#MiningPools

Mining 1 Bitcoin: Time, Cost, and Realistic Expectations
Cryptocurrency

Mining 1 Bitcoin: Time, Cost, and Realistic Expectations
By Andrej Kovacevic 26th Jun 2024
Mining 1 Bitcoin: Time, Cost, and Realistic Expectations
Cryptocurrency
Cryptocurrency

Mining 1 Bitcoin: Time, Cost, and Realistic Expectations

Hypothetically, mining 1 Bitcoin could take around 10 minutes. This is because a new block is added to the Bitcoin blockchain, releasing the associated block reward, approximately every 10 minutes. However, in reality, mining 1 Bitcoin in a reasonable timeframe requires a substantial investment in ASIC miners. Currently, the Bitcoin block reward stands at 3.25…

By Andrej Kovacevic 26th June 2024

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