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?
You can never get the right estimate of setting out the mining plant because you may likely omit some costs which cannot be account for.
I don't know much about bitcoin halving but if I am right, it is a time where miners reward will be divided by halve which maybe is the reason why the price of Bitcoin is going high during halving so that miners can keep their work and maintain the little bitcoin, they mine.
If this is right, then it will be better if you invested these money in Bitcoin and wait for your profit instead of going through the mining stress.