How long does it take to earn 1 Bitcoin?

Question

I have a keen interest in investing in cryptocurrencies, and that in Bitcoin. I know people who have gained a lot after their investments. I just wish to know, how long it might take to earn one bitcoin? Is the process lengthy? How long will I have to wait for a Bitcoin?

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cryptic 3 months 1 Answer 45 views 0

Answer ( 1 )

  1. “Determining the exact time it takes to successfully mine 1 Bitcoin is very difficult since this value depends on the computing power of the equipment and the amount of competition at any single moment. On average, the time it takes for all the miner’s computational power in the world to obtain 1 BTC is 10 minutes, a figure which comes as a result of increasingly powerful machines as well as an increase in the number of mining pools.

    However, it’s highly unlikely one has excess to a fraction of that computational power, so to provide you with estimates we’ve taken the following scenarios.

    Moreover, the time it takes to mine 1 Bitcoin varies on

    The type of device ASIC, GPU or CPU
    The model and its Hashrate
    The number of devices you’ll own
    Your pool (if any)”

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