Is bitcoin mining machine profitable?

Since April, the price of the currency has started to rise in a wave of small bull markets. The highest price has reached nearly 8,000 US dollars. Under this market, many miners have doubts. Is this time to buy coins or mine? In fact, the question is basically concerned about a problem of income. The price of the currency rises rapidly. It seems that the purchase of coins is of great income, but the hidden risks are not lower than the income. Sure enough, in the first two days, the price of the currency began to drop sharply, which made the investors who made a lot of money in the previous period suddenly open their positions. It can be seen that the risk of buying coins is directly proportional to the income. In contrast, the revenue from bitcoin mining is much more secure.

For example, even in December last year, the lowest price was $3,200. Although the mining power of the whole network has dropped to 35 million TH/s, for miners who will mine bitcoin, the miners who receive preferential electricity bills can still find good returns. Although the net computing power of bitcoin mining has risen to 46 million TH/s, a one-third increase, but the price has more than doubled. Many old mining machines can now dig up good returns.

For example, in the previous two years, Bitcoin’s old bitcoin mining machine, Ant Mining Machine S9, although this bitcoin mining machine is the old mining machine in 2016, but with bitcoin rising to more than 7,000 US dollars, this bit mainland The ant mining machine S9 also began to turn profitable. If you can buy the latest bitcoin mining machine - Ant Mining Machine S17, then you may dig a bigger profit. Ant S17 has a computing power of 56TH/s. Through the calculation of income, if it is in the low electricity mine, the miners can earn nearly 2898.6347 US dollars per year.

However, bitcoin mining wants to get more benefits. To a large extent, it is still a patent for mines with cheap electricity bills. Under the blessing of low electricity bills, the profit of bitcoin mining can be maximized and it is safer than buying coins. many. At present, the electricity bill in the domestic wet season is about 0.0507 US dollars per degree. Under the current currency price, we take the big bitcoin mining machine - Shenma mining machine M10 as an example, Shenma M10 one year mining income Can reach about 2318.9078 US dollars, compared with the initial price of the mining machine 808.7191 US dollars, the income is very impressive, if it is in the lower electricity tariffs of overseas mines, such as RHY mine, under the low electricity bills as low as 0.0275 US dollars per degree, God Ma M10's annual mining revenue can reach almost 2898.6347 US dollars. 

The income is more than the domestic flood season mines, so many miners also moved to RHY these overseas mines. On the one hand, it is the reason for low electricity bills. On the other hand, the domestic policy environment has already fixed the supervision of mine mining. One of the industries that were eliminated, the income they also escaped from the complex environment of the domestic mines at this time, embracing the overseas low-cost mines.

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