Home / Bitcoin miners / Bitmain Antminer R4 / Profitability history
What the Bitmain Antminer R4 (8.7 TH/s) produced each month hosted in Argentina at 6.5¢/kWh with 98.7% uptime, valued at each month’s own bitcoin price. Since Feb 2017: 1.30324 BTC mined, $7,388 of revenue, $4,810 of electricity.
| Month | Bitcoin mined | Avg BTC price | Revenue | Electricity | Profit | Cost per BTC |
|---|---|---|---|---|---|---|
| Feb 2017 | 0.10108 | $1,067 | $107.61 | $28.69 | $78.92 | $284 |
| Mar 2017 | 0.13616 | $1,139 | $155.85 | $42.35 | $113.50 | $311 |
| Apr 2017 | 0.12120 | $1,202 | $145.87 | $40.98 | $104.89 | $338 |
| May 2017 | 0.12001 | $1,853 | $219.55 | $42.35 | $177.20 | $353 |
| Jun 2017 | 0.09835 | $2,627 | $258.29 | $40.98 | $217.31 | $417 |
| Jul 2017 | 0.08026 | $2,456 | $197.18 | $42.35 | $154.83 | $528 |
| Aug 2017 | 0.07884 | $3,833 | $304.73 | $42.35 | $262.38 | $537 |
| Sep 2017 | 0.06597 | $4,088 | $270.08 | $40.98 | $229.10 | $621 |
| Oct 2017 | 0.05727 | $5,238 | $299.77 | $42.35 | $257.42 | $739 |
| Nov 2017 | 0.04599 | $7,707 | $351.16 | $40.98 | $310.18 | $891 |
| Dec 2017 | 0.03803 | $14,666 | $555.30 | $42.35 | $512.95 | $1,113 |
| Jan 2018 | 0.02786 | $12,955 | $365.36 | $42.35 | $323.01 | $1,520 |
| Feb 2018 | 0.01968 | $9,531 | $186.80 | $38.25 | $148.55 | $1,943 |
| Mar 2018 | 0.02003 | $9,149 | $183.53 | $42.35 | $141.18 | $2,115 |
| Apr 2018 | 0.01729 | $7,879 | $135.52 | $40.98 | $94.53 | $2,370 |
| May 2018 | 0.01588 | $8,442 | $134.76 | $42.35 | $92.41 | $2,667 |
| Jun 2018 | 0.01254 | $6,792 | $85.21 | $40.98 | $44.23 | $3,268 |
| Jul 2018 | 0.01274 | $7,012 | $88.65 | $42.35 | $46.30 | $3,325 |
| Aug 2018 | 0.01019 | $6,741 | $68.68 | $42.35 | $26.33 | $4,156 |
| Sep 2018 | 0.00933 | $6,617 | $61.86 | $40.98 | $20.88 | $4,393 |
| Oct 2018 | 0.00920 | $6,476 | $59.63 | $42.35 | $17.28 | $4,601 |
| Nov 2018 | 0.01073 | $5,454 | $58.03 | $40.98 | $17.05 | $3,820 |
| Dec 2018 | 0.01268 | $3,725 | $47.21 | $42.35 | $4.86 | $3,339 |
| Jan 2019 | 0.01216 | $3,710 | $45.11 | $42.35 | $2.76 | $3,483 |
| Feb 2019 | 0.01056 | $3,693 | $39.06 | $38.25 | $0.81 | $3,622 |
| Mar 2019 | 0.01096 | $3,947 | $43.21 | $42.35 | $0.86 | $3,866 |
| Apr 2019 | 0.01046 | $5,121 | $53.52 | $40.98 | $12.54 | $3,918 |
| May 2019 | 0.01025 | $7,081 | $71.94 | $42.35 | $29.59 | $4,133 |
| Jun 2019 | 0.00904 | $9,137 | $81.43 | $40.98 | $40.45 | $4,536 |
| Jul 2019 | 0.00769 | $10,676 | $82.23 | $42.35 | $39.88 | $5,507 |
| Aug 2019 | 0.00650 | $10,477 | $68.10 | $42.35 | $25.75 | $6,518 |
| Sep 2019 | 0.00540 | $9,916 | $53.69 | $40.98 | $12.70 | $7,596 |
| Oct 2019 | 0.00512 | $8,452 | $43.33 | $42.35 | $0.98 | $8,270 |
| Nov 2019 | 0.00503 | $8,395 | $42.32 | $40.98 | $1.34 | $8,141 |
| Dec 2019 | 0.00524 | $7,244 | $37.98 | $42.35 | -$4.37 | $8,079 |
| Jan 2020 | 0.00485 | $8,211 | $39.62 | $42.35 | -$2.72 | $8,736 |
