Home / Bitcoin miners / Bitmain Antminer S11 / Profitability history
What the Bitmain Antminer S11 (20.5 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 Nov 2018: 0.47087 BTC mined, $7,348 of revenue, $7,109 of electricity.
| Month | Bitcoin mined | Avg BTC price | Revenue | Electricity | Profit | Cost per BTC |
|---|---|---|---|---|---|---|
| Nov 2018 | 0.01230 | $4,485 | $54.92 | $34.63 | $20.29 | $2,816 |
| Dec 2018 | 0.02989 | $3,725 | $111.23 | $76.68 | $34.55 | $2,566 |
| Jan 2019 | 0.02865 | $3,710 | $106.30 | $76.68 | $29.62 | $2,677 |
| Feb 2019 | 0.02488 | $3,693 | $92.04 | $69.26 | $22.78 | $2,784 |
| Mar 2019 | 0.02581 | $3,947 | $101.81 | $76.68 | $25.13 | $2,970 |
| Apr 2019 | 0.02465 | $5,121 | $126.11 | $74.21 | $51.91 | $3,011 |
| May 2019 | 0.02414 | $7,081 | $169.52 | $76.68 | $92.84 | $3,176 |
| Jun 2019 | 0.02129 | $9,137 | $191.88 | $74.21 | $117.67 | $3,485 |
| Jul 2019 | 0.01812 | $10,676 | $193.76 | $76.68 | $117.08 | $4,232 |
| Aug 2019 | 0.01531 | $10,477 | $160.46 | $76.68 | $83.78 | $5,009 |
| Sep 2019 | 0.01271 | $9,916 | $126.51 | $74.21 | $52.30 | $5,837 |
| Oct 2019 | 0.01207 | $8,452 | $102.09 | $76.68 | $25.41 | $6,355 |
| Nov 2019 | 0.01186 | $8,395 | $99.73 | $74.21 | $25.52 | $6,256 |
| Dec 2019 | 0.01235 | $7,244 | $89.49 | $76.68 | $12.81 | $6,208 |
| Jan 2020 | 0.01142 | $8,211 | $93.37 | $76.68 | $16.69 | $6,713 |
| Feb 2020 | 0.00988 | $9,674 | $95.59 | $71.73 | $23.86 | $7,264 |
| Mar 2020 | 0.01117 | $6,909 | $76.10 | $76.68 | -$0.58 | $6,866 |
| Apr 2020 | 0.01021 | $7,187 | $73.31 | $74.21 | -$0.89 | $7,266 |
| May 2020 | 0.00757 | $9,216 | $69.67 | $76.68 | -$7.01 | $10,132 |
| Jun 2020 | 0.00506 | $9,531 | $48.29 | $74.21 | -$25.92 | $14,659 |
| Jul 2020 | 0.00487 | $9,591 | $46.68 | $76.68 | -$30.00 | $15,750 |
| Aug 2020 | 0.00499 | $11,641 | $58.07 | $76.68 | -$18.62 | $15,368 |
| Sep 2020 | 0.00419 | $10,663 | $44.66 | $74.21 | -$29.55 | $17,731 |
| Oct 2020 | 0.00426 | $11,832 | $50.89 | $76.68 | -$25.79 | $18,006 |
| Nov 2020 | 0.00428 | $16,636 | $70.94 | $74.21 | -$3.26 | $17,337 |
| Dec 2020 | 0.00422 | $21,898 | $92.04 | $76.68 | $15.36 | $18,186 |
| Jan 2021 | 0.00404 | $34,406 | $138.93 | $76.68 | $62.25 | $19,003 |
| Feb 2021 | 0.00345 | $46,322 | $159.36 | $69.26 | $90.10 | $20,082 |
| Mar 2021 | 0.00379 | $53,803 | $203.72 | $76.68 | $127.04 | $20,228 |
| Apr 2021 | 0.00362 | $57,118 | $206.43 | $74.21 | $132.22 | $20,496 |
