The NiceHash calculator won’t tell you directly how long it will take to mine 1 Bitcoin but there is an easy way to find out. Go to the calculator, select which mining rig you’re going to use and then increase the number of devices until you can see that you’re earning 1 Bitcoin per month. Nov 22, · How long does it take to mine a bitcoin in How long to mine 1 bitcoin – Conclusion. To mine bitcoin you need Application Specific Integrated Circuit (ASIC) equipment that has been made just for mining bitcoin. So you need about x AntMiner S9s which cost about US$ 1, each, so US$ , mining guides. 1 Bitcoin in Blockchain Bitmain Antminer. pool F2pool, this is you want to be Ultimately, the S9 is S9 ~TH/s @ W/GH time, the S9 Looking takes to mine 1 The smallest amount of a Bitcoin? - Invest a question many people the most Model Antminer How Does it Work?
Antminer s9 how long to mine 1 bitcoinCan you mine 1 Bitcoin? How Long Does It Take To Mine One BTC?
One of the points of bitcoin is that the cost of successive bitcoins increases steadily. So there is no standard difficulty: the first ones were easy, the last will be incredibly hard.
What is bitcoin mining all about? Is it profitable to mine bitcoins in ? Want to know what are best asic miners? What is pool mining and which mining pool is legit to join and earn crypto? Read our reviews of Genesis mining and Hashing Mining bitcoin is now a business, in the hands of professional miners that have invested significant money in infrastructure.
Historically, more often than not, people are better off buying Bitcoins directly for cash and holding them and let the price appreciate versus putting that money directly into hardware equipment. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.
The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin. Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries.
The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. We are planning to start mining! Can you help us knowing how many asic we require to mine 1 btc a day! We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high.
Journal Mining. By picking the right coin at the right time - click the button to learn more. Crypto arbitration still works like a charm, if you do it right! Currently, based on 1 price per hash and 2 electrical efficiency the best Bitcoin miner options are:. This peak was attained on May 24th That enormous growth has been spurred by major investment into Bitcoin mining technology and operations. There was accumulation of profits, in China, where mining is most profitable that resulted to several contenders e.
KNC being kicked out of the industry. We have tried to calculate the amount of money that the Chinese have invested in mining; we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back. The same Chinese competitive advantage has been even more effective at extracting the profit-dependent hobbyist miner from the market. The profitability of all but the most efficient operations will likely be tested, with the block reward halving coming into view.
Will the new S9 be a game changer for smaller and hobby miners and return their lost profitability given that profits derived from the current generation of mining hardware are decreasing and will likely reach negative returns after halving?
Even if the process cannot continue forever with the current technology, the on-going miniaturization of semiconductors allows ever greater computing power and electrical efficiency. A vital enhancement upon the 28 nm design usual to other modern mining devices is the 16 nm fabrication process used in the manufacture of the S9.
Even though a 10nm process is just around the corner for , further increases beyond that remain theoretical. Also, the design and manufacture of any 10nm Bitcoin mining hardware is likely to take at least a year. The great news is that existing power supplies, at least those of sufficient wattage, are fully compatible with the S9. We combined a total of chips, spread over 3 circuit boards to achieve this phenomenal hashrate.
Bear in mind that Power Cost will be depending to your location and that Difficulty differs every two weeks, usually to the upside. Always remember that during post-halving, a number of marginal miners will most likely be pushed to either upgrade to a better hardware or shut down. Your mining pool will decide your Pool fees; when solo-mining, a single unit is highly unlikely to find any blocks although the S9 is highly powerful.
As per the inputs discussed above, the S9 will yield 0. These puts return on Investment ROI slightly above one year! Of course, supposing that all factors were to stay constant for such impressive result despite the fact that it is very unlikely in the constant-changing world of Bitcoin!