In this article, we want to review one of the most famous devices in this field. According to an official statement from Bitmain, it has recently announced the imminent release of the latest generation of Miner Ant Miner s17 Pro and T17 Pro devices.

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These new devices have a higher hash rate than previous generations along with a relatively more competitive power consumption rate. Both devices are expected to be available for purchase on October 11, 2019. The Antminer S17 is priced at $ 2,750 and is not available for T17 + at the time of writing, but we assume they are compatible with other devices that BitMin has released in the past. Take a look at the new devices with us to check the quality of these devices to extract bitcoins together.

Over the past few years, Bitcoin has been regularly releasing updated devices to its Antminer line. These devices are often at the top of their class in terms of hash size, but their dominance is often quickly challenged by rival ASIC companies. Another issue that plagues devices on a regular basis is its hoarding and resale at high prices. In recent years, it has become common for devices sold by BitMin to become unavailable for retail price quickly, with secondary vendors appearing everywhere, announcing prices four times or more for sale.

We have to see if the demand for these devices has decreased or if Bitmain has somehow been able to produce enough devices so that this time there is no shortage. According to this version, the company will launch not one but two different ASIC miners at different points (probably) at different prices and hash rates. The flagship S17 Pro has a hashing speed of 72 Th / s and consumes about 2920 watts of power. The second device, the T17 +, which mines bitcoins at approximately 64 TH / s and consumes 3,200 watts of power.

Minor figures for s17 Pro and T17 Pro

The big question is – are these devices profitable now? For our calculations,   we used the Coinwarz mining calculator and assumed a price of $ 0.10 per kilowatt of electricity. All other variables, such as the difficulty of extracting the Bitcoin network, are in their defaults, which are based on regularly updated data.

Based on what we found, the S17 + is profitable for mining and cloud mining, but not so easy. The calculator shows that running the S17 Pro 24 hours a day, seven days a week for a whole year (assuming no change in network stiffness, which is unlikely to be expected with a more powerful device), results in an almost equivalent result. It will have half a bitcoin or 0.52212548 BTC. However, when you save on electricity bills, you can almost halve your potential income at an estimated cost of $ 2,557.92. Looking at another device, you can potentially extract about 0.45156798 BTC per year at a cost of $ 2,803.20 in electricity costs.

Is mining with these devices worth it?

This is a difficult question because it is based on a number of variables that it is impossible to predict one by one. It makes sense to assume that as soon as the Ant-Miner s17 Pro or T17 Pro enters the market, they quickly become the standard for hash rates, thus increasing network rigidity and reducing device performance.

Second, since the price of bitcoin has been hovering around $ 8,000 to $ 10,000 for some time, if one intends to sell all the bitcoins produced immediately for a profit, they can probably only afford the cost of hardware and electricity. Make it after the first year and you will not see much benefit from it. Of course, if the price of bitcoin goes up or down, the result will change.

However, before anyone pays attention to mining, this is a useful exercise to think about what happens if you want to continue mining with only half a bitcoin. At today’s prices, half a bitcoin will be priced at approximately $ 4,200. Compare that to the Bitmain S17 +, which will probably cost you close to $ 2,000!

If you simply buy bitcoins, you will have one bitcoin at the end of the whole year without having to worry about running flawlessly on a hot and noisy piece of hardware and spending cash to pay your electricity bill. Be monthly. If the price of Bitcoin goes up, you will see the same buying advantage as you will use to extract it, with the difference that you have kept your Bitcoin in your digital currency wallet all this time!

Should I buy one of these devices?

You may be wondering, if bitcoin mining has no advantage over buying and maintaining it, and even worse in some cases, then for whom are these mining devices made? The answer to this question is really simple!

A large amount of bitcoin mining is being carried out by major players on an industrial scale around the world, such as companies that lease miners and cloud mining, such as  Genesis Mining ,  Hash Flair ,  Partner Miner,  and others. These companies have access to cheap electricity on a very large scale.

Often, these companies and individuals in a relationship can buy hundreds or even thousands of Ant-Miner 17 Pro or Ant-Miner T17 Pro devices at great discounts and at very affordable prices, which will ultimately lead to their profitability.

But if you are a real person who wants to buy one or two miners and use them in your bedroom or warehouse where you live or work, it is better to give it away and instead of mining, bitcoin Buy.

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