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?
It depends actually. Mining is lot more than just making profit. If you mine and keep selling them, there is no reason to buy mining gears. But, If you can pay the electricity costs from your pocket or you sell coins only to cover your electricity costs, then you should go for mining. We are around 278 days far from the next halving event.
We are observing 29K at this moment which may get doubled before the halving. The current block reward is 6.25 which will be 3.125 after the halving. Mining is fun as well. Sometimes you need patience. I feel like your electricity cost is fairly low compared to the most part of the world.