I’m considering adding an S21 Pro to my home mining setup, but I’m hesitant due to the high electricity costs here in Ireland. I’m worried the earnings might just cover the electricity bill. My other option is to go for an S21e XP Hydro and host it instead. Any suggestions?
We would need to know your electric rate per kWh, however based on the average rate in Ireland of €0.34, you should expect the following:
Cost to run 1 x S21 Pro per day: €28.64
BTC earnings per day: €13.58
Total loss per day: €15.06
Hosting companies are mostly scams - and very unlikely anyone would host one single unit like that. Typically you will need to invest in 10 units or more, purchased through the hosting company. But expect to get ripped off!
Your best bet would almost certainly be to invest in BTC and hold, rather than mining.