How LONG Does It Take to MINE 1 BITCOIN?
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Күн бұрынIn today's video let's discuss exactly HOW LONG DOES IT TAKE TO MINE 1 BITCOIN!? In this video we will be reviewing the Estimated Monthly Rewards of the Bitmain Antminer S19K Pro and the Bitrmain Antminer S21. In 2024, the landscape of cryptocurrency mining has evolved, yet the question remains: How long does it take to mine 1 Bitcoin? With the advent of advanced GPUs and specialized mining rigs, enthusiasts can now earn Bitcoin from the comfort of their home. Whether it's using a powerful gaming PC or a dedicated mining setup, the process of mining Bitcoin with a PC has become more accessible. The integration of GPU and CPU mining has allowed for a more efficient use of personal computing resources, making it a viable option for generating passive income with Bitcoin. However, factors such as the Bitcoin halving event, which affects the reward for mining, and the increasing complexity of the blockchain, continue to influence the time it takes to mine a single Bitcoin. As a result, while the opportunity to make money at home with crypto remains attractive, the exact duration to mine one Bitcoin can vary greatly depending on the hardware used, the cost of electricity, and the overall network difficulty. Despite these variables, the pursuit of mining Bitcoin-whether on a laptop or a high-end GPU setup-remains a popular method for individuals looking to engage with cryptocurrency and potentially earn rewards over time.
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#bitcoin #crypto #cryptomining
📺Video Content and Chapters:
00:00 How Long Does It Take to Mine 1 Bitcoin?
01:30 Be Careful When Buying Crypto Mining Hardware
00:50 How Long Would it Take with a Bitmain Antminer S19K Pro?
07:25 How Long Would it Take with a Bitmain Antminer S21?
10:20 Should you Buy a Bitcoin Miner Right Now?
10:50 Is it Better to Just Buy Bitcoin?
11:25 Altcoin Mining Right Now is Crazy Profitable!
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫- I am not an "Expert", I am learning along the way, just like you! Please do your own research, come to your own conclusions & make your own mistakes! I am NOT a Financial Advisor, please always take guidance from Professionals. Everything on this channel is for Fun as a Hobby and Entertainment for you, the viewer.
@fordybcoin 2 ай бұрын
I watched your video on antminer S9 the other day that was a really interesting video .just waiting for them to arrive and i'm going to put braiins firmware on them after i strip them down and deep clean them both .
@CantFindInYoutube 2 ай бұрын
That 1 BTC at $0.1 kW/h will cost 56K + 4K (miner) = 60K to mine. And you didn't account the usual 4% fee and that if you had only 1 miner for the standard payment of 0,005 BTC you will get paid every 33 days. To be more realistic, the life of the miner is 4 years so that machine in it's life will mine 0,22 BTC and that will cost 16.4K so at today price buy the coin will save $900. Now I'm depressed.
@atmoz_ Ай бұрын
even if it would (out) last the 4 year. Most likely the next halving will be 2028 ;)
@xAndrzej42 Ай бұрын
Thank you for posting this. I hate those shit 10mins vid with no proper info
@GothmogLives_G40 Ай бұрын
315 month... 26 years. I'll be long dead
@justinlex2473 26 күн бұрын
lol
@selfinance206 Ай бұрын
do the estimated rewards reduce each month ? How do you factor in the decrease to work out break even
@t.d.5804 2 ай бұрын
Got a S19k pro running on Braiins OS, much for flexible, can run it 500-5000W. I only use excess PV power (grid electricity here is 36€cents in the EU, so no go). But with PV power I get 8-9cents reward for each kWh. Same or better than feeding/selling into the grid (which I cannot). Upcoming S21 pro gets 15€cents/kWh, much better, Mining is not overwhelming, but a good solution to use excess PV if you cannot feed into the grid. Greetings from 53°N. All you people living far more south could zero your electricity costs 24/7/365 by putting PV on the roof
@traviskelly7082 2 ай бұрын
pv?
@t.d.5804 2 ай бұрын
@@traviskelly7082 Photovoltaic (solar panels)
@Aiko_4i 19 күн бұрын
Great video
@signsofsobriety9624 2 ай бұрын
Hey bud.. I updated the firmware on my 2 S19 k pros and the hashrate didn’t change. Is there something else I need to do? Plus I just wanted to say thanks for your vids. I’m 52 and I’ve learned a lot from you.