| May 2021 | 0.00366 | $46,752 | $168.46 | $76.68 | $91.78 | $20,944 |
| Jun 2021 | 0.00479 | $35,709 | $170.54 | $74.21 | $96.33 | $15,498 |
| Jul 2021 | 0.00602 | $34,390 | $206.26 | $76.68 | $129.58 | $12,741 |
| Aug 2021 | 0.00514 | $45,712 | $233.93 | $76.68 | $157.25 | $14,916 |
| Sep 2021 | 0.00422 | $45,680 | $193.01 | $74.21 | $118.80 | $17,578 |
| Oct 2021 | 0.00404 | $57,667 | $232.42 | $76.68 | $155.74 | $18,999 |
| Nov 2021 | 0.00349 | $60,677 | $211.97 | $74.21 | $137.76 | $21,263 |
| Dec 2021 | 0.00339 | $49,476 | $168.15 | $76.68 | $91.47 | $22,589 |
| Jan 2022 | 0.00318 | $41,157 | $131.26 | $76.68 | $54.58 | $24,122 |
| Feb 2022 | 0.00265 | $40,609 | $107.77 | $69.26 | $38.51 | $26,121 |
| Mar 2022 | 0.00289 | $41,967 | $121.42 | $76.68 | $44.74 | $26,500 |
| Apr 2022 | 0.00270 | $41,628 | $112.56 | $74.21 | $38.35 | $27,449 |
| May 2022 | 0.00263 | $31,836 | $83.97 | $76.68 | $7.29 | $29,107 |
| Jun 2022 | 0.00259 | $24,464 | $63.33 | $74.21 | -$10.87 | $28,644 |
| Jul 2022 | 0.00280 | $21,434 | $60.14 | $76.68 | -$16.54 | $27,363 |
| Aug 2022 | 0.00283 | $22,474 | $63.66 | $76.68 | -$13.02 | $27,088 |
| Sep 2022 | 0.00246 | $19,816 | $48.77 | $74.21 | -$25.44 | $30,159 |
| Oct 2022 | 0.00232 | $19,627 | $45.45 | $76.68 | -$31.23 | $33,107 |
| Nov 2022 | 0.00213 | $17,674 | $37.58 | $74.21 | -$36.63 | $34,884 |
| Dec 2022 | 0.00229 | $16,950 | $38.85 | $76.68 | -$37.83 | $33,455 |
| Jan 2023 | 0.00222 | $20,120 | $44.34 | $76.68 | -$32.34 | $34,596 |
| Feb 2023 | 0.00183 | $23,300 | $42.71 | $69.26 | -$26.55 | $37,787 |
| Mar 2023 | 0.00184 | $25,056 | $45.95 | $76.68 | -$30.73 | $41,704 |
| Apr 2023 | 0.00164 | $28,850 | $47.27 | $74.21 | -$26.94 | $45,293 |
| May 2023 | 0.00187 | $27,508 | $51.58 | $76.68 | -$25.10 | $40,941 |
| Jun 2023 | 0.00155 | $27,690 | $42.97 | $74.21 | -$31.24 | $47,791 |
| Jul 2023 | 0.00154 | $30,078 | $46.30 | $76.68 | -$30.38 | $49,819 |
| Aug 2023 | 0.00151 | $27,892 | $42.21 | $76.68 | -$34.47 | $50,728 |
| Sep 2023 | 0.00142 | $26,296 | $37.46 | $74.21 | -$36.75 | $52,086 |
| Oct 2023 | 0.00136 | $29,625 | $40.33 | $76.68 | -$36.35 | $56,186 |
| Nov 2023 | 0.00135 | $36,499 | $49.22 | $74.21 | -$24.99 | $55,035 |
| Dec 2023 | 0.00146 | $42,426 | $61.83 | $76.68 | -$14.85 | $52,669 |
| Jan 2024 | 0.00122 | $42,920 | $52.56 | $76.68 | -$24.12 | $62,629 |
| Feb 2024 | 0.00100 | $49,503 | $49.07 | $71.73 | -$22.66 | $72,032 |
