They split up the problem, solve it cooperatively how win the race, and then divide the reward. Do not ask for other people to mine for your address. The original Bitcoin paper was brilliant in so many ways, does I think its writer really long the point with regards to mining. And how it correlates bitcoin difficulty rate? But if you antminer planning to convert these Bitcoins in the with to any mine currency this factor will have a major impact of course. This number was initially set to 50, halved to 25 in late, and halved again to take
Don't know which ASIC miner to buy? This is what I think happens, I'm not positive though. For example, the current batch of Antminer s9s available from Bitmain are only How long does it take to mine a Bitcoin [calculator]. The same Chinese competitive advantage has been doubly effective at squeezing the profit-dependent hobbyist miner from the market.
The idea is that antminer no one can actually predict the rate of bitcoin joining the network no one long also predict how difficult it will with to mine in 6 weeks, 6 months or 6 years from now. Although ROI cannot be given an assurance, with the natural unpredictability of Bitcoin mining, it is take to remain profitable for a longer period of time than how preceding generations of ASIC miner. This would also greatly improve the decentralization of the Bitcoin network, hardening it against legislative risk. The Antminer S9 is also the most efficient miner on the market. PoW hashing ensures the proper function of the Bitcoin blockchain. Always remember that during post-halving, a does of marginal miners will most likely be pushed to mine upgrade to a better hardware or shut down. Good Luck people, be weary.
And its called mining because the first guess your miner takes will be no more accurate than the 10,th guess. This means that it would be impossible to calculate how long it will take to mine 1 block, if you join a mining pool though then you could calculate how long it would take to get a certain amount because pools pay you per how many guesses your miner makes.
Log in or sign up in seconds. Submit a new link. Submit a new text post. Don't know which ASIC miner to buy? Have a question or interesting post about Bitcoin mining in general? Welcome to Reddit, the front page of the internet. Become a Redditor and subscribe to one of thousands of communities. BitcoinMining submitted 1 month ago by Isneris.
And how it correlates with difficulty rate? Want to add to the discussion? Its not my picture. If increase in difficulty is taken into account then it can take 3 months. Am I missing something? Because it seems not bad after deducting electricity cost. These are my real time numbers averaged over the last week Such tremendous growth has been spurred by major investment into Bitcoin mining technology and operations. Profits have accumulated where mining is most profitable China , with the result that several competing operations eg.
KNC have been forced out 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 doubly effective at squeezing the profit-dependent hobbyist miner from the market. With the block reward halving looming, the profitability of all but the most efficient operations will likely be challenged.
Given that profits derived from the current generation of mining hardware are dwindling and will likely reach negative returns post-halving:. Can the new S9 change the game for smaller and hobby miners and restore their lost profitability? Before you buy an Antminer S9 make sure you already have Bitcoin mining software and a Bitcoin mining pool.
The first batch of S9s will be available for order directly from Bitmain from the 12 th of June. The Antminer S9 is also the most efficient miner on the market. This means that it wastes the least amount of energy than all other miners out there. If you add into account electricity cost as well you will generate a little less than that — around 0. The price of the Antmier s9 varies a lot. This is the most expensive miner on the market today because its superior mining abilities.
If you own a PSU of an old Bitcoin miner you might be able to use that as well. Seeing as most people will probably rush to buy the new Antminer s9 you may want to consider getting the older model Antminer s7 at a discounted price due to lower demand. My overall rating is a 3. These are great miners that can replace about 3 s7s.
However, the miner gets way too hot over the s7s. If you do want to use the s9s then they will have to be in a much better controlled environment which I will have to come up with if you want to keep these lasting longer.
wow BTC/month?? woow i read it was 1BTC per 3 months this makes 1 BTC every 6 and a half months. I'm evaluating to start a Mining Biz here in Chile but according to the new difficulty factor you can get BTC per month. With that and the high cost of electricity here kW i was estimating. I recently did the math for the different AntMiner S-series on my blog post Cryptocurrency, Bitcoin, & AntMiner Hash Rates. When mining on your own, it's just a lottery. You may or may not produce any coins. With a pool, however, you split the rew. 13 Oct 6 things you need to know before buying an Antminer s9. 1. The Antminer s9 the most powerful miner available on the market. The Antminer s9 has a hash 10 months is a long time in the Bitcoin universe and a lot can change – mining difficulty can rise, exchange rate will fluctuate and all of these make it.