Antminer S19XP Profitability: How the S19XP Stacks up to Other Top ASICs

Bitmain unveiled its newest miner on the final day of the company’s World Digital Mining Summit in Dubai this week. So what exactly is the Antminer S19XP’s profitability and how does it stack up to other top Bitcoin miners?

The S19XP’s hashpower clocks in at 140 TH/s with an efficiency of 21.5 W/TH and a wattage of 3010 W. The S19XP’s profitability is currently $53 a day, according to the value of hashprice when this article was published.

Antminer S19XP Profitability

Since the S19XP can earn $53 a day, if miners had this machine available in the aftermath of China’s hashrate blackout, they would be sitting on some pretty profits, earning 27% more with the rig than they would with the S19 Pro.

How much money and S19XP would make vs other top ASICs if it were launched earlier this year

The Antminer S19XP is the latest in the S19 series and Bitmain’s newest product offering since the S19J and S19J Pro launched in June of last year. The world’s largest ASIC manufacturer has started taking preorders for the machine, and it estimates that the orders will be shipped to farms in Q3 of 2022. For this first batch of orders set for delivery in Q3, Bitmain is selling its new darling for $75/TH (or $10,500 a pop).

Antminer S19XP Price

Even with the S19XP’s immense hashrate and efficiency boosts, at $10,500 per rig, the S19XP’s price per terahash is selling at a 28% discount compared to other S19 machines. Preorders are typically cheaper than spot prices in the secondary market because buyers are purchasing thousands of machines at a time, but the S19XP’s lowish price also comes from the 8–10 month lead time (and potentially even longer) that miners will face from purchase to deployment.

Who knows where bitcoin’s price will be then. And by extension, how profitable it will be to mine roughly a year from now. There’s a non-trivial chance that hashrate will double by the end of next year, and deployment of these machines (which produce anywhere from 40–66% more hashrate than other S19 models) will only contribute to the deluge of hashrate that is forecasted to saturate the market in 2022.

Of course, given that the S19XP is anywhere from 27–40% more efficient than other S19 models on W-per-TH basis, any miners who get their hands on this new model will have an easier time outrunning the bear if a market downturn coincided with exponentially increasing mining difficulty.

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Luxor is a Bitcoin mining pool and full-stack crypto mining company. The financialization of hashrate starts with us. https://www.luxor.tech/

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Luxor Tech

Luxor Tech

Luxor is a Bitcoin mining pool and full-stack crypto mining company. The financialization of hashrate starts with us. https://www.luxor.tech/

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