| Feb 2020 | 0.00419 | $9,674 | $40.57 | $39.62 | $0.95 | $9,453 |
| Mar 2020 | 0.00474 | $6,909 | $32.30 | $42.35 | -$10.05 | $8,935 |
| Apr 2020 | 0.00433 | $7,187 | $31.11 | $40.98 | -$9.87 | $9,456 |
| May 2020 | 0.00321 | $9,216 | $29.57 | $42.35 | -$12.78 | $13,186 |
| Jun 2020 | 0.00215 | $9,531 | $20.49 | $40.98 | -$20.49 | $19,077 |
| Jul 2020 | 0.00207 | $9,591 | $19.81 | $42.35 | -$22.54 | $20,497 |
| Aug 2020 | 0.00212 | $11,641 | $24.64 | $42.35 | -$17.71 | $20,000 |
| Sep 2020 | 0.00178 | $10,663 | $18.95 | $40.98 | -$22.03 | $23,075 |
| Oct 2020 | 0.00181 | $11,832 | $21.60 | $42.35 | -$20.75 | $23,432 |
| Nov 2020 | 0.00182 | $16,636 | $30.11 | $40.98 | -$10.88 | $22,562 |
| Dec 2020 | 0.00179 | $21,898 | $39.06 | $42.35 | -$3.29 | $23,666 |
| Jan 2021 | 0.00171 | $34,406 | $58.96 | $42.35 | $16.61 | $24,730 |
| Feb 2021 | 0.00146 | $46,322 | $67.63 | $38.25 | $29.38 | $26,134 |
| Mar 2021 | 0.00161 | $53,803 | $86.46 | $42.35 | $44.11 | $26,323 |
| Apr 2021 | 0.00154 | $57,118 | $87.61 | $40.98 | $46.62 | $26,672 |
| May 2021 | 0.00155 | $46,752 | $71.49 | $42.35 | $29.14 | $27,256 |
| Jun 2021 | 0.00203 | $35,709 | $72.38 | $40.98 | $31.39 | $20,168 |
| Jul 2021 | 0.00255 | $34,390 | $87.53 | $42.35 | $45.18 | $16,581 |
| Aug 2021 | 0.00218 | $45,712 | $99.28 | $42.35 | $56.93 | $19,411 |
| Sep 2021 | 0.00179 | $45,680 | $81.91 | $40.98 | $40.93 | $22,875 |
| Oct 2021 | 0.00171 | $57,667 | $98.64 | $42.35 | $56.29 | $24,725 |
| Nov 2021 | 0.00148 | $60,677 | $89.96 | $40.98 | $48.97 | $27,670 |
| Dec 2021 | 0.00144 | $49,476 | $71.36 | $42.35 | $29.01 | $29,396 |
| Jan 2022 | 0.00135 | $41,157 | $55.71 | $42.35 | $13.36 | $31,391 |
| Feb 2022 | 0.00113 | $40,609 | $45.74 | $38.25 | $7.48 | $33,993 |
| Mar 2022 | 0.00123 | $41,967 | $51.53 | $42.35 | $9.18 | $34,486 |
| Apr 2022 | 0.00115 | $41,628 | $47.77 | $40.98 | $6.78 | $35,722 |
| May 2022 | 0.00112 | $31,836 | $35.64 | $42.35 | -$6.71 | $37,879 |
| Jun 2022 | 0.00110 | $24,464 | $26.88 | $40.98 | -$14.10 | $37,277 |
| Jul 2022 | 0.00119 | $21,434 | $25.52 | $42.35 | -$16.82 | $35,610 |
| Aug 2022 | 0.00120 | $22,474 | $27.02 | $42.35 | -$15.33 | $35,251 |
| Sep 2022 | 0.00104 | $19,816 | $20.70 | $40.98 | -$20.29 | $39,249 |
| Oct 2022 | 0.00098 | $19,627 | $19.29 | $42.35 | -$23.06 | $43,085 |
| Nov 2022 | 0.00090 | $17,674 | $15.95 | $40.98 | -$25.04 | $45,397 |
| Dec 2022 | 0.00097 | $16,950 | $16.49 | $42.35 | -$25.86 | $43,538 |
| Jan 2023 | 0.00094 | $20,120 | $18.82 | $42.35 | -$23.53 | $45,022 |
| Feb 2023 | 0.00078 | $23,300 | $18.12 | $38.25 | -$20.13 | $49,175 |
| Mar 2023 | 0.00078 | $25,056 | $19.50 | $42.35 | -$22.85 | $54,272 |
| Apr 2023 | 0.00070 | $28,850 | $20.06 | $40.98 | -$20.92 | $58,943 |
| May 2023 | 0.00079 | $27,508 | $21.89 | $42.35 | -$20.46 | $53,279 |
| Jun 2023 | 0.00066 | $27,690 | $18.24 | $40.98 | -$22.75 | $62,193 |
| Jul 2023 | 0.00065 | $30,078 | $19.65 | $42.35 | -$22.70 | $64,833 |
