Home / Bitcoin miners / Bitmain Antminer S9 / Profitability history
What the Bitmain Antminer S9 (11.5 TH/s) produced each month hosted in Argentina at 6.0¢/kWh with 98.7% uptime, valued at each month's own bitcoin price. Since Nov 2025: 0.00168 BTC mined, $128 of revenue, $545 of electricity.
The Bitmain Antminer S9 was released in Jun 2016; daily market data begins in Nov 2025, so months before that are not shown rather than estimated. The price history covers the full period.
| Month | Bitcoin mined | Avg BTC price | Revenue | Electricity | Profit | Cost per BTC |
|---|---|---|---|---|---|---|
| Nov 2025 | 0.00015 | $96,544 | $14.46 | $50.46 | -$35.99 | $336,764 |
| Dec 2025 | 0.00015 | $89,011 | $13.78 | $52.14 | -$38.36 | $336,764 |
| Jan 2026 | 0.00015 | $90,561 | $14.02 | $52.14 | -$38.12 | $336,764 |
| Feb 2026 | 0.00014 | $69,041 | $9.65 | $47.09 | -$37.44 | $336,764 |
| Mar 2026 | 0.00016 | $69,639 | $11.07 | $52.14 | -$41.07 | $327,902 |
| Apr 2026 | 0.00015 | $73,653 | $11.28 | $50.46 | -$39.18 | $329,602 |
| May 2026 | 0.00016 | $78,042 | $12.55 | $52.14 | -$39.58 | $324,254 |
| Jun 2026 | 0.00016 | $63,191 | $10.16 | $50.46 | -$40.29 | $313,723 |
| Jul 2026 | 0.00017 | $63,758 | $10.71 | $52.14 | -$41.43 | $310,407 |
| Aug 2026 | 0.00017 | $69,368 | $11.90 | $52.14 | -$40.24 | $304,081 |
| Sep 2026 | 0.00011 | $78,575 | $8.60 | $33.64 | -$25.04 | $307,393 |
Profit is over electricity only and does not repay the machine, shipping, import or setup. Bitmain Antminer S9 price history · Bitmain Antminer S9 specifications and price