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In 2023, is it suitable to use miners to mine or buy coins?

In 2023, is it suitable to use miners to mine or buy coins? In recent years, with the increasing popularity of blockchain technology and the rapid development of digital currency, more and more people have joined the team of mining and buying of coins. In 2023, for most people, choosing to use a miner to mine or buy coins will be a critical decision. Advantages and disadvantages of miners High power consumption, high cost, and high technical requirements are the salient features of miners' mining. But at the same time, miners also have a stable income from mining and have the advantage of controlling the speed of block verification. Here are a few viable Bitcoin miners and their profitability in 2023. Antminer S19 Pro is a miner produced by Bitmain , which is very popular in the market. It is equipped with 114 BM1398 ASIC chips , which can achieve a faster and more stable mining experience. It is estimated that the average daily income of this type of miner in 2023 will exceed 120

Antminer T17 series profit comparison

Antminer T17 series profit comparison

The current Antminer T17 series under Bitmain includes four types of miners: Antminer T17 40TH/s, Antminer T17 42TH/s, Antminer T17e 50TH/s, Antminer T17e 53TH/s.

Antminer T17e 

Antminer T17 40TH/s and Antminer T17 42TH/s are ASIC miners using Bitcoin SHA-256 algorithm with 7nm ASIC chip technology. Antminer T17e 50TH/s and Antminer T17e 53TH/s are ASIC miner using SHA-256 algorithm with 16nm ASIC chip technology.Those four types of miners were listed in 2019.
Antminer T17 series specification comparison:

Model

Antminer T17 (40TH)

Antminer T17 (42TH)

Antminer T17e (50TH)

Antminer T17e (53TH)

Release

May 2019

May 2019

November 2019

November 2019

Size

298 x 178 x 296mm

298 x 178 x 296mm

175 x 298 x 304mm

175 x 298 x 304mm

Noise level

82db

82db

80db

80db

Fan(s)

4

4

4

4

Power

2200W

2200W

2915W

2915W

Voltage

12V

12V

12V

12V

Interface

Ethernet

Ethernet

Ethernet

Ethernet

Temperature

5 – 45 °C

5 – 45 °C

5 – 45 °C

5 – 45 °C

Humidity

10 – 90 %

10 – 90 %

5 – 95 %

5 – 95 %

The acceptable input voltage of the Antminer T17 series is 220V.
The user should use the equipment according to the specifications and instructions because any wrong input voltage will likely cause the miner to stop working.
The typical condition has a minimum reference power and a typical AC input voltage, and the maximum condition has a maximum reference power and a minimum AC input voltage.
T17e series in low power consumption mode, the maximum hash rate is about Typ hash rate *103%.
Antminer TS9 series profit comparison:

Calculation Parameters

Version

Antminer T17 (40TH)

Antminer T17 (42TH)

Antminer T17e (50TH)

Antminer T17e (53TH)

Power Consumption (Watts)

2200W

2200W

2915W

2915W

Electricity Cost (per KWh)

$0.1

$0.1

$0.1

$0.1

Coin

Bitcoin

Bitcoin

Bitcoin

Bitcoin

Manufacturer

BITMAIN

BITMAIN

BITMAIN

BITMAIN

Hash rate

40 TH/s

42 TH/s

50 TH/s

53 TH/s

Algorithm

SHA-256

SHA-256

SHA-256

SHA-256

Payback

3,702 days

80 days

69 days

66 days

Duration

never

never

2286

never


Estimated Power Cost

Version

Antminer T17 (40TH)

Antminer T17 (42TH)

Antminer T17e (50TH)

Antminer T17e (53TH)

Daily Power Cost

$5.28

$5.28

$7.00

$7.00

Weekly Power Cost

$36.96

$36.96

$49.00

$49.00

Monthly Power Cost

$158.40

$158.40

$210.00

$210.00

Annual Power Cost

$1,927.20

$1,927.20

$2,555.00

$2,555.00


Estimated Revenue W/O Cost

Version

Antminer T17 (40TH)

Antminer T17 (42TH)

Antminer T17e (50TH)

Antminer T17e (53TH)

Daily Revenue

$13.11

$13.77

$16.39

$17.37

Weekly Revenue

$91.77

$96.36

$114.73

$121.59

Monthly Revenue

$393.30

$413.10

$491.70

$521.10

Annual Revenue

$4,785.15

$5,026.05

$5,982.35

$6,340.05


Estimated Profit After Cost

Version

Antminer T17 (40TH)

Antminer T17 (42TH)

Antminer T17e (50TH)

Antminer T17e (53TH)

Daily Profit

$7.83

$8.49

$9.39

$10.38

Weekly Profit

$54.81

$59.43

$65.73

$72.66

Monthly Profit

$234.90

$254.70

$281.70

$311.40

Annual Profit

$2,857.95

$3,098.85

$3,427.35

$3,788.70

Disclaimer:
The Above Profit Table is a carefully calculated estimate based on known real-time factors and Parameters. The actual values may or may not vary significantly from the values provided in the table above. The Above table is only meant to provide insights and afford Ideas to any cryptocurrency miner looking to purchase this particular Product for Mining Purposes.

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