Our article is a Bitcoin miner Antminer S17 review, published in 2019. It was a huge release from the Bitmain company, one of the leading players in mining hardware production.
In this Antminer S17 review, the main pros and cons of this miner are addressed and compared to direct competitors.
Antminer S17 Review: Summary
For those who doubt whether it is worth reading our entire Antminer S17 review and creating an Antminer account, let’s say right at the start – Antminer S17 is a profitable ASIC miner under the current conditions. With its use, you will get a positive return on investment. While cheaper bitcoin mining products can now be found, you can use the Antminer S17 if it is available to you at an attractive price.
Antminer S17 Review: Features
Bitmain worked hard on the Antminer S17. They were able to greatly improve it compared to their predecessor miner, the Antminer S15. First of all, the hashing power has been increased.
For visual comparison:
- Antminer S15 hash rate is 18 to 28 terahash per second (Th/s)
- Antminer S17 hash rate is 50 to 56 terahash per second (Th/s)
This is an amazing result. Finally, Bitmain was able to do something that impressed everyone to provide the highest experience.
The work of this miner is based on the second generation BM1397 chip (7-nanometer chip architecture). As with the previous S15 miner, the Antminer S17 does not require an additional power system. It comes with a power supply attached to the miner’s chassis.
Antminer S17 Specifications
As mentioned above, this miner hash rate can reach 50 to 56 Th/s. The specific hash rate depends on the batch and the product version.
Let’s talk about the power consumption of this product separately. It depends on several factors and can range from 39.5 joules per terahash (J/TH) to 45 J/TH. The miner’s fans consume a significant portion of the energy. So, if you want to reduce the load on the power grid, you need to keep your mining equipment cool and well ventilated.
On average, around 2094-2568 watts per hour are consumed at normal ambient temperatures.
Antminer S17 and Antminer S17 Pro
The manufacturer has decided to release two models called Antminer S17 and Antminer S17 Pro. The fundamental difference between the two mining equipment units is the power management modes of these ASICs. This feature was first introduced in the S15.
The Antminer S17 has two modes while the S17 Pro has three performance modes:
- Antminer S17 and S17 Pro – Low Power and Normal Mode
- Antminer S17 Pro only – Turbo mode
Such modes are required by professionals for the successful management of their mining operations. Electricity is one of the main consumption items for miners, so the ability to customize it is a very beneficial feature for them.
Antminer S17 Review: ROI
ROI is the abbreviation for Return on Investment. Let’s have an ASIC Antminer S17 review in the case of ROI.
It’s worth mentioning that all Antminer S17 and S17 Pro sales have been sold out in about 5 minutes on the manufacturer’s website. That is, if you want to buy this miner, you will have to turn to resellers, and this is not always profitable. Many backed miner sellers charge exorbitantly high prices for their products, which are very difficult to recoup. Therefore, it is worth counting everything and thinking carefully before making these purchases.
To make the right decision, you need to understand how long it will take to recoup not only the purchase of the miner itself but also how much money will be spent on its operation and maintenance. The shorter this period, the better and the more likely it is that your business will pay for itself.
The competition in the mining industry is proliferating, which must also be taken into account when making calculations.
The Antminer S17 will pay for itself in about a year. But if there are big changes in electricity costs or the Bitcoin price, then this term changes.
To increase your profits, it pays to find an area with low electricity prices. This is one of the main outputs of professional miners, so minimizing it will significantly aid the process.
The next major edition is the Antminer S17 itself. The ideal and most profitable option would be to buy it directly from the manufacturer – the Bitmain company. But most likely you will have to look for it at dealers. In this case, the miner will cost you more and, accordingly, it will take longer to pay for itself.
Community Adoption and Competition
When Bitmain released their Antminer S17, they decided to target individual miners first. Therefore, it was decided to limit the maximum order quantity to 10 units. At the same time, large corporations around the world could still incorporate these SHA 256 miners into their day-to-day lives, for example, an Asian venture capital firm called Fundamental Labs (they invested $44 million), as well as other large corporations and miners.
In the cryptocurrency space, there is an extensive debate about the competition between Bitmain, MicroBT, and InnoSilicon. But we can say that InnoSilicon miners are still inferior in quality to other manufacturers. Their products are not as efficient and fast as those of the competitors mentioned.
But the Chinese company MicroBT launched a worthy competitor – Whatsminer M20S. Its performance is more decent. It gets 70 th/s for an electrical efficiency of 47 J/th, which is approximately 3360 watts per hour.
In summary, we can say that a Bitmain product can be a great solution when bought directly from the manufacturer. Buying these ASIC miners from a reseller costs consumers a lot more money. This can negatively affect efficiency. For the client to make the right choice, we recommend using the bitcoin mining calculator. But remember that the mining market is subject to major changes; Increasing profitability even for 2-3 months can have an unpredictable effect. The cost of bitcoin can change by any amount, while the price of electricity usually only grows.
Bitmain has established itself as one of the best mining equipment manufacturers, but they now have a strong competitor in the form of MicroBT. If you don’t have the opportunity to buy the Antminer S17 at the retail price set by Bitmain, then it might be more profitable for you to take a closer look at MicroBT.
Why Bitcoin cloud mining?
An unknown individual or group called Satoshi Nakamoto introduced the Bitcoin network in 2009. In 2021, there will be more than 10,000 different projects in cryptocurrencies. So each of them has its role in building the future of money.
The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021. It passed $ 2.5 trillion less than three months later. So it shows that this market is one of the growing markets favoring its investors.
The Minerland Bitcoin Cloud Mining is a cloud miner website. It will join a pool and purchase a certain amount of hash power. In this pool, the profit will distribute equally among all participants who have participated in the mining pool. It will happen based on hash power. Also, the cloud mining platform allows you to mine your BTC. You can do it without installing any hardware and at no extra cost. So Minerland is the best crypto cloud mining service to earn Bitcoin. It helps you invest in Bitcoin easily and with low risk. For more information about us, you can follow Minerland’s Instagram account.