Bitmain Antminer S17+ and T17+ evaluate
According to an official statement, Bitmain has just introduced the upcoming release of the latest generation of Antminer ASIC mining devices.
The new gadgets dubbed the S17+ and T17+ boast higher hash rates than previous generations alongside relatively comparable energy consumption rates. Each devices are anticipated to be available for purchase on October eleven, 2019.
Prices for Antminer S17+ is $2750 and never available for T17+ at press time, however we are assuming they are going to be in keeping with other gadgets Bitmain has released in the past. Be a part of us as we check out the new gadgets and run the numbers on what you would possibly count on to get by running one of these devices.
For the last few years, Bitmain has been regularly releasing updated machines in its Antminer line. Often these units are initially on the high of their class in terms of hash rate, but their dominance is usually challenged rapidly by competing ASIC companies.
Another subject that commonly plagues the gadgets is rampant hoarding and reselling at highly inflated prices. Lately, it’s been common to see devices sold by Bitmain for the retail value to quickly be out of stock and have resellers pop up all over the place asking for a quadruple value or more.
We must see if both demand for these units has dropped or if Bitmain has someway managed to produce enough of the devices in order that there isn’t a scarcity this time around.
In keeping with the discharge, Bitmain might be launching not one but two different ASIC miners at (presumably) totally different price factors and totally different hash rates. The flagship device, the S17+ boasts a hash rate of 72 TH/s and consumes about 2,920 watts of power.
The big question is — is it profitable to run certainly one of these units now? For our calculations, we used the Coinwarz mining profitability calculator and assumed an electrical energy value of $0.10 per kilowatt. All other variables reminiscent of bitcoin difficult were left at their defaults which are based mostly on commonly up to date data.
Based on what we discovered, the S17+ is profitable to operate, however not extremely so. The calculator means that running and 17+24 hours a day, seven days every week for a whole yr (and assuming no change in issue, which is unlikely given the launch of a more highly effective gadget), you might expect to earn about half a bitcoin or 0.52212548 BTC.
When you factor in electrical energy costs, nonetheless, you’ll be able to roughly halve your potential revenue with an estimated power value of $2,557.92.
Looking at the other gadget, you could doubtlessly mine round 0.45156798 BTC in a yr, at the cost of $2,803.20 in electrical energy fees.
This is a tough question to reply because it is based mostly on a number of variables which might be inconceivable to predict.
It is reasonable to imagine that after these devices go in the marketplace, they’ll quickly become the usual for hash rate, thus growing network issue and reducing the effectivity of the machines.
Second, as bitcoin prices have been floating around the $8,000 to $10,000 mark for fairly some time, if one’s intent is to instantly sell all the bitcoin they generate for profits, they might doubtless only just be able to cover the price of the hardware and the electrical energy after the primary yr and not see a lot profit past that. After all, if bitcoin prices go up or down, it modifications the outcome.
Before one considers stepping into mining, however, it’s a helpful exercise to consider what would occur if you happen to have been to simply by half a bitcoin. At at this time’s prices, half a bitcoin would value approximately $four,250 dollars. Compare this to the Bitmain S17+ which will probably come at a price of close to $2,000 dollars.
In the event you simply buy the bitcoin, on the finish of the year you’ll have that whole half-bitcoin without having had to worry about running a scorching, noisy piece of hardware and forking out loads of money to pay off your electric bill month after month.
If bitcoin prices go up, you will notice the same benefit from shopping for and as you’ll have from mining it.
Do you have to buy considered one of these units?
Ultimately that’s a call only, you can also make, however for the casual bitcoin investor, you might be probably better off just shopping for and holding.
If you’re dead-set on getting into mining, nonetheless, buying one in every of these machines may very well be a reasonable way to do it — as long as you don’t pay an overinflated reseller value if another shortage happens. You’ll by no means make your cash back if you happen to pay an excessive amount of for the hardware.
The vast majority of bitcoin mining is done by industrial-scale players that have access to extraordinarily low-cost electricity and might benefit from economies of scale.
More than likely these big players should buy hundreds or even 1000’s of these machines without delay for a bulk low cost and run them at a very low price. For these players, making a profit mining bitcoin is easy.
But in case you are just an individual wanting to run one or of these machines in your bedroom, you’re probably better off forgoing it and leaving mining to the pros.
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