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How to calculate Antminer s17 pro profitability?

How to calculate Antminer s17 pro profitability?

  • 13 April 2021
  • 1609 View

The Antminer s17 pro profitability as a hardware miner for Bitcoin mining has a positive return on investment. Of course, with the advent of more companies in the mining hardware market, if you cannot find the S17 at a reasonable price, it will be easier to find cheaper options than Bitmain.

The Antminer S17 Pro has been a very confident choice for miners in 2020 and 2021. However, any fluctuations in the price of cryptocurrency affect this computation as well as changes in electricity costs.

The price or difficulty of Bitcoin may vary at different times. A mining calculator can be used to calculate the Antminer s17 pro profitability. In these calculators, cost and difficulty are updated automatically.

If you want to buy S17 you should consider that it would take longer to have the miner pay back its cost. However, the S17 miner is very effective in energy saving. So you should expect it to be profitable for a long time, especially if the price of bitcoin rises.

Antminer s17 pro profitability

Antminer S17 Pro

What are the specifications of the Antminer S17 Pro?

The hash rate is a mathematical problem that the processor of a miner needs to solve. The hash rate at the Antminer S17 Pro indicates mining performance, which is 53TH / S. This rate has an effect on the Antminer s17 pro profitability and shows how many miners can calculate per second. The performance of Antminer S17 Pro is poorer than Antminer T19, but still, in many cryptocurrency cloud mining services, it utilizes crypto mining.

Each miner consumes a different amount of energy. Before the calculation of Antminer s17 pro profitability, you must find out the exact amount of mining power consumption. In Antminer S17 pro it is 2094W. Its low power consumption is the reason it is used in crypto cloud mining farms.

Antminer s17 pro profitability

Antminer s17 pro specification

How much is Antminer s17 pro profitability?

Bitmain Company has used many features to make Antminer s17 pro profitability better. The Antminer s17 pro utilizes the SHA-256 algorithm with an uppermost hash rate of 53 Th per second for electricity consumption of 2094 Watts.

The Antminer s17 pro profitability in recent three months of February to April on 2021, is shown in the below chart:

Antminer s17 pro profitability

Antminer s17 pro profitability chart

The Antminer s17 pro profitability based on income and electricity per specified periods in the above months is recorded in the table below:

Period

day

month

year

Income

$21.86

$655.70

$7,868.41

Electricity

-$6.03

-$180.92

-$2,171.06

Profit

$15.83

$180.92

$2,171.06

In the above table, the average cost of electricity is $ 0.05 per KW-hour. If you want to calculate the Antminer s17 pro profitability precisely, you should notice that the price of power consumption may differ for each area. The processor of Antminer s17 pro uses algorithm SHA-256 for mathematical calculation that is useful in Antminer s17 pro profitability, see the information about its algorithm in the table below:

Algorithm

Hashrate

Consumption

Efficiency

Profitability

SHA-256

53 Th/s ±5%

2094W ±10%

0.04 j/Gh

$15.83 /day

What are the features of Antminer S17?

The S17 hardware miners work with the 2nd-generation BM1397 chip. It utilizes the architecture of a 7nm chip that was used in the Antminer S15 before.

The Antminer S17  has a large increment in hashing power in contrast to the S15. This feature affects the Antminer s17 pro profitability. In the Antminer S15, the hash power reaches 18 to 28 mph (Th / s) depending on the operating mode.

While in the latest Antminer S17 model, the hash power has reached 50 to 56 TH / s. The hash rate increase was almost double compared to the two models. This remarkable rise is due to the tremendous technological advancement in Bitmain products.

The Antminer S17, like the previous model, has a PSU connected to the Miner frame, so you do not need to buy it separately. It increases a little to Antminer s17 pro profitability.

Bitmain conquered the global usages of miners, by producing and offering miners in two types of production groups, means S17 and S17 Pro.

Antminer s17 pro profitability

Antminer S17 Pro profitability calculator

What are the specifications of the Antminer S17 Pro?

For calculating the Antminer S17 Pro profitability we should know about the characteristics of Antminer S17 Pro. For having better Antminer S17 Pro profitability, a higher Hash rate and lower electricity consumption are necessary. As you know, the cost of miners with premier hash rates is usually high. Recently, the network difficulty of Bitcoin has increased. The manufacturers of bitcoin mining devices try to produce miners that reduce the network difficulty. In the table below the specifications of Antminer S17 Pro are recorded:

Manufacturer

Bitmain

Model

Antminer S17 Pro

Release

April 2019

Size

178 x 296 x 298 mm

Also known as

Antminer S17 Pro – 53TH/s

Hash rate

53 Th / s

Weight

9500 g

Noise level

82 db

Number of Fans

4

Power

2094 W

Voltage

12 V

Interface

Ethernet

Temperature

5 – 45 °C

Humidity

5 – 95 %

Chip name

BM1397

Chip size

7nm

Chip count

144

For best Antminer S17 Pro profitability note the following points:

  • The minimum condition is at 25 degrees centigrade with a normal hash rate that has minimum J / TH.
  • The maximum condition is at 40 degrees centigrade with a maximum hash rate of maximum J / TH.
  • You need to be careful about the input voltage because the wrong input voltage may cause the cloud miner center to fail.

Where to buy Antminer S17 Pro?

Bitmain Company has announced trusted vendors of Antminer S17 Pro in different countries such as “Miner Bros” in Hong Kong, “CoinMining Central” in the United Kingdom, and “MINERS.EU” in the Netherlands. All of them are with free shipping and PSU included.

So it causes more Antminer S17 Pro profitability.

The Antminer is S17 Pro less efficient than its new generation T19. But Antminer s17 pro price is $1,911.00 therefore it is lower than Antminer T19.

