Antminer S19 XP Profitability and Price Guide

The Antminer S19 XP is one of the most powerful and efficient bitcoin mining ASICs on the market. Mining rig manufacturer Bitmain unveiled the model in November 2021 and it uses 5 nanometer ASIC chips, the most efficient and advanced chip used in a Bitcoin mining rig to date. Bitmain also released a water-cooled version of the S19 XP called the Antminer S19 XP Hydro, which is designed to improve the miner's hashrate by using water cooling instead of air cooling.

What is the Antminer S19 XP?

The Antminer S19 XP is an industry-leading bitcoin miner and it has two primary ratings: the S19 XP 140 terahashes per second (TH/s) and the S19 XP 134 TH/s. The hashrate of these models indicates their mining power; more accurately, hashrate refers to the number of hashes that the mining rig produces per second in its search for the next block in Bitcoin’s blockchain (so a 140 TH/s S19 XP produces 140 trillion hashes per second).

By comparison, the Antminer S19j Pro, a popular miner, comes in models that produces anywhere from 90 to 104 TH/s. The Whatsminer M50S+, the latest and most powerful machine from Bitmain rival MicroBT, has a hashrate of 136 TH/s.

Another important aspect to consider when it comes to mining is the power efficiency of the miner. The Antminer S19 XP has an industry-leading power consumption of 21.5 joules per terahash (J/TH). (Joules are interchangeable with watts). By comparison, the Antminer S19j Pro has a power efficiency of 30.5 J/TH and the Whatsminer M50S+ has a power efficiency of 24 J/TH.

Antminer S19 XP Firmware

Unfortunately, there are no third party firmware options available for the Antminer S19 XP, so miners will have to make do with the stock firmware that Bitmain includes with the bitcoin miner.

However, the Luxor team is hard at work to bring our LuxOS firmware to the S19 XP. Stay tuned.

How much does the Antminer S19 XP cost?

The cost of the Antminer S19 XP varies depending on the hashrate rating, and it fluctuates based on the price of Bitcoin and hashprice (mining revenue potential). At the time of writing, the S19 XP costs roughly $34 per TH (so a 140 TH/s model costs around $4,760, while the S19 XP 134 TH/s model costs around $4,556). By comparison, the Antminer S19j Pro costs around $14/TH ($1,400).

ASIC prices are always changing based on market conditions, so it's important to keep track of prices weekly on Hashrate Index’s ASIC Price Index page.

How much revenue does the Antminer S19 XP make?

Bitcoin miners measure the revenue potential of Bitcoin mining machines using a metric called hashprice. Hashprice is a measure of how many dollars (or how much BTC) a Bitcoin mining ASIC can produce per terahash of compute power per day.

At the time of writing, a 140 TH/s Antminer S19 XP can earn $10.88 a day, and a 134 TH/s Antminer S19 XP can earn $10.41. (To calculate this earning potential, you take the current hashprice, which is $0.07773 per TH/s per day, and multiply it by the mining machine’s hashrate).

The above figure is revenue only, not profit. Miners always have to factor in the cost of electricity (and cooling) when gauging the overall profitability of the miner and ROI timeframes.

Is the Antminer S19 XP Worth It?

The Antminer S19 XP is a powerful and efficient miner that is worth any miner's consideration. As Bitcoin mining margins have fallen, miners have continued to prioritize this rig, as its improvements in hashrate and energy efficiency help to boost revenues.  Its high hashrate and power efficiency make it a solid choice for miners who want to maximize their returns.

Because it is the most powerful and efficient miner on the market, the Antminer S19 XP carries a price premium compared to older models like the S19j Pro. As such, it currently has a longer ROI timeline, but that’s the price miners will pay for a machine that will help them survive when 2024’s halving comes to pass.