| Mar 2024 | 0.00101 | $67,612 | $68.41 | $76.68 | -$8.27 | $75,744 |
| Apr 2024 | 0.00087 | $65,967 | $57.76 | $74.21 | -$16.44 | $85,043 |
| May 2024 | 0.00050 | $65,088 | $32.44 | $76.68 | -$44.24 | $153,852 |
| Jun 2024 | 0.00051 | $66,005 | $33.51 | $74.21 | -$40.70 | $146,542 |
| Jul 2024 | 0.00050 | $62,733 | $31.24 | $76.68 | -$45.44 | $153,800 |
| Aug 2024 | 0.00045 | $60,064 | $27.31 | $76.68 | -$49.37 | $168,704 |
| Sep 2024 | 0.00043 | $60,182 | $25.72 | $74.21 | -$48.49 | $173,632 |
| Oct 2024 | 0.00045 | $65,540 | $29.40 | $76.68 | -$47.28 | $170,809 |
| Nov 2024 | 0.00039 | $86,295 | $33.59 | $74.21 | -$40.62 | $190,493 |
| Dec 2024 | 0.00038 | $98,317 | $37.53 | $76.68 | -$39.15 | $200,930 |
| Jan 2025 | 0.00036 | $99,947 | $36.42 | $76.68 | -$40.26 | $210,460 |
| Feb 2025 | 0.00032 | $95,565 | $30.90 | $69.26 | -$38.36 | $214,139 |
| Mar 2025 | 0.00036 | $85,023 | $30.27 | $76.68 | -$46.41 | $215,384 |
| Apr 2025 | 0.00032 | $86,331 | $27.59 | $74.21 | -$46.62 | $232,052 |
| May 2025 | 0.00033 | $103,376 | $34.19 | $76.68 | -$42.49 | $231,821 |
| Jun 2025 | 0.00031 | $105,726 | $32.35 | $74.21 | -$41.86 | $242,541 |
| Jul 2025 | 0.00032 | $115,184 | $37.25 | $76.68 | -$39.43 | $236,806 |
| Aug 2025 | 0.00031 | $114,924 | $35.40 | $76.68 | -$41.28 | $248,946 |
| Sep 2025 | 0.00028 | $113,009 | $31.60 | $74.21 | -$42.60 | $265,318 |
| Oct 2025 | 0.00027 | $114,290 | $30.40 | $76.68 | -$46.28 | $288,177 |
| Nov 2025 | 0.00025 | $96,532 | $24.17 | $74.21 | -$50.04 | $296,079 |
| Dec 2025 | 0.00027 | $89,008 | $23.77 | $76.68 | -$52.91 | $287,169 |
| Jan 2026 | 0.00027 | $90,557 | $24.69 | $76.68 | -$51.99 | $281,101 |
| Feb 2026 | 0.00027 | $69,035 | $18.30 | $69.26 | -$50.96 | $261,155 |
| Mar 2026 | 0.00028 | $69,617 | $19.61 | $76.68 | -$57.07 | $272,070 |
| Apr 2026 | 0.00028 | $73,507 | $20.59 | $74.21 | -$53.62 | $265,025 |
| May 2026 | 0.00029 | $78,032 | $22.96 | $76.68 | -$53.72 | $260,736 |
| Jun 2026 | 0.00029 | $63,237 | $18.44 | $74.21 | -$55.77 | $254,519 |
| Jul 2026 | 0.00031 | $63,709 | $19.58 | $76.68 | -$57.10 | $249,622 |
| Aug 2026 | 0.00031 | $69,262 | $21.72 | $76.68 | -$54.96 | $244,600 |
| Sep 2026 | 0.00029 | $80,311 | $23.20 | $71.73 | -$48.54 | $248,183 |
Profit is over electricity only and does not repay the machine, shipping, import or setup. Bitmain Antminer S11 price history · Bitmain Antminer S11 specifications and price