The vendors offer the following services:

  • All devices Include PSU
  • Free shipping That includes all devices
  • Technical Support for even nuanced issues
  • Buyer supporting which you can buy with confidence

Every buyer can pay the cost through Online Bank Payment (T/T), Bitcoin, Western Union, and Sepa. All the devices transfer by DHL, UPS, TNT, and FedEx.

Antminer s17 pro profitability

Antminer S17 Pro sellers

What kinds of cryptocurrencies do the Antminer S17 Pro mines?

Antminer S17 Pro uses the SHA-256 algorithm for best crypto mining. So it is suitable. The various types of digital currencies that Antminer S17 Pro can mine are as following:

The list of coins is the minable coins that Antminer S17 Pro profitability in mining them is proper and admissible.

What are the specifications of Mining Pools?

Cryptocurrencies are generated by thousands of computer systems and mining devices such as Antminer S17 Pro, in decentralized networks.

The cryptocurrency cloud mining services, that Antminer S17 Pro profitability is appropriate for them are as below:

  • SlushPool or slushpool.com is placed in Asia/ Japan,
  • NiceHash or nicehash.com that the main office is in Maribor, Slovenia,
  • Poolinor or poolin.com that main office is in Hong Kong,
  • AntPool or antpool.com resides in Asia / China,
  • ViaBTC or viabtc.com has several offices in Asia and Europe.

There are several mining companies and cryptocurrency cloud mining services that have already purchased this miner. Different miners have before entered the miner into their day-to-day activities. There is much discussion about the Antminer S17 Pro profitability in the cryptocurrency society.

Antminer s17 pro profitability

Antminer S17 Pro mining pool

What are the differences between S17 and S17 Pro?
  • According to Bitmain news, an important variation between the S17 and Pro versions of this ASIC device is in managing the electricity consumption of the machine. (Please check the ASIC Miner profitability ranking in 2020).
  • The Antminer S17 has two functioning modes, called “Low Power” and “typical”. The Antminer S17 Pro has 3 functioning modes, called “Low Power”, “typical”, and “Turbo.” Professional miners can manage their mining activities by this feature.
  • The performance is the key to Antminer S17 Pro profitability. Because electricity consumption is always the main expense in crypto mining. The Antminer S17 and S17 Pro carry on this prosperous mode-switching activity that was first presented in the S15.
  • The features of the Antminer S17 Pro include a mining speed of 53 TH / s and electricity consumption of 2094 watts per hour.
  • The Antminer S17 is qualified for generating anyplace in the range of 50 to 56 TH/s. The hash rate of this miner relevant on the version and class is different. The range of electricity consumption for this model varies from 39.5 J/TH up to 45 J/TH. It is affected by Antminer S17 Pro profitability.
More differences:
  • For typical operation, Antminer S17 works out to anyplace in the range of 2094 to 2568 watts per hour. You should consider the temperature of that zone if it is above the typical operating range of that machine, it can raise the electricity consumption.
  • The Antminer S17 is a cheaper version of the Antminer S17 pro. Of course, the Antminer S17 Pro profitability is higher than Antminer S17.
  • Johnson Xu, head of research and analysis at Tokensight, noted that the S Series models of Bitmain are the most fecund among other productions.
  • The Antminer S17 Pro price is about $ 1,911.00 to $ 3,767.92 per unit. Of course, the Antminer S19 price is about $ 1,785. The power consumption of Antminer S19 is 3,250 watts which is more than Antminer S17 pro.

Antminer s17 pro profitability

 Supplies of Antminer S17 Pro

Are the Antminer S17 Pro profitability and efficiency considerable?

In the initial presentation, both groups of S17 and S17 Pro series miners sold out quickly. In the initial release, the sales record was broken.

Most second-hand Antminer S17 miners don’t sell at a good price, in contrast with the original price offered by the producer. We can say that buying a second-hand miner is not suitable for everybody.

Everyone who gets the decision to purchase a miner should consider the return on investment. The initial price, installation costs, and the timing of Antminer S17 Pro profitability are crucial in this decision.

It is difficult to calculate the Antminer S17 Pro profitability because as the level of competition in the extraction space increases, the solution of the mathematical extraction algorithm increases.

Antminer S17 and Antminer S17 Pro are both great options for occupational miners. If you can buy directly from the manufacturer, Antminer S17 Pro profitability will be better. The S17 Pro performs well and can perform well in current mining conditions.

Buying an Antminer S17 from a second-hand business is not recommended. If you want to continue this way, the return on investment will be added by at least 2.5 months, which is unforeseeable for a long time in this trade.

Antminer s17 pro profitability

Antminer S17 Pro devices

How Much Does Bitcoin Mining Cost?

The answer to this question is very different because the price and difficulty of bitcoin mining are constantly changing. A sample of the extraction data from May 2019 is given below to show how this calculation is performed. It uses an Antminer S17 Pro that costs about $ 1,900 and produces a hash rate of 53 TH / S. The power consumption of this model is 2094 watts.

The standard cost of the mining pool is 2 and 0.1 kWh is used for the cost of electricity about $ 2544. A bitcoin mining server calculator allows you to determine how much mining profit you can make from bitcoin mining. A mining calculator takes into account all related costs such as hardware, electricity, and related costs.

By entering all these numbers in an Antminer S17 Pro profitability calculator, the answer is that it will take 16 months to succeed in mining one bitcoin. Using the previous data, we can calculate that we will be able to mine the equivalent of 0.002 bitcoins in one day.

One response to “How to calculate Antminer s17 pro profitability?”

  1. Yanga Jili says:

    Good article indeed

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