As the price of Bitcoin (BTC) moves at a very steady pace during the crypto winter, the return on investment (ROI) of a new mining device seems like a shot in the dark. But the mining expert explained that the miners may have hope of returning profits.

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Phil Harvey, CEO of consulting firm Sabre56, told Cryptooshala that there are factors to consider when checking the potential profit from mining devices. These are the characteristics of the mining machines, the costs, the real ROI, and the economics of mining over time.

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Analyzing recently came out Harvey noted that the Antminer S19 XP from mining equipment supplier Bitmain is the most efficient miner at the moment in terms of specifications. In terms of costs, the crypto mining expert noted that the current costs of mining machines are significantly lower than in the past few months, especially if they are purchased directly from the manufacturer, it is estimated that they can cost approximately $5,600 per machine.

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In terms of what Harvey describes as real ROI, the consulting firm’s CEO explained that using their firm’s database, which tracks miner earnings from the first ASIC miner to today, shows that big miners can reclaim their ROI. at about 11 months old.

On the other hand, given the electricity costs for retail miners, Harvey said it could take them 15 months to recoup their investment. He also explained that:

“These figures do not take into account possible leverage. In other words, miners who paid twice as much must endure a payback period of twice as long.”

Commenting on the durability of the new device, the CEO said that in the facility where they work, this type of miner can last at least 36 months.

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Asked if mining can be profitable in the long run, the expert also explained that mining revenue estimates do not always match the theory. He noted that in 2013 and 2014, mining revenue estimates rose by an average of $4,711.28. However, the real proceeds turned out to be only $1,047.33. He explained that:

“Basing the mining economy on a single metric, such as dollars per terahash, will not provide an accurate picture of the digital asset mining industry, investment opportunities, or the overall market.”

Harvey stressed that the data shows that terahash revenue will decline, predicting a potential mining collapse. But the mining expert argued that this has nothing to do with the income from a single mining machine, which he claims has demonstrated stability over time.