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How Much Bitcoin Did I Make with the Bitmain Antminer S19J Pro?
In today’s video, we are going to discuss the profitability of mining Bitcoin with the Bitmain Antminer S19J Pro, a powerful ASIC miner that produces 104 terahashes at 3068 watts. Over the last two weeks, we mined Bitcoin using this miner provided by Wadom.io, the largest distributor of Bitcoin mining equipment in the United States.
Our Bitcoin Mining Experience with the S19J Pro
Mining Bitcoin with the S19J Pro in our garage over the past two weeks has been challenging. The miner generated significant heat, causing the garage temperature to rise above 100 degrees Fahrenheit. However, we hope that this heating issue will be resolved when we move the miner to a dedicated mining shed.
After two weeks of mining, we earned 0.00042 Bitcoin. In order to evaluate the profitability of our mining operation, we need to take into account our electrical cost as well. So let’s dive into the numbers.
Expenses and Profitability
The cost per day of running the S19J Pro at a $0.05 kilowatt-hour electricity rate is $3.68, totaling $25 per week and $51.52 for two weeks. The daily, weekly, and biweekly profitability of the S19J Pro depends on the current price of Bitcoin and its network difficulty.
At Bitcoin’s all-time high of around $69,000, our miner made $41.60 per day, resulting in $291 per week and $582 for two weeks. However, as of May 21st, the value of Bitcoin dropped to around $29,500, pushing daily profitability down to $8.76 per day. Consequently, our weekly earnings dropped to $87.09 and our biweekly earnings totaled $122.64.
Break-Even Point and Future Outlook
When Bitcoin was at its all-time high, the break-even point (or ROI) for the S19J Pro was 312 days. However, with Bitcoin’s current value hovering around $29,500, the break-even point has increased to 905 days. So, is it still a good idea to invest in an ASIC Bitcoin miner like the S19J Pro?
If you can afford the upfront cost of the miner and believe in the long-term potential of Bitcoin, mining while network difficulty and yield are comparatively low can be a wise investment. With any luck, you can mine a substantial amount of Bitcoin and hold on to it until the price increases.
Conclusion: Should You Buy an S19J Pro?
Ultimately, whether or not you invest in an S19J Pro depends on several factors, such as your financial situation, belief in the future value of Bitcoin, and willingness to hold on to your mined coins. It is also essential to remember that the numbers presented in this video may not match your experience due to varying electricity rates and network difficulties.
This video is not intended as financial advice. It is crucial to do your research and make decisions based on your own calculations and beliefs. We have provided links to all the resources used in this video below so you can make an informed decision on whether to invest in an S19J Pro. If you found this video helpful, please consider subscribing and giving it a thumbs up. Happy mining!
Based off these Numbers, Would you buy a Bitcoin ASIC Miner in a Bear Market? If you already own one, how is your daily Profitability looking?
Thank you Panda!! with your videos I am learning little by little on how to set up my ASIC miners, about to invest in a FogHashing B6D immersion mining tank and sinking 6 miners (S19 Pro 110th) on the thing, can't wait to see and experience how these babies will run. Long term vision like you said and I totally agree that it is a great time to invest. Setting up my small scale mining farm in my hometown, Mexico. Peace.
.05 cents per kwh? Where are you located and how are you getting such a low rate? Thanks BTW for your content. I just got a hold of a the same new 104 th unit and am preparing to get it set up.
Thank you for the info Hobbyist Miner been GPU mining for about 6mths in Ontario, Canada n been very interested in that exact miner your video was very helpful thank you( ps. I’m a new subscriber from Sebs channel good video you guys did together you should do more going forward)
Great video bro 👍
Thanks for the🔱🔱🔱🔱🔱great job 👏 I received my Bitcoin with joy and happiness from my heart ♥️ I won’t stop purchasing more of your script.kudos to you for your help
Thanks for the🔱🔱🔱🔱🔱great job 👏 I received my Bitcoin with joy and happiness from my heart ♥️ I won’t stop purchasing more of your script.kudos to you for your help
Am not scared to invest anymore
This website above⬆️are the best.legit and trustworthy
Am not scared to invest anymore
This website above⬆️are the best.legit and trustworthy
Am not scared to invest anymore
This website above⬆️are the best.legit and trustworthy
i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market… can anyone help me out or at least advise me on what to do?
Dear Hobbyist Miner I love your channel and content this is the very first time I have added a comment to anyone in the 15 months I have been watching YouTube
And my humble opinion I know everyone has them you are smoking the good shit
Before making this one, very few people can afford to put out that kinda money
A have no profit until BTC goes up, and when it does go up the the suppliers raise
The price of the miners to keep the
30 to 40 month roi , this is no secret
Again I love your channel I have learned from you, but I think your stretching reality a little. It would be high pay off gamble , I am not believing the risk is worth it.
Right now it is better to buy the coin instead of the hardware!! ASICs are way over priced for this bear market.
So much spam in the comments. Needs to be cleaned up.
my s19j pro generate 10.5 profit in a day – 7 dollor in eletricity = 3.5 dollar per day in pure profit, i bought this shit machine 3 weeks ago with the price of $9302 and now it will take me 2657 days to breakeven, if i take all those money invest in garage sales, i would probally make 25k in 3 months. So guys, please save your money and invest to somewhere esle, i already suffer so you guys dont have to
my $32 in BTC I get daily will really be $120 daily when we see 100k BTC in the next few years….
Like news all
No issues whatsoever dealing with $isze6 he's the real deal
This team~ (the username on top this comment on Instagram) is the reason behind my smile after the successful transfer of $18k you made this a beautiful one for me
This team~ (the username on top this comment on Instagram) is the reason behind my smile after the successful transfer of $18k you made this a beautiful one for me
Just buy it and run it to hodl for retirement. As price goes up you make more coinage than dollar coat averaging the same electric price every week. At least that is my assessment. And what I plan to do once I get the money
thanks for the info, but not thanks for buying a asic btc miner, with btc almost depleted, a max supply of 21million and 19million already mined. its a gamble to buy an expensive asics. if you have a free electricity i would. but for a 3000watts power, no thanks. i would rather stick with versatile gpu mining.
Good info , thanks friend !!
Nice breakdown! Looking forward to more videos
Network difficulty has continued to jump even with the decline in price. Asic manufacturers' revenue tripled last quarter. I believe we will see a correction in a couple of months as the lesser capitalized miners get shaken out of the market. I am waiting until they go under $4500 a unit. I have been buying Bitcoin since it went under 30k instead of getting more hardware.
Great info…thank you
Where did you get the information that yield is up? Hashrate goes up every day
Nice video! If I had the place to put it for heat/sound, and the power, I'd have one running to stack some BTC while the market is down.
But alas, I'm a peasant 🤣🤣
please stop talking with your hands.. and get to the subject of the vid.. you took roughly 8 min to get to the actual subject.
Thank you