“What’s the best method to mine cryptocurrency?” is one of the most asked questions in the market. With cryptocurrency entering the mainstream, more and more people are looking (and able) to profit, with mining activity increasing as a result. While traditionally, it was GPU and CPU mining methods that were the go-to, Application Specific Integrated Circuit or ASIC mining has the edge. In fact, the use of ASIC mining is so profitable that it has attracted some criticism in recent years.
The powerful mining machines associated with ASIC mining (including those featured in the bestselling Bitmain S19 Series) have given miners with the funds to make significant investments in their rigs a distinct advantage, with the hash speeds and profitability made possible, generating high levels of income for a small proportion of the community. With Bitcoin also the most difficult cryptocurrency to mine due to its popularity, rigs that include machinery like the Bitmain S19 are particularly performance-orientated.
But, be warned, an investment in ASIC Bitcoin mining comes at a cost, with the mining rigs required particularly pricey. Read on to discover the level of investment building an ASIC mining rig takes and whether hardware like the Bitmain s19 is worth the money.
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How much does a Bitmain s19 model cost?
Bitmain’s S19 Series was released in 2020, with its use of 7nm chips making this particular mining hardware extremely efficient. Its technology was cutting-edge at the time and still is. As well as ushering in a new era of 30 J/T in terms of efficiency, the series represented a major upgrade following the 16nm chips that were utilized in their 2016 S9 Series.
As the base model, the Bitmain s19 marked the starting point for the entire series. With its use of the latest chip technology, improved hash rates, and exceptional efficiency, however, building a rig using the Bitmain s19 was a significant investment. At last count, the average price of a single Bitmain s19 was 3,225 USD.
What specifications can I expect from the S19?
For miners looking to invest in the Bitmain s19, there’s lots to look forward to, including an impressive list of specifications. Manufacturer Bitmain boasts a 95TH/s hash rate for this 2020 model and a comfortable noise level of 75 decibels (dB). The Bitmain s19’s cooling capabilities are also highly efficient and effective thanks to its four built-in fans. This design offers double the number of fans available across Bitmain’s S9 Series.
The power consumption of the Bitmain s19 is 3,250W, and it has an efficiency of 34.2 J/T. It is also advisable that miners maintain a temperature range of 5 to 40°C and humidity levels of 5 to 95% for the best results. The specifications detailed above have seen the base Bitmain s19 model widely used across many Bitcoin mining operations.
Is the Bitmain s19 miner profitable?
Whilst the profitability of your mining operation is defined by the cost of electricity in your area and the initial outlay of your mining hardware and any secondary equipment required, the profitability of the Bitmain s19 model remains positive on average.
Let’s give an example – if your electricity costs 0.06 USD per kilowatt hour (kWh), the Bitmain s19 model would produce revenue of 4.32 USD per day. This equates to 1,578.27 USD annually. Based on these figures and the average market price of the Bitmain s19, payback would take between 24 and 25 months.
The ease of maintenance and minimal failure rates associated with the Bitmain s19 and wider S19 Series also means costs can be kept low for miners investing in said machinery. One thing that has become apparent as S19 Series rigs come of age is the importance of secondary equipment for cooling purposes.
Proper cooling and the effective dissipation of heat are crucial to the success of the S19 series. Regular maintenance of its fans and additional steps to prevent overheating should be undertaken to minimize the malfunctions that cause downtime and failures, affect the lifespan of machinery, and negatively impact the profitability of the rig. That being said, the extremely low failure rates of the S19 Series represent a significant improvement on the previously released S17 Series!
Failure rates for Antminer S17 Series rig owners reached a whopping 20 to 30%. In comparison, the failure rates for those with Bitmain s19 miners sit below 2%. That’s quite the difference!
What other models are available in the S19 Series?
The Bitmain s19 base model isn’t the only miner of note in the S19 Series. The series features five mining models to choose from in total, namely the Bitmain S19 95TH/s, S19 Pro 110TH/s, S19j 90 TH/s, S19j Pro 104TH/s, and T19 88TH/. With their varying hash rates and efficiency levels, it is well worth exploring the entire series to identify the model that best works for your rig requirements and budget.
Which Bitmain S19 miner should I choose?
The Bitmain s19 Series as a whole has built an enviable reputation since its initial launch in May 2020. As Foreman summarises, it is a flagship series that has become known and highly regarded for its advanced features, enhanced efficiency rates, reliability, and robustness amongst modern-day miners.
Taking a closer look at the specifications of each of the models mentioned above will provide a complete view of the bigger picture in terms of hash rate, power consumption, efficiency, and profitability. In comparison with the Bitmain s19, for example, the Antminer S19 Pro offers quicker payback (of around 22 months, to be exact) thanks to its increased hash rate and enhanced earnings. The priciest miner in the range – the Bitmain s19 XP released in November 2021 – provides impressive returns, with payback in just 17 to 18 months due to its 140TH/s hash rate and 21.5 J/T efficiency.
Deemed the future of mining, the Bitmain S19 Series has set the benchmark for innovation in the mining industry, and with the new ultra-efficient, liquid-cooled Hydro models coming to market, there’s plenty more ground-breaking technology yet to come.
