SUMIFS / Bitcoin Miner

Calculate Electricity Cost by Rig

I need to sum 'KWh Cost' where Rig ID is 'Antminer-S19' and Month is 'November'.

formula.xlsx
=SUMIFS(E2:E8,B2:B8,"Antminer-S19",C2:C8,"November")

How it works: The SUMIFS function is used to sum values in a range that meet multiple criteria. In this scenario, it sums the 'KWh Cost' (E2:E8) only for rows where the 'Rig ID' (B2:B8) is exactly "Antminer-S19" AND the 'Month' (C2:C8) is exactly "November". This allows the Bitcoin Miner to precisely track costs for specific equipment during specific periods.

Data Setup

Date Rig ID Month KWh Consumed KWh Cost
2023-11-01 Antminer-S19 November 100 12.50
2023-11-02 Antminer-S19 November 105 13.13
2023-11-03 Whatsminer-M30S November 90 11.25
2023-11-04 Antminer-S19 December 110 13.75
2023-11-05 Antminer-S19 November 95 11.88
2023-12-01 Antminer-S19 December 100 12.50
2023-11-06 Whatsminer-M30S November 92 11.50

Step-by-Step Guide

1

Identify the range containing the values you want to sum, which is 'KWh Cost' (Column E).

2

Identify the first criteria range, 'Rig ID' (Column B), and its corresponding criteria, "Antminer-S19".

3

Identify the second criteria range, 'Month' (Column C), and its corresponding criteria, "November".

4

Enter the SUMIFS function: Start with '=SUMIFS(', then select the sum range (E2:E8), followed by the first criteria range (B2:B8) and its criteria ("Antminer-S19"), and finally the second criteria range (C2:C8) and its criteria ("November").

5

Close the parenthesis and press Enter to get the total electricity cost.