Whenever someone becomes interested in Bitcoins and becoming a Bitcoin colocation miner, they want to know what type of profit they can expect. Those who want to make the most money possible are naturally going to want to have a high-quality machine, such as the Bitmain Antminer S9. To understand more about the profitability potential, it is important to understand what this machine can offer.
How Much Can You Make?
Unfortunately, this is a question that is difficult if not impossible to answer for a host of reasons. There is no “set” amount of money that you can make when you have one of these machines up and running, and that is because this is not a static endeavor. This simply means that there are changes occurring that you will have no control over. For example, the price of a Bitcoin is going to change. Currently, the value of a single Bitcoin is around $8936. However, this changes daily, so the exact profit is impossible to determine.
In addition, over time, the difficulty of mining Bitcoins increases. In fact, the difficulty will change about every two weeks. You will also have more and more people who are mining. All these factors can make it more difficult to determine exactly how much profit you are capable of making.
However, you can get a better idea of just how much money you might be able to make, and how many Bitcoins you could get per month when you factor in all the costs involved, and the power and efficiency of the S9.
Consider the Costs
One of the first things that you will need to consider with the Antminer S9 is the cost of the machine. While the prices can vary from one vendor to another, you will find that they are typically going to cost around $2,000 per machine. They can perform 13.5 TH/s, and each TH is a trillion calculations. Therefore, this can perform 13.5 trillion calculations each second, which is quite impressive. It remains one of the top machines on the market for its hashing ability, currently only outclassed by the new Dragonmint miner machines.
The S9 is also an efficient machine at 0.098 watts per gigahash. Because it is efficient, it means that you can utilize less electricity than some other machines to achieve the same or better results. However, you do need to make sure that when you use the machine you understand what the electricity rate is in the area where the machine is operating. Most people choose to utilize datacenters that are located in states and cities that have low energy costs, as this can help with the efficiency of running the machine and making it more profitable.
The number of machines that are operating is going to factor into your profitability, as well. More machines will mean more calculations and therefore a potential increase in profit. For this reason, many choose to join pools with other miners, and then they can mine more Bitcoins with a chance of more profit. However, it will be split with the other minters.
Typically, an Antminer S9 has the ability to create about $2,000 or slightly less in a year depending on various factors. As you can see, it does take time and an investment in these machines if you hope to make a great profit, but it can be done. It is very important that you keep up with all of the changes in the world of Bitcoin mining, and that you are willing to upgrade the machines every few years as the need for faster and more powerful machines arises.