Is Now the Best Time to Buy a Bitcoin Miner?

I gambled $1,200 on a used Bitmain Antminer S21 Pro capable of mining Bitcoin at 234 TH/s. At today’s mining profitability, it’s still making money — but barely. So why did I buy it?

I’m betting that Bitcoin mining hardware is cheap enough right now to make the risk worth taking.

In this video, I break down what I paid for the S21 Pro, its current Bitcoin mining profitability, electricity costs, price per terahash, efficiency, and the two very different scenarios that could determine whether this turns out to be a great investment… or a $1,200 mistake.

We’ll also look at why ASIC prices tend to move with the Bitcoin market, what happens when Bitcoin price rises faster than network hashrate can respond, and the decision I could eventually face between continuing to mine or selling the ASIC for a profit.

Bitcoin Miner: Bitmain Antminer S21 Pro
Hashrate: 234 TH/s
Power: ~3,510W
Efficiency: ~15 J/TH
Purchase Price: $1,200 used
Hosting Electricity: $0.085/kWh

Links:
⛏️ ViaBTC: https://geni.us/viabtc
🏭 Terra Hosting: https://geni.us/terrahosting
🦊 Red Fox Crypto: https://wwww.redfoxcrypto.com

Chat with me:
👋🏻 Discord: https://discord.gg/Kaf4dDXGJz
💬 Twitter/X: https://twitter.com/redfoxcrypto

00:00 I Gambled $1,200 on a Bitcoin Miner
00:16 Buying a Used Antminer S21 Pro
01:03 Calculating Bitcoin Mining Break-Even
02:34 How Much Does This Bitcoin Miner Make?
03:14 Price Per Terahash Explained
04:07 Bitcoin Mining Efficiency Explained
05:39 ViaBTC Promo
06:14 Bitcoin Price vs ASIC Prices
07:05 Scenario #1: Bitcoin Mining Disaster
07:40 Scenario #2: The Gamble Pays Off
09:35 Bitcoin Price vs Network Hashrate
11:02 Should I Mine or Sell the ASIC?
11:24 Was This a Good Investment?

#Bitcoin #BitcoinMining #ASICMining