Home / Bitcoin miners / Bitmain Antminer S9 / Profitability history
What the Bitmain Antminer S9 (14 TH/s) produced each month hosted in Nigeria at 4.5¢/kWh with 73.6% uptime, valued at each month’s own bitcoin price. Since Oct 2017: 0.53847 BTC mined, $6,565 of revenue, $3,781 of electricity.
Today: -$0.84 a day after electricity and $260,295 of electricity per bitcoin mined, hosted in Nigeria at 4.5¢/kWh, as of Nov 13, 2026 with bitcoin at $69,011. Today's profitability at each site. Mining output depends on bitcoin's price, network difficulty and uptime, and is not guaranteed. Nothing here is investment advice.
| Month | Bitcoin mined | Avg BTC price | Revenue | Electricity | Profit | Cost per BTC |
|---|---|---|---|---|---|---|
| Oct 2017 | 0.00534 | $6,174 | $32.98 | $2.29 | $30.68 | $429 |
| Nov 2017 | 0.05518 | $7,707 | $421.38 | $34.35 | $387.03 | $623 |
| Dec 2017 | 0.04564 | $14,666 | $666.35 | $35.50 | $630.85 | $778 |
| Jan 2018 | 0.03344 | $12,955 | $438.43 | $35.50 | $402.93 | $1,062 |
| Feb 2018 | 0.02362 | $9,531 | $224.15 | $32.06 | $192.09 | $1,358 |
| Mar 2018 | 0.02403 | $9,149 | $220.23 | $35.50 | $184.74 | $1,477 |
| Apr 2018 | 0.02075 | $7,879 | $162.61 | $34.35 | $128.26 | $1,656 |
| May 2018 | 0.01906 | $8,442 | $161.70 | $35.50 | $126.21 | $1,863 |
| Jun 2018 | 0.01505 | $6,792 | $102.25 | $34.35 | $67.90 | $2,283 |
| Jul 2018 | 0.01528 | $7,012 | $106.37 | $35.50 | $70.88 | $2,323 |
| Aug 2018 | 0.01223 | $6,741 | $82.42 | $35.50 | $46.92 | $2,903 |
| Sep 2018 | 0.01120 | $6,617 | $74.23 | $34.35 | $39.88 | $3,069 |
| Oct 2018 | 0.01105 | $6,476 | $71.55 | $35.50 | $36.05 | $3,214 |
| Nov 2018 | 0.01287 | $5,454 | $69.63 | $34.35 | $35.28 | $2,668 |
| Dec 2018 | 0.01522 | $3,725 | $56.65 | $35.50 | $21.15 | $2,332 |
| Jan 2019 | 0.01459 | $3,710 | $54.13 | $35.50 | $18.63 | $2,433 |
| Feb 2019 | 0.01267 | $3,693 | $46.87 | $32.06 | $14.81 | $2,530 |
| Mar 2019 | 0.01315 | $3,947 | $51.85 | $35.50 | $16.35 | $2,700 |
| Apr 2019 | 0.01255 | $5,121 | $64.22 | $34.35 | $29.87 | $2,737 |
| May 2019 | 0.01229 | $7,081 | $86.33 | $35.50 | $50.83 | $2,887 |
| Jun 2019 | 0.01084 | $9,137 | $97.72 | $34.35 | $63.36 | $3,168 |
| Jul 2019 | 0.00923 | $10,676 | $98.67 | $35.50 | $63.18 | $3,847 |
| Aug 2019 | 0.00780 | $10,477 | $81.71 | $35.50 | $46.22 | $4,553 |
| Sep 2019 | 0.00647 | $9,916 | $64.42 | $34.35 | $30.07 | $5,306 |
| Oct 2019 | 0.00615 | $8,452 | $51.99 | $35.50 | $16.49 | $5,777 |
| Nov 2019 | 0.00604 | $8,395 | $50.79 | $34.35 | $16.44 | $5,687 |
| Dec 2019 | 0.00629 | $7,244 | $45.57 | $35.50 | $10.07 | $5,644 |
| Jan 2020 | 0.00582 | $8,211 | $47.55 | $35.50 | $12.05 | $6,103 |
| Feb 2020 | 0.00503 | $9,674 | $48.68 | $33.21 | $15.47 | $6,603 |
| Mar 2020 | 0.00569 | $6,909 | $38.75 | $35.50 | $3.26 | $6,241 |
| Apr 2020 | 0.00520 | $7,187 | $37.34 | $34.35 | $2.98 | $6,605 |
