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Outdated · Bitmain · Air-cooled · SHA-256
The Bitmain Antminer S11 (20.5 TH/s) is a air-cooled SHA-256 bitcoin ASIC miner from Bitmain released in Nov 2018. It runs at 20.5 TH/s while drawing 1,530 W, an efficiency of 74.63 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 S11 profitability history
As of Sep 21, 2026, hosted in Argentina at 6.0¢/kWh with 98.7% uptime. Bitcoin $87,031.
| Period | Bitcoin mined | Revenue | Electricity | Profit |
|---|---|---|---|---|
| Daily | 0.000010 BTC | $0.84 | $2.28 | -$1.44 |
| Weekly | 0.000068 BTC | $5.90 | $15.98 | -$10.08 |
| Monthly | 0.000295 BTC | $25.66 | $69.46 | -$43.80 |
| Yearly | 0.003537 BTC | $307.85 | $833.40 | -$525.55 |
Electricity per bitcoin mined: $235,608.
| Site | Cooling | Rate | Uptime | Cost per BTC | Profit per month | All-in per unit | Year 1 return |
|---|---|---|---|---|---|---|---|
| UAE | Immersion | 6.0¢ | 99.3% | $235,608 | -$44 | — | — |
| Nigeria | Air-cooled | 3.9¢ | 73.6% | $153,145 | -$15 | — | — |
| Argentina | Air-cooled | 6.0¢ | 98.7% | $235,608 | -$44 | — | — |
| Specification | Value |
|---|---|
| Manufacturer | Bitmain |
| Model | Bitmain Antminer S11 |
| Release date | Nov 2018 |
| Algorithm | SHA-256 |
| Hashrate | 20.5 TH/s |
| Power consumption | 1530 W |
| Efficiency | 74.63 J/TH |
| Cooling | Air-cooled |
| Weight | 6.5 kg (approx.) |
The Bitmain Antminer S11 is outdated. Newer models make bitcoin far more cheaply.
As of Sep 21, 2026, hosted in Argentina at 6.0¢/kWh, the Bitmain Antminer S11 (20.5 TH/s) is calculated to lose $1.44 daily, $43.80 monthly and $525.55 yearly after electricity, at a bitcoin price of $87,031. It always changes with bitcoin's price and network difficulty.
Electricity to mine one bitcoin with the Bitmain Antminer S11 costs about $235,608 in Argentina, and $235,608 in UAE and $153,145 in Nigeria. Bitcoin trades at $87,031, so every coin it mines is made above the price of buying one.
The Bitmain Antminer S11 produces 20.5 TH/s of SHA-256 hashrate and consumes 1,530 W, giving an efficiency of 74.63 J/TH.
The Bitmain Antminer S11 measures about n/a and weighs around 6.5 kg.
The Bitmain Antminer S11 is air-cooled with fans. In the UAE we run air-cooled machines in immersion tanks instead, which keeps them cool in desert heat.
We can host the Bitmain Antminer S11 in UAE (6.0¢/kWh, 99.3% uptime, immersion), Nigeria (3.9¢/kWh, 73.6% uptime) and Argentina (6.0¢/kWh, 98.7% uptime). The bitcoin it mines goes straight to your own wallet.
Bitmain announced the Bitmain Antminer S11 in Nov 2018.