How Many Bitcoin BTC Can You Mine Per Day
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When people start their adventure with Bitcoin, they often go through a small gold fever with the concept of mining (I would know, that's how I started;) ). Here is a small guide to answer your eternal question 'will I make money with it?' : First of all, lets talk about (click on the link for a long and useful list). You won't make money mining bitcoins unless you either have a really high-end GPU from ATI, an FPGA or an ASIC. That's the short answer. Having a decent CPU can be used for, which can be a small income in itself, but we are here to talk about Bitcoin. To see whether you will earn any money, you need to: • cost of your hardware (cost of buying an ASIC, GPUs, motherboards, power supplies, etc.) • how fast can it hash (mega hashes per second). Is Asch XAS Mining Still Profitable 2018.
This you can get from your • how much power does it consume (again, ) • your cost of electricity (check with your power company) And then there are two magical variables that will either make it all work out, or be doomed for failure: * difficulty - it is automatically filled in by the calculator, but for long-term mining (more than a few weeks), you want to be a pessimist. Multiply the value by 10 for predictions over a few months or 100 for a year or two (it will rise steeply soon) * bitcoin price - also filled by the calculator - it might go up or down in the future, affecting your bottom line. It will probably increase in the long run, but lets be pessimistic and lower that to $10-$20 to make sure we are earning money no matter what Having all your hard data and your guesses on the last two variables, you put it all into the and see what you get. You will get your earnings in BTC and dollars, as well as summary of your costs and when you will brake even, and what will your net income be over your investment period.
Most likely you won't be earning money with Bitcoin mining, and that's okay - mining has become a very specialised process. If you want to invest money into new ASICs, you might be able to turn a tidy profit. TLDR: Use to check everything. ASICs may earn you money, GPUs won't anymore. Even the mining calculators will fool people who are very new. The difficulty is about to skyrocket, meaning GPU/FPGA hw purchased now will never break even (vs a direct BTC investment, at least.) There is a significant barrier to entry with ASICs - only 1 company is accepting orders and they're almost 5 months behind their delivery schedule, and continue to delay it.
There is no guarantee they will ever have a working product, being so far behind certainly makes ordering a risk. Bottom line is that trying to get into mining is a losing proposition for newbies. OTOH, if you decide to make a sizable direct investment, buying an ASICs machine is a good way to further secure that investment, by distributing the network power and making it more secure. However, since you can currently only 'pre-order' them, that's not yet a safe option.best to wait until these companies are actually delivering. Correct, it's possible.
Jan 16, 2013 How much MHash does it take to mine 1 BTC. So about 7 GH/s would net you about 1 BTC per day. How about bitcoin foriegn mining? Can it be less.
It's profitable, however, in the same way that buying lottery tickets or playing slots is profitable. There's the chance for a big payoff with low investment, but it's much more likely that you'll receive nothing at all. I'm still brand new too, so I might be misunderstanding something as well, but when people talk about earning 0.08 BTC a day or whatever, they're part of a mining pool that combines the efforts of a bunch of different people and pays out to members based on their contributions. Lower max, but much more consistent. Can you explain why the hardware will degrade faster if it is continuously mining?
I ask because I've recently begun to look into Bitcoin mining with my current gaming comp, and I don't see how my 7850 could be degrading faster. It's currently overclocked, mining whenever I am not playing games, reaching ~305MHash/s. It only reaches temperatures of 54C, and my PSU is more than enough for my rig. Under these circumstances, I'm certain the only way it could degrade would be from continuous use. However, I don't know why it would even degrade from this, so an explanation would be fantastic. TIL about silicon degradation: Electrons in one transistor are not supposed to be able to reach other transistors in normal circumstances, but according to the principle of quantum tunnelling, an electron can actually escape from an infinitely deep energy well; it just does not happen that often.
A transistor is made up of positively and negatively doped silicon around un-doped silicon. Every now and again, through chance alone, an electron can tunnel away from the conductive silicon keeping it in place. Usually it will only burrow in a couple of atoms and then return, though sometimes it can travel into another adjacent transistor. This does not normally cause a problem, because you need a lot of stray electrons to cause an error in how the gate is read. The problems start to occur when an electron attaches itself to one of the silicon atoms in the un-doped section of the silicon, or knocks another electron out of its orbit.
This is known as silicon degradation, and over time, usually measured in years, a path is formed by the damage caused by these tunnelling electrons between two gates. Electrons can then flow across the junction freely, causing it to malfunction, and the value be misread by the computer, resulting in an error. The more energy an electron has, the more likely it is to tunnel, which is why if your CPU is running hot, or has a considerably higher voltage going through it, electrons can tunnel through far more easily.
All CPU’s are built so that there is an inbuilt resistance to quantum tunnelling for an extended period of time, but when you overclock your CPU, that period is reduced. If you overclock or over-volt the chip too much, you can actually physically destroy the silicon lattice of gates within a processor.