Antminer S23 Hydro

563 TH/s at 5,630 watts. 10.0 J/TH, which is rank 2 of 85 in this comparison.

What this machine earns at your electricity price

Electricity price

cents per kWh

Net per day

–

Break-even price

–

Payback

–

Further assumptions

Bitcoin price in euro

Pool fee in percent

Purchase price in euro

Waste heat replaces heating A miner in a living space heats it. Whatever gas or electricity you therefore do not buy counts against the power bill, but only in the months you would be heating anyway.

Network hashrate 973 EH/s ·

Household prices per Eurostat, 2. Halbjahr 2025, including all taxes and levies. Your own tariff may differ considerably; cheap switching offers often sit ten cents below. Just type yours in.

The break-even electricity price is the price per kilowatt-hour at which earnings exactly cover the power bill. Below it the machine earns, above it the machine burns money. In central Europe that is the number almost everything turns on.

The sum behind it

Earned per day–

Earned per day in euro–

Power used per day–

Power cost per day–

of which heat credit–

BTC per day = hashrate ÷ network hashrate × 144 blocks × 3.125 BTC × (1 − pool fee) Power cost = watts ÷ 1000 × 24 h × price per kWh Break-even = earnings in euro ÷ kilowatt-hours per day

Not included: connection, cooling, power-supply losses, downtime and maintenance. Water cooling adds the loop itself, hosting adds the slot fee. Network difficulty rises over the long run, which lowers earnings at the same hashrate; the payback figure uses today's values and is therefore on the optimistic side.

Specifications

ManufacturerBitmain

Hashrate563 TH/s

Power draw5,630 W

Efficiency10.0 J/TH

CoolingWater

Form factorStandalone unit

AlgorithmSHA-256

Price per terahash19 €

Market reference10,800 € / 12,393 $

Assessment

At 10 J/TH the S23 Hydro sits at the top of what you can buy as a single unit today. You pay for it with the highest price per terahash in the catalogue. Whether that works out depends entirely on the power price: the dearer the kilowatt-hour, the more every saved joule is worth. On an industrial tariff the machine never earns back its premium; on a household tariff it is one of the very few that reach profit at all. The break-even figure above shows where the line falls.

Against machines of similar efficiency

Model	TH/s	J/TH	Net/day	Break-even	Price
Antminer S23 Hyd 3U	1,160	9.5	–	–	7,493 €
Antminer S23e Hyd 2U	865	10.0	–	–	—
Antminer S23 Hydro	563	10.0	–	–	10,800 €
Antminer S23	318	11.0	–	–	—
Antminer S21 XP+ Hyd	500	11.0	–	–	8,003 €
Antminer S21 XP Hydro	473	12.0	–	–	10,370 €
Antminer S21j XP Hyd	495	12.0	–	–	—

All 85 models compared

Do the sums before you buy

If you do not like the numbers, you are not alone: at household prices almost none of these machines pay off in central Europe. If you still want to understand how mining works economically, you can play it through in the Coinovo app, with the same models and the same formulas, but without hardware and without a power bill.

Open Coinovo