| Aug 2023 | 0.00064 | $27,892 | $17.91 | $42.35 | -$24.44 | $66,015 |
| Sep 2023 | 0.00060 | $26,296 | $15.90 | $40.98 | -$25.09 | $67,783 |
| Oct 2023 | 0.00058 | $29,625 | $17.12 | $42.35 | -$25.23 | $73,119 |
| Nov 2023 | 0.00057 | $36,499 | $20.89 | $40.98 | -$20.09 | $71,620 |
| Dec 2023 | 0.00062 | $42,426 | $26.24 | $42.35 | -$16.11 | $68,542 |
| Jan 2024 | 0.00052 | $42,920 | $22.30 | $42.35 | -$20.04 | $81,503 |
| Feb 2024 | 0.00042 | $49,503 | $20.82 | $39.62 | -$18.79 | $93,740 |
| Mar 2024 | 0.00043 | $67,612 | $29.03 | $42.35 | -$13.32 | $98,571 |
| Apr 2024 | 0.00037 | $65,967 | $24.51 | $40.98 | -$16.47 | $110,672 |
| May 2024 | 0.00021 | $65,088 | $13.77 | $42.35 | -$28.58 | $200,218 |
| Jun 2024 | 0.00021 | $66,005 | $14.22 | $40.98 | -$26.76 | $190,705 |
| Jul 2024 | 0.00021 | $62,733 | $13.26 | $42.35 | -$29.09 | $200,150 |
| Aug 2024 | 0.00019 | $60,064 | $11.59 | $42.35 | -$30.76 | $219,546 |
| Sep 2024 | 0.00018 | $60,182 | $10.92 | $40.98 | -$30.07 | $225,959 |
| Oct 2024 | 0.00019 | $65,540 | $12.48 | $42.35 | -$29.87 | $222,285 |
| Nov 2024 | 0.00017 | $86,295 | $14.25 | $40.98 | -$26.73 | $247,901 |
| Dec 2024 | 0.00016 | $98,317 | $15.93 | $42.35 | -$26.42 | $261,484 |
| Jan 2025 | 0.00015 | $99,947 | $15.45 | $42.35 | -$26.89 | $273,886 |
| Feb 2025 | 0.00014 | $95,565 | $13.12 | $38.25 | -$25.14 | $278,673 |
| Mar 2025 | 0.00015 | $85,023 | $12.85 | $42.35 | -$29.50 | $280,293 |
| Apr 2025 | 0.00014 | $86,331 | $11.71 | $40.98 | -$29.27 | $301,985 |
| May 2025 | 0.00014 | $103,376 | $14.51 | $42.35 | -$27.84 | $301,684 |
| Jun 2025 | 0.00013 | $105,726 | $13.73 | $40.98 | -$27.25 | $315,635 |
| Jul 2025 | 0.00014 | $115,184 | $15.81 | $42.35 | -$26.54 | $308,172 |
| Aug 2025 | 0.00013 | $114,924 | $15.02 | $42.35 | -$27.33 | $323,970 |
| Sep 2025 | 0.00012 | $113,009 | $13.41 | $40.98 | -$27.57 | $345,276 |
| Oct 2025 | 0.00011 | $114,290 | $12.90 | $42.35 | -$29.45 | $375,024 |
| Nov 2025 | 0.00011 | $96,532 | $10.26 | $40.98 | -$30.73 | $385,308 |
| Dec 2025 | 0.00011 | $89,008 | $10.09 | $42.35 | -$32.26 | $373,712 |
| Jan 2026 | 0.00012 | $90,557 | $10.48 | $42.35 | -$31.87 | $365,816 |
| Feb 2026 | 0.00011 | $69,035 | $7.77 | $38.25 | -$30.48 | $339,859 |
| Mar 2026 | 0.00012 | $69,617 | $8.32 | $42.35 | -$34.03 | $354,063 |
| Apr 2026 | 0.00012 | $73,507 | $8.74 | $40.98 | -$32.25 | $344,895 |
| May 2026 | 0.00012 | $78,032 | $9.74 | $42.35 | -$32.61 | $339,314 |
| Jun 2026 | 0.00012 | $63,237 | $7.82 | $40.98 | -$33.16 | $331,222 |
| Jul 2026 | 0.00013 | $63,709 | $8.31 | $42.35 | -$34.04 | $324,850 |
| Aug 2026 | 0.00013 | $69,262 | $9.22 | $42.35 | -$33.13 | $318,314 |
| Sep 2026 | 0.00012 | $80,311 | $9.84 | $39.62 | -$29.77 | $322,978 |
Profit is over electricity only and does not repay the machine, shipping, import or setup. Bitmain Antminer R4 price history · Bitmain Antminer R4 specifications and price