)
• Patience there must be, or a long-term view

Also Check: Can You Earn Passive Income with Crypto in Australia

Final Thoughts

The Crypto mining in Australia did not die out but rather it transformed. Gone are the days of getting a rig on your bedroom and rake in thousands. However, when one adjusts, is production-focused, and follows the current trends (such as Kaspa and solar mining), there is still a good chance of earning in 2025.

And do not forget that though mining profits are obtained at a lower level than it used to be, the crypto space still extends. Even if you are mining, staking, learning, or doing nothing, you can still feel like you are a part of the ecosystem and see what is potentially the future of finance.

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