Gauging the Bitmain Antminer S19 Pro profitability is crucial to determine whether you can experience a return on investment for your troubles. Gone are the days when you could mine Bitcoin and other cryptocurrencies with a standard computer and low investments in the equipment. Transaction validating algorithms now require hefty power consumption to complete, and you may require a dedicated ASIC miner. The special device, known in full as an Application-Specific Integrated Circuit, contains hardware and firmware that mines digital currency solely.
We will focus on the Bitmain Antminer S19 Pro and its mining profitability. First, we must review the product, its specifications, how it stands above the competition, and the device's downsides with numerous factors to consider. Afterward, we will break down the necessary steps required to calculate the exact profitability of the Bitmain Antminer S19 Pro.
The Antminer S19 Pro 110TH from Bitmain Mining
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When the Bitmain Antminer S19 Pro 110TH came out back in 2020, it greatly improved on the previous iterations from the manufacturer. As its name suggests, for starters, the model could offer a maximum hashrate of 110TH/s while having a power consumption of 3250W. In contrast, the Antminer S9 could deliver 14TH/s and use about 1600W of power.
Moreover, the Bitmain Antminer S19 Pro has a built-in power supply unit that you could juice up with two AC input wires. After all, the power-hungry nature of these ASIC miners necessitates the extra plug. Also, the S19 Pro is heavier, and the stacked design makes it pretty bulky.
The innovative and specially designed chip in the Bitmain Antminer S19 Pro is responsible for the industry-leading hashrate/consumption efficiency of 23 Joules per Terahash. The improved circuit architecture gels with the advanced firmware for quicker startups. Plus, its intelligent control mechanism means smoother operations and an impressive maximum hashrate.
- Hashing algorithm: SHA 256.
- Maximum hashrate: 110TH/s.
- Power consumption: 3250 W.
- Power efficiency: 29.5J/TH.
- Cooling system: four fans.
- PSU: In-built with two AC input wires.
Bitmain Mining Profitability of the Antminer S19 Pro 110TH
The Bitmain mining profitability of their Antminer S19 Pro 110TH model hinges on several factors, including the coin you choose to mine and the hashrate of your rig. In addition, you need to consider the difficulty of solving the complex cryptographic mathematical problem for the top coins, the setup's power consumption and the cost to run the Bitmain mining operations. Admittedly, your profitability calculation hinges on only estimates derived from the past performance of BTC or other coins you want to mine. Still, using this method to compare the potential rewards and eventual profits for a specific time will be pretty close to the real values you can earn.
a). Are You Mining the Most Profitable Coins?
Unfortunately, mining does not work for all digital currencies as some do not require any proof of work. However, you can start mining coins like BTC, Ethereum Classic, Dogecoin, DASH or Feathercoin. In addition, most cryptocurrencies fall into either the SHA 256 or Scrypt mining algorithms.
The SHA 256 algorithm will require a beefy CPU and GPU for validating coin transactions, while Scrypt mostly relies on your rig's processing power and RAM to complete the calculations. Since the Bitmain Antminer S19 Pro 110TH uses the SHA 256, we shall focus on the most profitable coins you can try out with the ASIC miner.
ELA+BTC, SYS+BTC and the BTC currently show the most promise for profit. In addition, the Bitmain Antminer S19 Pro 110TH features the necessary algorithm, the SHA 256, to use when mining these coins. Still, market fluctuations will affect your income, so check on the current data and stock prices to determine how much money you can make in a specified period.
b). Hashing Power
The hashrate of the Bitmain Antminer S19 Pro is merely a measure of how quickly you can mine a single coin. Luckily, the device features one of the fastest mining times in the industry of 110 terahashes per second. Nevertheless, the mining quantity also hinges on the difficulty details of finding solutions to the complex cryptographic math involved. Thus, we shall dive into how rewards vary depending on the key consideration.
Blockchains that require proof-of-work mean that miners can maintain the cryptocurrency by verifying transactions and ensuring they are legitimate. The setup allows miners to use a combination of software and hardware to find a block and add recent transactions to the block. In addition, the process of verification earns them rewards in the form of digital coins.
For something like Bitcoin (BTC), the cryptocurrency difficulty refers to how challenging it is to mine a single block. This parameter is essential for maintaining a steady time frame between mining one block to the next. Additionally, the difficulty hinges on how much hash power is available on the network. After all, great difficulty means the network is not susceptible to attacks from users seeking to manipulate the master ledger.
As services like cloud mining and mining pools continue to swell, the network difficulty for BTC continues to rise. The market trend shows a steady increase as more people delve into mining to turn a profit. Still, newcomers do not often use profitability estimates based on the difficulty, even though it has a bearing on the income and eventual price of BTC.
d). Power Consumption and Cost
Since the Bitmain Antminer S19 Pro 110TH consumes about 3250 W of power, electricity bills are vital in making a profitability estimation. The figure may seem high, but choosing a less power-hungry device instead of this one may significantly increase the operating expenses to get an equivalent hashpower. For instance, the Bitmain Antminer S9 requires half the power but only yields a tiny fraction of the maximum hashrate of the premium package.
Whether you are looking to start small or put down a serious setup for mining, the electricity price is a significant factor to consider. So first, check the kilowatt-hour charges in your area to determine the cost of running the Bitmain Antminer S19 Pro 110TH. Afterward, compare the rewards you can reap from running the rig over a specified period. Finally, subtract your expenses from your revenue to settle on the profit.
Is Cloud Mining a Profitable Option to Setting Up A Mining Rig?
You can use the Bitmain Antminer S19 Pro for your solo mining operations or join a mining pool. On the other hand, you can disregard the high setup cost of buying a rig and opt for cloud mining, where you rent equipment from a facilitator. It is crucial to consider these options to determine whether you can get a return on investment.
a). Solo Mining
If you are running a solo operation, you need to keep track of the exchange rate, mining difficulty and mining expenses. In addition, you will require a full node to do the whole thing on your own, and the electricity costs can be alarming. Still, it is possible to turn a profit with a solo rig comprised of the Bitmain Antminer S19 Pro.
Unfortunately, if you are mining the top coins, you may not be guaranteed an income capable of offsetting your expenses. For starters, you will have to compete with other miners, which means that the rewards are spread out more. Admittedly, you stand a chance of eventually mining an entire block, but it may be too slim to be viable.
b). Mining Pools
Joining mining pools will not save you from the upfront cost of buying and operating the Bitmain Antminer S19 Pro. However, you can increase your chances of turning a profit by combining your computing power with other users in the pool. Plus, your income will be pretty stable, unlike the erratic nature of solo mining.
Pay-Per-Share (PPS), Proportional and Peer-to-Peer (P2P) mining pools are some options you can join. Each has its own merits and demerits you need to consider before deciding. In addition, you can check reviews to determine the profitability of your rig when operating in any of them. After all, it is critical to make an individual effort at researching since it is an expensive yet lucrative business idea.