How long time to mine 1 bitcoin
These days it seems that the best miner available for sale is the AntMiner S9. It is actually over a year old, and there are faster and more energy efficient ASICs now, e. BitFury, but how long time to mine 1 bitcoin is very hard to get any information on those, so we will just use the S9 information.
The collective Bitcoin hash rate is equivalent toS9 miners running in parallel. It can be as low as 0. While grosly inaccurate, this shows that mining is quite profitable, and that Bitcoin price would have to fall a lot for mining to stop being profitable.
Thus there is a direct relationship between energy cost and the how long time to mine 1 bitcoin. This is all very confusing, but we can see that faster hardware and more of it drives the cost of mining up and the rlationship between the difficulty and the cost of mining a Bitcoin is linear. Faster hardware enables higher hash rate at improved energy efficiency, and the difficulty adjusts to keep the rate of blocks and supply of new BTC at 10 minutes. How long time to mine 1 bitcoin cost factor behind Bitcoin is energy, and spending more energy on mining makes a Bitcoin more expensive and less profitable.
So far we have not seen any news reports of mining facilities being sabotaged, which probably means miners are not enemies. I will need to think on this some more as there are a lot of moving parts. But if I can make a cursory conclusion here, it is that industrial mining is and will remain very profitable for some time.
How much does it cost in electricity to mine a Bitcoin? As of Sep 28,according to blockchain. An S9 uses W, which means that in 1 hour it consumes 1. Bitcoin blocks are solved at 6 per hour on average. The current mining reward is This, of course, does not include hardware and other costs.
Looking at the Trend Current difficulty isThe difficulty before that was Difficulty adjusts every 2, blocks, which is about two weeks. Please enable JavaScript to view the comments powered by Disqus.
How long would it take me to mine 1 bitcoin with an nvidia titan xp graphics card? This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.
At the current difficulty, that amount of hashrate will let you mine a block on average once per years. If you use pooled mining, you can get incremental payouts for shares partial proof of work. It's not really feasible to mine bitcoins with gpus anymore as there are special purpose asic chips how long time to mine 1 bitcoin used to mine. According to this link.
Here is a list of what's currently used to mine bitcoin Questions Tags Users Badges Unanswered. Bitcoin Stack Exchange is a question and answer site for How long time to mine 1 bitcoin crypto-currency enthusiasts. Join them; it only takes a minute: Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top.
How long would it take for me to mine a how long time to mine 1 bitcoin with a TItan XP nvidia [duplicate]. This question already has an answer here: How much Bitcoin will I mine right now with hardware X? Wait so if this isnt good what should I use to be able to result in the maximum efficient to get bitcoins.
I am willing to spend around 2k-3k dollars. See the link in my answer. It's a bitcoin mining hardware guide that gives you the price for each piece of hardware along with how much bit coin you can expect to mine. Keep in mind this is constantly changing. Pieter Wuille 40k 2 75 And this is even assuming that the rewards and difficulty remain constant. So the reality is even worse than this. Bitcoin Stack Exchange works best with JavaScript enabled.