I think With today's difficulty rate, it may take a solo miner nearly five years to mine just one bitcoin. That's the average rate for miners, even for those who use the most efficient mining hardware.
How Long Does It Take To Mine One Bitcoin?
- Thread starter Suba
- Start date
How long to mine a particular bitcoin, can not be actually predicted. this is because there are alot of factors associated with the mining. which may include the network of your location and those devices which are involved in the mining and also the price of a bitcoin at that time of mining.
On the average, it'll take about 5 years to mine one Bitcoin because of the recent rate of difficulty and that's even with the best of mining hardware.
That's for a solo miner though, that's why a lot of people always combine to mine BTC.
That's for a solo miner though, that's why a lot of people always combine to mine BTC.
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I really don't know much of the hardware to mine any real cryptocurrency. If you know any of them you can simply introduce to me. For me, I know about real mining which is fine by groups using maligned hardwares and other equipments including green energy to mine good number of coins like BTC, ETH, or BNB coin etc.
It's doesn't matter how long it takes but with in 15mins it works
This very unrealistic to mine 1btc in 10mins. I seriously in doubt. Maybe it is another bitcoin not the same bitcoin we all know. Mining of bitcoin is one the hardest coin to mine and you are talking about mining 6btc daily. I stand to be corrected but from what I know so far it is not possible.
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This very unrealistic to mine 1btc in 10mins. I seriously in doubt. Maybe it is another bitcoin the same bitcoin we all know. Mining of bitcoin is one the hardest coin to mine and you are talking about mining 6btc daily. I stand to be corrected but from what I know so far it is not possible.
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What ? I don't believe this that it will takes a little time to mine one bitcoins because if this was possible then all bitcoins in the cryptocurrency system will have been in circulation and there could have been no other one to mint.
It actually depends on the mining rig you are making use of to mine , because there are some mining rig that you would make use of and it would only take you a few time to mine
A specific amount of time, can not be predicted on how long to mine a single bitcoin due to some factors which may affect the mining process, either the effort of the individual miners, powere supply and the devices which are to be used.
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Adecyptii
Guest
It depends on the tools you Are using In mining the bicoin,but considering the fact that bicoin has high rate,I think mining bitcoin will be hardest among other coins.
The time, to which mining a particular bitcoin takes, may not be actually predicted. This is because there are alot of factors which are always affecting mining. Some times, the value of the coin at that particular time of mining and the devices which is used for the mining.
Minning bitcoin requires a huge responsibility and it also requires a lot of materials like computers and others, so a person using a mobile phone to mine is just wasting his/her time.
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Bitcoin mining should not take. That long time since there are already a lot of sophisticated devices there to make sure that it moves very easily than it used to be in the past.
I don't really know the amount of time it takes to mine one bitcoin. I feel it depends on the mining app. Why not ask professional miners of bit coin, they would be in a better position to answer your question.
Well, the truth is that the time duration to mine a single bitcoin can not be predicted because there are certain factors which may affect the mining ability.
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Absolutely and the nature of the equipment you use and other factors are responsible for the time taken to mine 1 bitcoin but fundamentally is going to take a long time. 1 Bitcoin is huge amount.
Am learning from this topic, mining bitcoin is one of the things I will consider doing in the future, all I will need is some one to keep me through.
To be very serious we may not be able to give you accurate information on how long it will take to mine 1 b e c but they are some things we will fasten the mining process of cryptocurrency..
The first one will be the strength of the mining pools...
The second one probably will depend on the country and its environment.
The first one will be the strength of the mining pools...
The second one probably will depend on the country and its environment.
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I don't know what you are using to mine, a phone? Laptop, e.t.c but one thing I know about mining is that it can consume a lot of power supply, it is not advisable to use your phone, as can spoil your battery.
I think it's actually depends on the platform you use in mining and the device made use of, laptops generate more hash rate than phones normally generate.
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