Bitmainis one of the most popular brands associated with the crypto asset mining industry. From creating mining rigs to developing its native mining pool, the network is a big player in the crypto space.
Bitmain S19 Miner
Bitmain has been developing different models of mining rigs since 2014. One of its top-rated series of mining rigs is the #AntminerS19. The four models under the S19 series include the following;
The four models offer different pros regarding profitability, return on investments, and maintenance. This guide will focus on the amount of BTC or dollar value of cryptocurrency one Bitmain Antminer S19 can deliver.
What Coins Can you Mine with Antminer S19?
Before addressing the profitability level of the mining rig, it’s vital to know what you can mine with the S19. Which coins are available for mining using the Bitmain Antminer s19?
In general, during development, the creators of the Antminers input algorithms that help in mining some types of crypto assets. In the S19 model, the crypto coins supported follow theSHA 256 algorithm.
As such, these miners from S19, S19 pro, S19 XP, and S19XP pro can all be used in mining top coins like Bitcoin and Bitcoin Cash. The duo of BTC and BCH both use the SHA 256 algorithm.
It’s widespread knowledge that Bitcoin is the pioneer of the crypto asset landscape. Bitcoin Cash followed a couple of years later as a fork of Bitcoin. Therefore, the two coins follow a similar algorithm. Several other crypto assets leveraging parallel algorithms can also be available for mining using the Antminer S19.
What is the Price of an Average Antminer?
As mentioned above, the miners in the S19 series all have different features, hence offering different output levels. Due to their differing configurations, the miners also have other valuations.
According to different sources, the average value of the S19 and S19 pro range between $2500 and $3600. But how about the other Antminer brands?
Depending on their productivity, Others like the S19j Pro and S19 XP range between $2.3k and 6.3k, and that’s recent value. Interestingly, Bitmain offers its store where investors can directly purchase the Bitmain Antminers for fair prices 1.e., the prices mentioned above.
However, these miners are also available on Amazon and could go for slightly higher costs. Either way, you will pay much more for S19 XP than any other model in the S19 series.
So, how Much Can S19 Make?
The amount of income an S19 Antminer makes depends on the specific model,hashrate, and general power requirement.
Moreover, while the amount of coin mined could be low or high, the dollar value of the coin determines the extent of the profit — the higher the dollar value of the coin mined, the higher your profits.
Here is a short profit analysis of the four main types of S19;
Bitmain S19 Profitability
According to sources, the average S19 consumes about $0.06/kWh for electricity. However, the reports also indicate that in a single day, the Antminer can help generate $8.04 worth of crypto.
The net electricity cost stands at $7.8. As such, on a daily, the average Antminer S19 generates profits of merely $0.24. However, another Bitmain S19 hydro mining calculator indicates that the profits could go higher depending on the value of BTC.
Areportbythe Hashrate indexsuggests that the base version S19 profitability could hit a high of $4.3 per day.
Bitmains profit calculator can also help investors know the profitability of the individual Bitmain S19.
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