How much money do Bitcoin miners make?

[Trojan8]

This would depend on your mining rig and it computing power. The mining rate was recently halved to 6.25 which is the maximum that can mined with rig. In some cases you won't be able to mine how much you use to buy the rig. There are times when the cost of electricity is even more than what was mined so it depends on factors.

 

[Jomarie05]

I think bitcoin miners is earning a lot profit than bitcoin traders. Also bitcoin miners profit is depending on their mining profit. Also bitcoin miners profit is divided to their hardware upgrade and their electric bill. Bitcoin miner is like a lazy work but you are gaining profit.

 

[Dowenship]

Is Cryptocurrency mining a great way to earn a passive income at the height of the craze around blockchain-based tokens. And How much money does Bitcoin miners make? How can we determine the potential earnings of a cryptocurrency miner today, Are they really making it

I don't think mining crpyto currency is a good idea because you are limited to your equipment, unless you have capable equipment to earn thousands of satochi in a day then u close to el on musk as the richest

 

[Khuzaima]

By mining, you can earn cryptocurrency without having to put down money for it. Bitcoin miners receive Bitcoin as a reward for completing "blocks" of verified transactions which are added to the blockchain.

 

[Ebuka Stephen]

Ooh I never knew bit coin has a miner that one can profit from till just now, well I want to know more about this miners , like how long will it take for me to mine one bit coin and the resources its takes to do so, I really am interested in it

 

[Alexandoy]

May I admit that I am ignorant of mining Bitcoin. It is a new term to me althoughI I have come across mining often but I never bothered to read it. But since I am learning crypto currency in this forum so now I am uncovering more topics about crypto currency that now includes the Bitcoin mining. What exactly is a blockchain and where does it come from? Why are miners "tuned in" to the website of the blockchain and they are paid in Bitcoin?

 

[Mawome]

Bro those who mine with the Bitcoin machine, depending on how fast the machines is, some of them can 0.0009 btc a day or even more. With this they can realize 1 Bitcoin in a week I tell you the business is very profitable, but it's not for everybody, because the machine is something you can't get anyhow.

 

[Jlife]

It depends on a lot of factors and example of such factors that can determine how much they make is how strong is there mining pools and their mining rate because this is what will determine how much they will be making another thing to consider is available of high mining electronic.

 

[Profuk57]

When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC.

wow it seems you have a lot of knowledge about mining of Bitcoin and other form of cryptocurrency but I would like to ask how long does it take to mine 1 block of Bitcoin does it take a day a week or a month and if you succeed in mining one block does it cover all the cost.

 

[Life drama]

You don't solely determines the profit or the whole amount you gained by yourself,it depends on other factors which also determines gains from Bitcoin miners like market values and other factors,but if you do your calculations and forcasting well and you also work hard there is hope of gaining enough from Bitcoin mines.

 

[Setho]

Bitcoin mining is a very good business that pays well but as usual requires a very good deal of patience in order to cross the line. Minners are being paid with the transaction fees users pay to the platform. Miners are paid based on confirmation blocks they complete and might earn about 6.4 per block completed.

 

[Waseem74]

In 2020, one modern Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $8 in Bitcoin revenue every day.When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC.

 

[OderuMiracle]

For as far back as a while, excavators around the globe have been incredibly dynamic, which can be seen through spikes in hash rates that corresponded with a huge expansion in the costs of digital forms of money. Toward the start of 2020, Ether (ETH) could be purchased for $130, and now, ETH has reached $500. The lord of digital forms of money, Bitcoin (BTC), added right around a cool $10,000 to its cost.

Anyway, by what means would users be able to draw in with the business? What has been clear for quite a while is that performance mining isn't the best approach. For Bitcoin, Ether, and each major altcoin, the blockchain is implicit in quite a way that the

 

[Olaoluwa Abraham Abiodun]

When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC.

I think bitcoin miners is earning a lot profit than bitcoin traders. Also bitcoin miners profit is depending on their mining profit. Also bitcoin miners profit is divided to their hardware upgrade and their electric bill. Bitcoin miner is like a lazy work but you are gaining profit.

 

[Jimmie150]

Bitcoin miners make a lot of money but it is still not easy to determine how much this miner make. The truth is it is not is east to mine bitcoun at the moment because it is very expensive to do so you would need a mining machine and a stable electricity to do so.

 

[Taimoor Jutt]

I have just read stats but no knowledge about this so far, but stats are when bitcoin was mined for the first time in 2009, one block mining will give you 50 BTC.
This has been halved to 25 BTC in 2012. By 2016, this was again
halved to 12.5BTC. On May 11, 2020, the compensation was again halved to BTC 6.25.

 

[iamgroot]

It is true and not a joke that miners earn especially seirous big time crytpo miners. But ss despite this it is also no joke what they spent before they earned. From mining rigs, to the ground where they will set them up, and the electric bill that is huge. But it's worth it especially when you make a profit.

 

[BTCBEE]

Is Cryptocurrency mining a great way to earn a passive income at the height of the craze around blockchain-based tokens. And How much money does Bitcoin miners make? How can we determine the potential earnings of a cryptocurrency miner today, Are they really making it

yes it was a good way to make money in crypto but as bitcoin value been gone very high so there is no chance to get free mining because cloud mining has to pay more bills so how they can pay users who are mining free there

 

[Yewande]

Is Cryptocurrency mining a great way to earn a passive income at the height of the craze around blockchain-based tokens. And How much money does Bitcoin miners make? How can we determine the potential earnings of a cryptocurrency miner today, Are they really making it

Certainly crypto currency is a great way to make regular passive income. You can't imagine how much those who have up to a Bitcoin and know how to trade very well will be making with every rise and fall of the market value of the coin.

 

[kayode10]

The amount of money the Bitcoin miner made at the end of the month depends on the resources the youth in mining cryptocurrency. One of the sources is software used. If the software used for mining is very powerful, there is possibility of making more money at the end of the month. Also the system setup plays a significant role in the mining process. And expert cryptocurrency miner is capable of making over $4000 a month on average.