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Bitmain Antminer R4 (8.7 TH/s)
Outdated · Last price $6,726 all-in, delivered, installed and hosted in Nigeria · Bitmain · Air-cooled · SHA-256
The Bitmain Antminer R4 (8.7 TH/s) is a air-cooled SHA-256 bitcoin ASIC miner from Bitmain released in Feb 2017. It runs at 8.7 TH/s while drawing 845 W, an efficiency of 97.13 J/TH. It is more than five years old and no longer competitive; the figures below are kept for reference.
More on this machine: Bitmain Antminer R4 price history · Bitmain Antminer R4 profitability history
Bitmain Antminer R4 profitability
As of Nov 2, 2026, hosted in Nigeria at 4.5¢/kWh with 73.6% uptime. Bitcoin $77,903.
| Period | Bitcoin mined | Revenue | Electricity | Profit |
|---|---|---|---|---|
| Daily | 0.000003 BTC | $0.21 | $0.71 | -$0.49 |
| Weekly | 0.000019 BTC | $1.49 | $4.94 | -$3.45 |
| Monthly | 0.000083 BTC | $6.47 | $21.45 | -$14.99 |
| Yearly | 0.000996 BTC | $77.61 | $257.42 | -$179.81 |
Electricity per bitcoin mined: $258,402. Year 1 return: -3%.
Bitmain Antminer R4 price history
From $2,449 in Jan 2018 to $41 in Nov 2022 (-98%).
| Month | Price per unit | Price per TH |
|---|---|---|
| Jan 2018 | $1,966 | $225.93 |
| Feb 2018 | $1,760 | $202.25 |
| Mar 2018 | $1,439 | $165.43 |
| Apr 2018 | $682 | $78.40 |
| May 2018 | $545 | $62.69 |
| Jun 2018 | $302 | $34.73 |
| Jul 2018 | $244 | $28.02 |
| Aug 2018 | $322 | $36.97 |
| Sep 2018 | $145 | $16.64 |
| Oct 2018 | $143 | $16.38 |
| Nov 2018 | $141 | $16.21 |
| Dec 2018 | $178 | $20.47 |
| Jan 2019 | $181 | $20.80 |
| Feb 2019 | $234 | $26.84 |
| Mar 2019 | $258 | $29.68 |
| Apr 2019 | $283 | $32.48 |
| May 2019 | $279 | $32.04 |
| Jun 2019 | $251 | $28.80 |
| Jul 2019 | $195 | $22.37 |
| Aug 2019 | $167 | $19.17 |
| Sep 2019 | $90 | $10.29 |
| Oct 2019 | $108 | $12.44 |
| Nov 2019 | $74 | $8.47 |
| Dec 2019 | $75 | $8.58 |
| Jan 2020 | $45 | $5.17 |
| Feb 2020 | $41 | $4.72 |
| Mar 2020 | $44 | $5.11 |
| Apr 2020 | $41 | $4.75 |
| May 2020 | $52 | $5.97 |
| Jun 2020 | $36 | $4.11 |
| Jul 2020 | $37 | $4.30 |
| Aug 2020 | $37 | $4.20 |
| Sep 2020 | $56 | $6.45 |
| Oct 2020 | $106 | $12.22 |
| Nov 2020 | $136 | $15.66 |
| Dec 2020 | $200 | $23.01 |
| Jan 2021 | $352 | $40.41 |
| Feb 2021 | $425 | $48.82 |
| Mar 2021 | $427 | $49.08 |
| Apr 2021 | $279 | $32.02 |
| May 2021 | $186 | $21.42 |
| Jun 2021 | $236 | $27.13 |
| Jul 2021 | $261 | $29.97 |
| Aug 2021 | $244 | $28.10 |
| Sep 2021 | $312 | $35.85 |
| Oct 2021 | $231 | $26.53 |
| Nov 2021 | $231 | $26.53 |
| Dec 2021 | $203 | $23.31 |
| Jan 2022 | $201 | $23.10 |
| Feb 2022 | $192 | $22.03 |
| Mar 2022 | $166 | $19.13 |
| Apr 2022 | $156 | $17.96 |
| May 2022 | $96 | $11.02 |
| Jun 2022 | $96 | $11.08 |
| Jul 2022 | $91 | $10.41 |
| Aug 2022 | $83 | $9.51 |
| Sep 2022 | $78 | $9.00 |
| Oct 2022 | $42 | $4.79 |
| Nov 2022 | $41 | $4.74 |
Where to host the Bitmain Antminer R4
| Site | Cooling | Rate | Uptime | Cost per BTC | Profit per month | All-in per unit | Year 1 return |
|---|---|---|---|---|---|---|---|
