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Antminer S19 XP dropped in a bid to swing crypto miners back into profit

Cryptocurrency Aug 06, 2022 01:00PM ET
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Antminer S19 XP dropped in a bid to swing crypto miners back into profit

With the Bitcoin (BTC) price moving at a very steady pace during the crypto winter, the return on investment (ROI) on a new mining device seems like a shot in the dark. But a mining expert explained there may be hope for miners to make a comeback to profit.

Phil Harvey, the CEO of crypto consultancy firm Sabre56, told Cointelegraph that there are factors to consider when checking the potential profit of mining devices. These are mining machine specifications, costs, real ROI and the economics of mining over time.

Continue Reading on Coin Telegraph

Antminer S19 XP dropped in a bid to swing crypto miners back into profit
 

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