In my opinion, your decision to purchase Antminer T9 is not good as Bitcoin mining is no more profitable because of following factors,
- Few Coins Left to mine – Out of total 21 million Bitcoins 17 million Bitcoins are already mined. Now only 4 million Bitcoin are left to be mined.
- Mining Difficulty has increased – Bitcoin mining started in January 2009. Bitcoin mining difficulty has been gradually increased to 7,454,968,648,263.
- The decrease in Block Reward – Block Reward is responsible for entertaining miners to a particular network. Bitcoin is a first PoW algorithm based cryptocurrency. Furthermore, Due to Bitcoin halving, the block reward was reduced to 12.5 in 2016 which will happen again after every 4 years.
If you are interested in mining Bitcoins then don’t kill your curiosity, you can try mining Bitcoin on your CPU,
Here is the Guide to mine Bitcoin with CPU.
Also, if you are interested in Mining Bitcoins with Antminer T9 then you can also check profitability of this Antminer- Click here
About Antminer T9
Antminer T9 is a flagship Bitcoin Miner from Bitmain which was released in August 2017. It is still used in many mining farms. Furthermore, Antminer T9 is an SHA-256 algorithm miner which can give a hash rate of 12.5Th/s for the power consumption of 1576W.
Still confused with Antminer for mining Bitcoins then read – Antminer T9 vs Antminer S9
In addition, If you are not satisfied with the hash rate provided by Antminer T9 then Read: How to overclock Antminer T9.
Profitability of Antminer T9 depends on the price of Bitcoin. If you believe in a surge in Price of Bitcoin then mining can be profitable. In contrast, Cryptocurrencies are highly volatile and there is a high amount of risk involved in investing in these coins.
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