If I buy 10 units of S19 XP, each with a daily production value of $9.8 and a daily electricity cost of $1.44, considering my electricity cost is $0.02 per kWh, my net income per unit would be $8.33 source: (
https://www.f2pool.com/miner?id=155037).
Currently, its price is $3145 source: (
https://www.asicfinder.com/frontend/hardwares/bitmain-antminer-s19-xp-141t).
Now, BTC is priced at $29,048, which is quite low, and we are all waiting for the bull market to come.
Honestly, I'm not a fan of numbers and calculations, but I'm determined to make the right choice. Should I pursue mining for a
steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?
Wait what! Let me tell you something dear, there is not a term of steady source in the field of Crypto. It's the business of volatility so you aren't going to get any exact and 100% correct answers here which you could blame after. But still, here is my suggestion. If you are 100% sure that you are going to generate $8.33 daily which means by next ATH which might be around 2025 you would have generated $4,233.
510 days (approximately) * 8.33 = 4,233$
But if you would invest that money in BTC and buy 1 BTC and will sell it at the ATH of around $100k which is also not sure but mostly predicted so, if BTC hit $100k then you are making $more than $60k while in mining you are only making $4,233.
I think answer is pretty much clear for you here.