| May 2020 | 0.00385 | $9,216 | $35.48 | $35.50 | -$0.02 | $9,211 |
| Jun 2020 | 0.00258 | $9,531 | $24.59 | $34.35 | -$9.76 | $13,326 |
| Jul 2020 | 0.00248 | $9,591 | $23.77 | $35.50 | -$11.73 | $14,318 |
| Aug 2020 | 0.00254 | $11,641 | $29.57 | $35.50 | -$5.93 | $13,970 |
| Sep 2020 | 0.00213 | $10,663 | $22.74 | $34.35 | -$11.61 | $16,118 |
| Oct 2020 | 0.00217 | $11,832 | $25.92 | $35.50 | -$9.58 | $16,368 |
| Nov 2020 | 0.00218 | $16,636 | $36.13 | $34.35 | $1.78 | $15,760 |
| Dec 2020 | 0.00215 | $21,898 | $46.87 | $35.50 | $11.38 | $16,532 |
| Jan 2021 | 0.00205 | $34,406 | $70.75 | $35.50 | $35.25 | $17,275 |
| Feb 2021 | 0.00176 | $46,322 | $81.16 | $32.06 | $49.09 | $18,256 |
| Mar 2021 | 0.00193 | $53,803 | $103.75 | $35.50 | $68.25 | $18,388 |
| Apr 2021 | 0.00184 | $57,118 | $105.12 | $34.35 | $70.77 | $18,632 |
| May 2021 | 0.00186 | $46,752 | $85.79 | $35.50 | $50.29 | $19,039 |
| Jun 2021 | 0.00244 | $35,709 | $86.85 | $34.35 | $52.50 | $14,088 |
| Jul 2021 | 0.00306 | $34,390 | $105.04 | $35.50 | $69.54 | $11,582 |
| Aug 2021 | 0.00262 | $45,712 | $119.13 | $35.50 | $83.63 | $13,559 |
| Sep 2021 | 0.00215 | $45,680 | $98.29 | $34.35 | $63.94 | $15,979 |
| Oct 2021 | 0.00206 | $57,667 | $118.36 | $35.50 | $82.86 | $17,271 |
| Nov 2021 | 0.00178 | $60,677 | $107.95 | $34.35 | $73.59 | $19,329 |
| Dec 2021 | 0.00173 | $49,476 | $85.63 | $35.50 | $50.13 | $20,534 |
| Jan 2022 | 0.00162 | $41,157 | $66.85 | $35.50 | $31.35 | $21,928 |
| Feb 2022 | 0.00135 | $40,609 | $54.88 | $32.06 | $22.82 | $23,745 |
| Mar 2022 | 0.00147 | $41,967 | $61.83 | $35.50 | $26.33 | $24,090 |
| Apr 2022 | 0.00138 | $41,628 | $57.32 | $34.35 | $22.97 | $24,953 |
| May 2022 | 0.00134 | $31,836 | $42.76 | $35.50 | $7.27 | $26,460 |
| Jun 2022 | 0.00132 | $24,464 | $32.25 | $34.35 | -$2.10 | $26,039 |
| Jul 2022 | 0.00143 | $21,434 | $30.63 | $35.50 | -$4.87 | $24,875 |
| Aug 2022 | 0.00144 | $22,474 | $32.42 | $35.50 | -$3.08 | $24,624 |
| Sep 2022 | 0.00125 | $19,816 | $24.84 | $34.35 | -$9.52 | $27,416 |
| Oct 2022 | 0.00118 | $19,627 | $23.14 | $35.50 | -$12.35 | $30,096 |
| Nov 2022 | 0.00108 | $17,674 | $19.14 | $34.35 | -$15.22 | $31,712 |
| Dec 2022 | 0.00117 | $16,950 | $19.79 | $35.50 | -$15.71 | $30,413 |
| Jan 2023 | 0.00113 | $20,120 | $22.58 | $35.50 | -$12.92 | $31,450 |
| Feb 2023 | 0.00093 | $23,300 | $21.75 | $32.06 | -$10.31 | $34,351 |
| Mar 2023 | 0.00094 | $25,056 | $23.40 | $35.50 | -$12.10 | $37,911 |
| Apr 2023 | 0.00083 | $28,850 | $24.07 | $34.35 | -$10.28 | $41,173 |
| May 2023 | 0.00095 | $27,508 | $26.27 | $35.50 | -$9.23 | $37,217 |
| Jun 2023 | 0.00079 | $27,690 | $21.88 | $34.35 | -$12.47 | $43,444 |
| Jul 2023 | 0.00078 | $30,078 | $23.58 | $35.50 | -$11.92 | $45,288 |
| Aug 2023 | 0.00077 | $27,892 | $21.49 | $35.50 | -$14.00 | $46,114 |
| Sep 2023 | 0.00073 | $26,296 | $19.08 | $34.35 | -$15.28 | $47,348 |
