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He further breaks down the performance of different models he is using, including the Bitmain Antminer S21 XP, which showcases higher efficiency and potential profitability compared to older models like the Antminer T19. For instance, while the S21 could yield over $3,000 profits over a year, the T19 could lead to a net loss of $421 over the same period.
The Long Game in Bitcoin Mining
As Drew reviews his mining equipment, he underscores the importance of making pragmatic decisions in an ever-evolving landscape. While some miners may operate at a loss today, he argues there are long-term benefits if the price of Bitcoin increases over time.