What is the best mining rig to mine Bitcoin? How much does it cost?

Since 2019, the hot market of cryptocurrencies has brought about a surge in mining demand, and more and more people have begun to try to mine Bitcoin. So, what are the best bitcoin mining rigs out there? What is its investment cost? Is it suitable for ordinary people to invest? How much does Antminer S19 cost and Antminer S19 Pro cost? Is it worth the investment?

Due to the increasing difficulty of Bitcoin mining, professional mining equipment must be used to mine Bitcoin, at the same time, due to rising energy prices and low cryptocurrency values, the cryptocurrency mining industry is facing challenges on multiple fronts. For cryptocurrency believers, how to choose a suitable long-term mining machine?

The sharp drop in cryptocurrency prices is a challenge and an opportunity for miners

In May 2021, China expelled crypto miners, which happened as cryptocurrency prices climbed to new all-time highs.

As Chinese miners leave the Bitcoin mining network, cryptocurrency prices continue to climb, reaching new heights never before seen, and bringing huge rewards to crypto miners who start mining before 2021.

But just like the market for cryptocurrencies that have slumped into troughs before, cryptocurrency prices are starting to pull back in 2022 after a price peak. As the price of cryptocurrencies is getting lower and lower, many miners have been unable to pay the electricity bills needed to operate and have to shut down.

But this law also reveals a simple investment logic in cryptocurrency mining: cryptocurrency mining is a long-term investment, and the return is not at the moment. Only investors who persist in cryptocurrency mining for a long time can get rich returns .

The cost of cryptocurrency mining machines is closely related to the price of cryptocurrency. When the price of cryptocurrency rises, the price of mining machines also rises. At this time, as the price of cryptocurrency falls, the price of mining machines also ushered in the lowest price period. Therefore, for investors with sufficient funds, as long as you have confidence in the future of Bitcoin, this is the best time to buy mining machines.

Considering the rising difficulty of mining, when purchasing a Bitcoin mining machine, it is necessary to choose a mining machine with a higher hash rate in order to adapt to the future market. Please note that Bitcoin currency mining is a long-term investment, and the return is not immediate. Therefore, when choosing a mining machine, be sure to choose the most advanced mining machine, such as Antminer S19.

What is Antminer S19?

Antminer Antminer is the world's largest cryptocurrency mining machine brand with a market share of about 70%. The mining machine is developed by Bitmain. Antminer S19 and Antminer S19 Pro are the flagship mining machines released by Bitcoin Mainland in February 2020 and will be available for sale in March 2020.

In terms of performance, the Antminer S19 and Antminer S19 Pro will almost certainly beat all the machines on the market today. According to official data from Bitmain, Antminer S19 Pro has a computing power of 110TH/s, a power consumption of 3250W±5%, and an energy efficiency ratio of 29.5J/TH±5%. According to the current mining difficulty, one Antminer s19 Pro can mine 0.00045760BTC per day.

At present, Bitcoin Mainland has also launched a new high computing power mining machine of the Antminer S19 series:  Antminer S19 XP Hyd (255Th). Antminer S19 XP Hyd (255Th) has a maximum hash rate of 255 Th/s, an efficiency of 0.021j/Gh, and a maximum power consumption of 5304W. It is one of the few mining machines that still remains profitable.

Antminer S19 cost and Antminer S19 Pro cost

If you want to mine with Antminer S19 and Antminer S19 Pro, now is the best time to buy Antminer S19 and Antminer S19 Pro. Once, the Antminer S19 cost and the Antminer S19 Pro cost three or four times as much as they do now. According to the current market price, the cost of Antminer S19 is about two thousand dollars, and the cost of Antminer S19 Pro is more than two thousand dollars.

Miners are not ordinary consumer goods, they are means of production. From this point of view, the Antminer S19 cost and the Antminer S19 Pro cost are insignificant. Even with the occasional bear market in Bitcoin, the price of Bitcoin has maintained an upward trend in the long-term trend. So Antminer S19 cost and Antminer S19 Pro cost are very worth it.

The cost advantage of Antminer S19 is also reflected in its configuration. With the increase of mining difficulty, the once-popular mining machine models will also become obsolete models, and the configuration of Antminer S19 is still in a leading position in the market and will not be eliminated by the market in the short term.

Of course, some miners may not be able to afford the Antminer s19 Pro, but they don’t want to miss the best time to buy a mining machine, so they can consider buying the Antminer s19 Pro in LLGO in installments: low loan interest, installment repayment, and the property right belongs to the user. By paying in installments, miners can greatly reduce the cost of buying Antminer s19 Pro.

If you want to own an Antminer s19 Pro, please contact LLGO, we will be happy to provide you with a variety of solutions to make the cost of Antminer s19 Pro meet your psychological expectations.

Frequently Asked Questions:

Q1:How much can Antminer S19 make in a day?

A1:At present, the model with the highest computing power of the Antminer S19 series is  Antminer S19 XP Hyd (255Th), the maximum hash rate is 255 Th/s, the efficiency is 0.021j/Gh, and the maximum power consumption is 5304W. The miner currently mines about $155 worth of bitcoin per day. Taking into account the electricity consumption, the Antminer S19 XP Hyd (255Th) currently earns about 2~3 dollars per day.

Q2:Is Antminer S19 Pro profitable?

A2:According to official data from Bitmain, Antminer S19 Pro has a computing power of 110TH/s, a power consumption of 3250W±5%, and an energy efficiency ratio of 29.5J/TH±5%. At present, the Bitcoin mined by the miner is worth about 7 US dollars per day. Considering the electricity consumption required for the operation of the miner, the Antminer S19 Pro is currently not profitable.

Q3:Will mining be profitable in 2022?

A3:Whether cryptocurrency mining is profitable in 2022 is closely related to the financial strength of mining investors. Mining investors with strong financial strength can choose mining machines with higher computing power to achieve profitability.

Q4:Which miner is the most profitable?

A4:Currently the most profitable is  Antminer S19 XP Hyd (255Th), with a maximum hash rate of 255 Th/s, an efficiency of 0.021j/Gh, and a maximum power consumption of 5304W.

Q5:Is it illegal to mine bitcoin?

A5:Whether mining Bitcoin is illegal depends on the local laws and regulations of mining investors. Currently, mining is legal in some countries and regions, but in some countries and regions, mining Bitcoin is illegal. For example, it is legal to mine bitcoin in the United States, but in China, it is illegal to mine bitcoin.