@dimi6988 Ай бұрын
I did a little simple math based on your video. Let say today BTC - 71.000,oo$. If you have free electricity (Solar panels), it is cheaper/better to buy 2xAntminer S19K Pro than one Antminer S21. S19K PRO in BTC make 0.003168(224x2=448$), S21 in BTC make 0.004547(322$). Buying 2xS19=2,980,000$, and S21 costs 3,920,000,000$. Many could afford a 10kWh solar system. With S19K PRO buy/earn/power is with Solar better. Think people about that solution - free electricity. Today, you can buy used Solar equipment and after 10 years solar panels are working at 80% capacity and the system can be purchased at half price.
@CantFindInYoutube Ай бұрын
Your math is wrong. I have a BTC miner on solar and during summer peak only produces power for 8 hours the remain 16 h are on grid. Also if you want to mine go for efficency.
@dimi6988 17 күн бұрын
@@CantFindInKZfaq That's right where you live. Where I am, I have 16 hours of "active sun". Serbia, in Germany more.
@user-vg8or2sk6d 2 ай бұрын
I looked into mining several times but it appears equipment becomes useless before you can reach ROI or shortly thereafter making it a moot point
@bobbobek2098 16 күн бұрын
Exactly the equipment becomes so quickly obsolete that there is no point it would have to be 1/4 of a price
@stevebeck9470 2 ай бұрын
So basically pay thousands of dollars on hardware to lose you money every day........where do I sign up.......NOT !! Ps my electricity cost is 2.5 times the cost quoted so bitcoin mining is a complete waste of time for me
@thepalm2791 26 күн бұрын
No it's not. You can start to think a bit on how to solve your electricity "problem". For start talk to your supplier abaut changing your electricity plan (because your consumption will grow) or change your type of consumer in your plan/contract. That's what I am doing but in my country electricity is way cheaper I guess.
@TheMiningKiiNG 2 ай бұрын
There is 3 variants models S19k 120th, S19k 115th, S19k 110th
@rogerbruce2896 Ай бұрын
do you have a video on best alt coins to mine?
@take5th 2 ай бұрын
So, in those almost 30 years how many miners would you have to buy? How much would the technology improve and make your miner useless/worthless? No easy ways to make a lot of money by working….just investing. My electric is $0.06/kwh, claimed, but for how long?
@janeznovak2408 2 ай бұрын
Normally in EU electic is 012 Eur or more (0,13$),..Even if you have own solar capacity it is not worth,...better doing DCA investment
@christopherdaniel9473 Ай бұрын
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of play out with the stocks they discussed therein...
@ericzhou-k6l Ай бұрын
If you need to buy mining machines, you can contact me, I have a large number of mining machines.
@Bernard_Ashtree 2 ай бұрын
How many Teslas Are needed for one bitcoin Per year?
@inmate0054 2 ай бұрын
The cost of the miner would get you more than 0.003 btc instantly. I just don’t see how a miner is profitable. Or better than just buying btc
@mikeholley4488 Ай бұрын
Ever wonder if your local power plants mine with no electric bill? Any power cost would be paid by customers! This is possibly why mining is losing so much profit. Just a thought
@bastianguttler6141 2 ай бұрын
When you are selling your miners, where do you plan to sell them?
@janeznovak2408 2 ай бұрын
And who are those IDIOTS to buy 2 years (4 years life exp. for miner) tortured miner and give you 2K $ for it???
@LeonardCooperman 2 ай бұрын
I want to mine but it seems like a losing proposition
@janeznovak2408 2 ай бұрын
Forget,..do you insteed DCA investment,...you will sleep well, your nervs will thank you,..and what is better your gains will be grather
@billanderson9958 Ай бұрын
think about the bags people making right now on mining
@alainfernandez778 2 ай бұрын
And how much is the profit of a S19K pro per day? I was planning to buy 3 of them.
@spooky6420 2 ай бұрын
Google is your friend (:
@CantFindInYoutube Ай бұрын
Buy the coin! If your electricity is 10 cents you will lose $0.50 a day per miner.
@travistodd5065 2 ай бұрын
Doesn't the hash rate slow down after every halving? I'm not sure 🤷🏾♂️
@janeznovak2408 2 ай бұрын
yes and no,..always is consolidation times becouse some miners need to recalculate their invesment,..many decide to close all temporarly.
@jacksson9391 2 ай бұрын
I went the other way, 315 months means over 26 years to mine 1 bitcoin.
