Is solo Bitcoin mining still profitable? If you're researching the Bitmain Antminer S21 XP Hyd, you might be considering setting up your own mining rig. With 473 TH/s of power and 12j/TH efficiency, it's an impressive machine, but will it actually make you money as a solo miner?
Before you go all-in on solo mining, let’s break down the reality of today’s Bitcoin mining landscape.
Bitcoin mining isn’t what it used to be. Back in the early days, you could mine BTC with a laptop. Today, even with cutting-edge ASIC miners, going solo comes with serious challenges:
Soaring Hashrate Competition
Bitcoin’s global hashrate is at record highs, meaning more competition for rewards. Unless you have massive industrial-scale mining, solo mining is a long shot.
High Electricity Costs
The S21 XP Hyd consumes 5676W, meaning electricity pricing is a make-or-break factor. If you don’t have below-market energy rates, you could be mining at a loss.
Inconsistent Payouts
Mining is a numbers game, you need uptime, scale, and low costs to generate steady profits. Solo miners often face unpredictable earnings, while larger operations lock in consistent Bitcoin production.
Upfront Costs and Maintenance Hassles
Buying an S21 XP Hyd (or multiple) is just the beginning. You’ll also need:
A location with cheap electricity and proper cooling
Infrastructure and power setup
24/7 monitoring and maintenance
Unless you have industrial-grade mining facilities, it’s nearly impossible to compete with large-scale operators.
Instead of going solo, savvy investors are turning to professionally managed mining operations to maximize returns while minimizing risks.
At MiningStore, we help investors like you mine at scale, with lower costs and no operational headaches.
Low-Cost Power = Discounted Bitcoin
Electricity is the biggest cost in mining, and our managed facilities secure below-market rates, so you earn BTC at a discount.
No Maintenance, No Hassles
We handle everything, from hardware setup to 24/7 management, so you can mine stress-free.
Aligned Incentives for Maximum Profits
We operate on a simple profit-share model, meaning our success is directly tied to yours.
Unlike solo mining, where you need to source power, equipment, and manage uptime, getting started with our Managed Mining Program (MMP) is simple:
Invest in a minimum of 10 miners (Whatsminer M60S or newer models), approximately $50,000 investment.
We set up, host, and manage your operation in our low-cost power and high-efficiency mining facility
You monitor your mining in real-time through a Luxor watcher link
You receive Bitcoin payouts, without the operational headaches
It’s a win-win: you scale your mining effortlessly, while we ensure your operation runs at peak profitability.
Factor | Solo Mining | Managed Mining Program |
Electricity Costs | High (varies by location) | Low (low-cost power) |
Maintenance | DIY (downtime risks) | Fully managed, 24/7 monitoring |
Mining Efficiency | Dependent on self-setup | Optimized for max BTC production |
Profitability | Uncertain, fluctuating | New generation miners + Low-cost power = Most profitable Bitcoin miners |
Scaling Potential | Limited by power costs and space | Easily scale by adding miners |
If you’re serious about mining Bitcoin profitably and sustainably, solo mining may not be your best bet. The combination of rising difficulty, high electricity costs, and operational challenges makes it difficult to compete alone.
By partnering with MiningStore, you:
Earn Bitcoin at a discount with low-cost energy
Eliminate the headaches of maintenance and setup
Scale effortlessly while staying profitable in any market condition
Don’t wait! Secure your mining setup before energy rates increase!
Book a call with our team today and start mining smarter with MiningStore.
