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?
Have you deducted the personal labor on the maintenance of your farm? Also the possibility of a unit malfunctioning along the course of taking ROI? The possible noise pollution and the discomfort of running multiple mining rig at the same time? If you are ok with those troubles then I think it is ok to setup a mining farm of 10 units of S19XP.
If I am in our shoes, I would rather buy BTC directly with that amount. You are spare of the burden of setting up a mining rig, the maintenance and the negative possibilities that may happen along the way. Having the investment fund converted directly to Bitcoin, it gives you a direct ROI and profit if in a month or two the price of BTC goes up which setting up a mining farm won't give you asap.