@covertzebra Ай бұрын
there is no given time. you could realistically mine one bitcoin in ten seconds after joining a pool or start mining its whatever device completes the block is who mines it. Statistically the more hash power in the pool the odds are better.
@arronpowell1292 Ай бұрын
I don’t know a thing about mining but I was thinking about building a small operation out of pocket on my land and powering it with solar
@ericzhou-k6l Ай бұрын
If you need to buy mining machines, you can contact me, I have a large number of mining machines.
@GhayratJinglemining 14 күн бұрын
Interesting
@silverpc4611 2 ай бұрын
Why not just use a mini pc or usb miners to mine bitcoin? Since mining bitcoin is in part about luck. Luck wise its a cheaper investment.
@janeznovak2408 2 ай бұрын
It will not work,..They are not profitable anymore,...
@jorjeleano 4 күн бұрын
nice
@bobbobek2098 16 күн бұрын
Even if you have free electricity still not worth it and soon you gonna lose double to mine 1btc , it's only good idea if you bet that Bitcoin in the future will go up significantly but as well you can just buy it instead of investing in equipment
@jimmytimber7074 Ай бұрын
Ill just work ot and buy it
@traviskelly7082 2 ай бұрын
18.5 years to mine 1 Bitcoin wth wow SOOOOO at this rate you would need 19 of these machines to mine 1 bitcoin in 1 year if I did my math right and this leaves room for a maxim of downtime of 2 weeks for repairs. crazy
@janeznovak2408 2 ай бұрын
And HOPE all machine works perfectlly all this time (maintenance, air conditioning,...).
@kenanahmed 16 күн бұрын
Hello guys cant you tell me best machine to mine i don’t have any cost for electricity
@bobbobek2098 16 күн бұрын
I bet you live in England and steal electricity
@LiveFree-ij3hn 2 ай бұрын
Man those are depressing numbers.
@TheHobbyistMiner 2 ай бұрын
Sorry! Thankfully as I mentioned, the price of Bitcoin Mining Rewards won't stay like this forever. But theoretically, if it did....
@LiveFree-ij3hn 2 ай бұрын
@@TheHobbyistMiner Don't be sorry, it is reality. For myself I think new miners look up to channels like yours and thinking man if I only had.....but showing the real side of these higher end miners, it isn't always roses so appreciate the openness.
@Hansen710 2 ай бұрын
fun fact i run my s21 on solar i make the same on a few hours as people do on 24 hours on the grid
@ryanshea6141 2 ай бұрын
Can you elaborate ? I dont understand how changing the power source = more profit. You csm overclock an s21 sure but at 4500 watts youre only making 230-240 ths. Based on what you said you would need to be making 1600 ths (8x) what a normal s21 makes. Even if it was water cooled yiu still couldnt make 1800 ths in a single s21. I have two s21 running overclocked and they realistically only make .00031-.00033 btc per day ($20-$22)
@janeznovak2408 2 ай бұрын
No , you dont,..and dont misslead people,..even with your own electricity IT IS NOT profitable,..
@hooni-mining 2 ай бұрын
hi
@TheHobbyistMiner 2 ай бұрын
Morning
@GrippingLipsFishing Ай бұрын
Nope. Eff that
@fordybcoin 2 ай бұрын
Bloody ages lol
@TheHobbyistMiner 2 ай бұрын
Well said
@user-vy4wb4vb9l 20 күн бұрын
“What’s goi g on minors” 💀💀😘
@tonyromano8337 Ай бұрын
”Whats going on minors” 🧐🤨🚩
@bineshkapali Ай бұрын
30 years for 1 BTC🤣🤣im dead. I rather buy the BTC which accounts for buying That GPU instead.
@LFMFanOpex 2 ай бұрын
Imagine bitcoin jumping up to 100K
@TheHobbyistMiner 2 ай бұрын
I'm ready!
@janeznovak2408 2 ай бұрын
you say right,..IMAGINE,..but you can not live of IMAGINATION
@LFMFanOpex 2 ай бұрын
@@janeznovak2408 dude you slovene?
@janeznovak2408 2 ай бұрын
@@LFMFanOpex And you are from?
@LFMFanOpex 2 ай бұрын
@@janeznovak2408 slovenia
@stephanebio6664 Ай бұрын
it s not make sens to buy those kind of miner because they are not profitable bro ,,,now everybody mines kaspa this is the future...or you need many year to mine btc if your are free of electricity charge other way need 100 years
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