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?
Let's do some math
S19 XP = $3145
10 x S19XP = $31450
Ethernet cable, PC, and other accessories for configuration = $2000, So lets assume the total cost will be $35000
Daily earnings from units will be $83 so you need to run 35000/83= 421.5 days to make the capital alone. Remember I didn't include the operational costs which is maintenance and cooling.
And the price of bitcoin is highly volatile so your profits will be highly dependent on BTC price, Mining difficulty.
I will prefer to buy the bitcoins directly instead of mining and accumulating over the years because I feel it is best choice especfially when we have low capital but the profits will not be steady as mining so I presented the calculation so you can decide which one suits for you based on your preference.