| Oct 2023 | 0.00070 | $29,625 | $20.54 | $35.50 | -$14.96 | $51,076 |
| Nov 2023 | 0.00069 | $36,499 | $25.07 | $34.35 | -$9.29 | $50,029 |
| Dec 2023 | 0.00074 | $42,426 | $31.49 | $35.50 | -$4.01 | $47,879 |
| Jan 2024 | 0.00062 | $42,920 | $26.76 | $35.50 | -$8.73 | $56,933 |
| Feb 2024 | 0.00051 | $49,503 | $24.99 | $33.21 | -$8.22 | $65,481 |
| Mar 2024 | 0.00052 | $67,612 | $34.84 | $35.50 | -$0.66 | $68,855 |
| Apr 2024 | 0.00044 | $65,967 | $29.42 | $34.35 | -$4.94 | $77,308 |
| May 2024 | 0.00025 | $65,088 | $16.52 | $35.50 | -$18.98 | $139,859 |
| Jun 2024 | 0.00026 | $66,005 | $17.06 | $34.35 | -$17.29 | $133,214 |
| Jul 2024 | 0.00025 | $62,733 | $15.91 | $35.50 | -$19.59 | $139,812 |
| Aug 2024 | 0.00023 | $60,064 | $13.91 | $35.50 | -$21.59 | $153,361 |
| Sep 2024 | 0.00022 | $60,182 | $13.10 | $34.35 | -$21.25 | $157,840 |
| Oct 2024 | 0.00023 | $65,540 | $14.97 | $35.50 | -$20.53 | $155,274 |
| Nov 2024 | 0.00020 | $86,295 | $17.10 | $34.35 | -$17.25 | $173,167 |
| Dec 2024 | 0.00019 | $98,317 | $19.11 | $35.50 | -$16.39 | $182,656 |
| Jan 2025 | 0.00019 | $99,947 | $18.55 | $35.50 | -$16.95 | $191,319 |
| Feb 2025 | 0.00016 | $95,565 | $15.74 | $32.06 | -$16.32 | $194,663 |
| Mar 2025 | 0.00018 | $85,023 | $15.42 | $35.50 | -$20.08 | $195,794 |
| Apr 2025 | 0.00016 | $86,331 | $14.05 | $34.35 | -$20.30 | $210,947 |
| May 2025 | 0.00017 | $103,376 | $17.41 | $35.50 | -$18.09 | $210,737 |
| Jun 2025 | 0.00016 | $105,726 | $16.47 | $34.35 | -$17.88 | $220,482 |
| Jul 2025 | 0.00016 | $115,184 | $18.97 | $35.50 | -$16.53 | $215,269 |
| Aug 2025 | 0.00016 | $114,924 | $18.03 | $35.50 | -$17.47 | $226,304 |
| Sep 2025 | 0.00014 | $113,009 | $16.09 | $34.35 | -$18.26 | $241,187 |
| Oct 2025 | 0.00014 | $114,290 | $15.48 | $35.50 | -$20.01 | $261,967 |
| Nov 2025 | 0.00013 | $96,532 | $12.31 | $34.35 | -$22.04 | $269,151 |
| Dec 2025 | 0.00014 | $89,008 | $12.10 | $35.50 | -$23.40 | $261,051 |
| Jan 2026 | 0.00014 | $90,557 | $12.58 | $35.50 | -$22.92 | $255,535 |
| Feb 2026 | 0.00014 | $69,035 | $9.32 | $32.06 | -$22.74 | $237,403 |
| Mar 2026 | 0.00014 | $69,617 | $9.99 | $35.50 | -$25.51 | $247,325 |
| Apr 2026 | 0.00014 | $73,507 | $10.48 | $34.35 | -$23.87 | $240,921 |
| May 2026 | 0.00015 | $78,032 | $11.69 | $35.50 | -$23.81 | $237,022 |
| Jun 2026 | 0.00015 | $63,237 | $9.39 | $34.35 | -$24.96 | $231,370 |
| Jul 2026 | 0.00016 | $63,709 | $9.97 | $35.50 | -$25.53 | $226,919 |
| Aug 2026 | 0.00016 | $69,262 | $11.06 | $35.50 | -$24.44 | $222,353 |
| Sep 2026 | 0.00015 | $80,390 | $12.16 | $34.35 | -$22.19 | $226,941 |
| Oct 2026 | 0.00015 | $82,327 | $12.14 | $35.50 | -$23.35 | $240,816 |
| Nov 2026 | 0.00006 | $76,090 | $4.35 | $14.89 | -$10.54 | $260,456 |
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 · Antminer S9 lifespan report: $2,100 in 2016, 5.57 BTC by the time it stopped · The Antminer S9 was switched off in 2024. Its bitcoin never was.