10 x Antminer S19 Pro - Yay or Nay?

[NewbieMiner55]

 Hey there peeps.

I’m in the process of buying 10 of the Antminer S19 Pro miners for 63500$. I wanted to get you guys opinion if that is a good price/investment.

According to my calculations It should pay itself off in 8-12 months, It’s 8 as of current prices, but I added the extra 4 just since everything goes up and down.

I want to know if this is going to be worth the wait for the ROI, then the pure profit afterwards? once the 10 miners pay themselves off, I should have 10x S19 Pros just generating profit.

I pay 0.10$ for electricity per KwH, which isnt that bad, I’d appreciate any suggestions or recommendations.

[BitMaxz]

That's a pretty cheap price for Antminer s19 pro if you can get it for $6,350 each. Just make sure that you are dealing with a trusted distributor or seller.

About the ROI it will still depend on the Bitcoin price and difficulty since the difficulty drops well it still worth having those gear and hold your mine coins for the next block halving.

According to some tools, the ROI is 2 months and 15 days to reach the ROI you can check for yourself and use this tool below

- https://www.mycryptobuddy.com/BitcoinMiningCalculator

Just include the hardware cost in total and the power consumption including the total hash rate.

[NewbieMiner55]

That's a pretty cheap price for Antminer s19 pro if you can get it for $6,350 each. Just make sure that you are dealing with a trusted distributor or seller.

About the ROI it will still depend on the Bitcoin price and difficulty since the difficulty drops well it still worth having those gear and hold your mine coins for the next block halving.

According to some tools, the ROI is 2 months and 15 days to reach the ROI you can check for yourself and use this tool below

- https://www.mycryptobuddy.com/BitcoinMiningCalculator

Just include the hardware cost in total and the power consumption including the total hash rate.

I’m actually buying them brand new, from a chinese friend who has a chinese vendor in China, I know my friend in real life, and he is certain the vendor is trustworthy because he is his real life friend in China. They are all brand new units.

I will calculate the ROI and check, I’m not sure how you came up with only 2 months and 15 days, are you sure this is accurate? each miner makes aprox 30$ after electricy, so 10 of them would be making 300$ a day, which is 9000$ a month, the investment is 63500$, 63500$/9000$ is about 7-8 months, can you explain the 2 months and 15 days?

[kano]

Maybe have a read related exactly to this
https://bitcointalk.org/index.php?topic=5336244.msg57322479#msg57322479

[tpd09]

Maybe have a read related exactly to this
https://bitcointalk.org/index.php?topic=5336244.msg57322479#msg57322479

Im totally confused.

How does the calculator comes up with 2 and a half months break even, when in your post you talk about over "317 days".

[stompix]

I will calculate the ROI and check, I’m not sure how you came up with only 2 months and 15 days, are you sure this is accurate? each miner makes aprox 30$ after electricy, so 10 of them would be making 300$ a day, which is 9000$ a month, the investment is 63500$, 63500$/9000$ is about 7-8 months, can you explain the 2 months and 15 days?

He forgot to adjust the difficulty adjustment  



The calculator is set on default for the last 1 month adjustment of -46.54 so the 2 months and 10 days is for the difficulty adjusting down by -46% every month.
If you switch that off it becomes 8 months, put it to +10% and it becomes never!

[tpd09]

I will calculate the ROI and check, I’m not sure how you came up with only 2 months and 15 days, are you sure this is accurate? each miner makes aprox 30$ after electricy, so 10 of them would be making 300$ a day, which is 9000$ a month, the investment is 63500$, 63500$/9000$ is about 7-8 months, can you explain the 2 months and 15 days?

He forgot to adjust the difficulty adjustment  



The calculator is set on default for the last 1 month adjustment of -46.54 so the 2 months and 10 days is for the difficulty adjusting down by -46% every month.
If you switch that off it becomes 8 months, put it to +10% and it becomes never!

makes sense now ty

[ChioChipspax]

i would suggest you to buy 2 BTC with 60k$
and just to store on cold wallet . that is more profitable than mining it

[Bitcoin_Arena]

i would suggest you to buy 2 BTC with 60k$
and just to store on cold wallet . that is more profitable than mining it

It depends on what time or point he buys the BTC too. Imagine if he bought right now then price continues to drops to 8k or less and stays there for 2 - 3 years as it's common in a bear market. It won't look profitable until we see another bull run.

[mikeywith]

i would suggest you to buy 2 BTC with 60k$
and just to store on cold wallet . that is more profitable than mining it

It depends on what time or point he buys the BTC too. Imagine if he bought right now then price continues to drops to 8k or less and stays there for 2 - 3 years as it's common in a bear market. It won't look profitable until we see another bull run.

No, it does not depend on what BTC price does, this is MINING BTC vs BUYING BTC, bitcoin miners generate BTC and not fiat, when you buy a mining gear you are simply betting on bitcoin price to go up, so the question becomes "Will these miners generate more than 2 BTC"? if the answer is No, then buying BTC is without a doubt better than buying mining gears.

If BTC drops to 8k, then his mining gears will also drop in value, the rewards will drop and the ROI will be extended, in fact, it could be risker than just holding bitcoin, if the price stays that low for 2-3 years, the gears will most likely die before generating 2 BTC, while if you store 2 BTC in a safe place like cold wallet - nothing can happen to them, your 2 BTC will still be 2 BTC and you can just wait for the price to go up, which isn't the case with mining where you have to worry about electric bills, operational cost and the lifespan of the mining gears.

OP, on the scale of probability, you are likely going to lose money mining, go back in time to say 5 months ago, folks paid 15k for the same gear and they visited the same website you did, and it told them they would ROI in 12 months and life will be so pretty, today, they are looking the same website and it still says 12 months (actually more), and many of their gears died anyways, things are far more complicated than these calculators show you, there are many things that could go wrong, I am certain that if I randomly pick 10 miners, at least 7 of them would have done a lot better if they just bought the coin.

[flip4flop]

I dont know if I believe that statement. The difficulty drop alone would have quickly increased the ROI of any miner who bought in 5 months ago. If you are buying some of the newer more efficient miners and can get a locked in price then I believe you should do well mining if you are looking at 8+ months or more. Even if the bear market comes and you bought 2 BTC you have 2 BTC forever. If you are mining BTC throughout the bear market and are accumulating and not selling at the bottom whenever price does go up you will come out with likely more than 2 BTC and that also does not figure in the potential resale value of the miners. Look at the prices of some of the miners produced in 2017-2018, people are getting more than they paid for them originally after mining for years with them.

[Tsub]

Hey there peeps.

I’m in the process of buying 10 of the Antminer S19 Pro miners for 63500$. I wanted to get you guys opinion if that is a good price/investment.

According to my calculations It should pay itself off in 8-12 months, It’s 8 as of current prices, but I added the extra 4 just since everything goes up and down.

I want to know if this is going to be worth the wait for the ROI, then the pure profit afterwards? once the 10 miners pay themselves off, I should have 10x S19 Pros just generating profit.

I pay 0.10$ for electricity per KwH, which isnt that bad, I’d appreciate any suggestions or recommendations.

What TH are you buying?  100Th / 104Th or 110Th?

Or are you buying into the 90 something ranges?