| UAE | Immersion | 6.5¢ | 99.3% | $373,247 | -$33 | $6,368 | -6% |
| Nigeria | Air-cooled | 4.5¢ | 73.6% | $258,402 | -$15 | $6,726 | -3% |
| Argentina | Air-cooled | 6.5¢ | 98.7% | $373,247 | -$33 | $6,627 | -6% |
Bitmain Antminer R4 specifications
| Specification | Value |
|---|---|
| Manufacturer | Bitmain |
| Model | Bitmain Antminer R4 |
| Release date | Feb 2017 |
| Algorithm | SHA-256 |
| Hashrate | 8.7 TH/s |
| Power consumption | 845 W |
| Efficiency | 97.13 J/TH |
| Cooling | Air-cooled |
| Weight | 2.5 kg (approx.) |
Bitmain Antminer R4 FAQ
How much does the Bitmain Antminer R4 cost?
The all-in price of the Bitmain Antminer R4 (8.7 TH/s) is about $6,726 per machine, delivered, imported, installed and hosted in Nigeria with a two-month hosting deposit. That is the machine itself at $4,794 ($551.03 per TH/s, the Hong Kong price) plus shipping, infrastructure, import duty, customs, setup and the deposit. It is outdated with us; these figures use its market price.
Is the Bitmain Antminer R4 (8.7 TH/s) profitable?
As of Nov 2, 2026, hosted in Nigeria at 4.5¢/kWh, the Bitmain Antminer R4 (8.7 TH/s) is calculated to lose $0.49 daily, $14.99 monthly and $179.81 yearly after electricity, at a bitcoin price of $77,903. It always changes with bitcoin's price and network difficulty.
What does it cost to mine one bitcoin with the Bitmain Antminer R4?
Electricity to mine one bitcoin with the Bitmain Antminer R4 costs about $258,402 in Nigeria, and $373,247 in UAE and $373,247 in Argentina. Bitcoin trades at $77,903, so every coin it mines is made above the price of buying one.
What is the year 1 return of the Bitmain Antminer R4?
At current bitcoin price and difficulty, the Bitmain Antminer R4 returns -6–-3% in its first year at our sites, after electricity, against everything paid up front: the machine, shipping, import, infrastructure, setup and hosting deposit. You keep the machine and every bitcoin it mines. It always changes.
What is the hashrate and power consumption of the Bitmain Antminer R4?
The Bitmain Antminer R4 produces 8.7 TH/s of SHA-256 hashrate and consumes 845 W, giving an efficiency of 97.13 J/TH.
What are the dimensions and weight of the Bitmain Antminer R4?
The Bitmain Antminer R4 measures about n/a and weighs around 2.5 kg.
Is the Bitmain Antminer R4 air-cooled or hydro-cooled?
The Bitmain Antminer R4 is air-cooled with fans. In the UAE we run air-cooled machines in immersion tanks instead, which keeps them cool in desert heat.
Where can the Bitmain Antminer R4 be hosted?
We can host the Bitmain Antminer R4 in UAE (6.5¢/kWh, 99.3% uptime, immersion), Nigeria (4.5¢/kWh, 73.6% uptime) and Argentina (6.5¢/kWh, 98.7% uptime). The bitcoin it mines goes straight to your own wallet.
How has the price of the Bitmain Antminer R4 changed?
The Bitmain Antminer R4 sold for $2,449 in Jan 2018 and $41 as of Nov 2022, down 98%. Over that time it ranged from $32 to $2,449.
When was the Bitmain Antminer R4 released?
Bitmain announced the Bitmain Antminer R4 in Feb 2017.