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[Dagov]

Can I mine one bitcoin every day?
In the beginning, mining bitcoins was simple thanks to desktop PCs. But now that it has its own equipment, the power usage has skyrocketed. It is difficult these days to find a place that is cost-effective for the installation of one of these machines.

It will be incredibly challenging to mine any more bitcoins once the current generation of ASIC bitcoin mining devices gets outdated.

 

[Margery]

Why is it impossible? Maybe! It is only necessary that you have enough ASICs for this, a normal and not expensive connection to the power line and that's it. Get yourself please. You can still connect to some realties pool.

 

[btaliat]

You can earn one bitcoin per day. Only in this case, it will be necessary to make a large initial investment, which is not known when it will pay off. At this stage of the cost of bitcoin, in order to have the opportunity to own it, it is easier to buy it on the exchange.

That's just it. It will be easier to buy a Bitcoin than mining it per day. The money and the stress that will be involved while mining the coin will much higher than what it will take us if we decide that we want to buy the coin.

 

[Margery]

Yes. Now the threshold for entering bitcoin mining is quite high. If I'm not mistaken, then one normal ASIC for bitcoin mining costs about $15K. So really, if there is a desire to have bitcoin, then it is easier to buy it.

 

[btaliat]

Can I mine one bitcoin every day?
In the beginning, mining bitcoins was simple thanks to desktop PCs. But now that it has its own equipment, the power usage has skyrocketed. It is difficult these days to find a place that is cost-effective for the installation of one of these machines.

It will be incredibly challenging to mine any more bitcoins once the current generation of ASIC bitcoin mining devices gets outdated.

There was a time when there were different browsers that aim at making sure that people mine Bitcoin at ease, though, at a small pace. Later on, they need to make sure the browser only works well after subscription.

 

[Margery]

There was a time when there were different browsers that aim at making sure that people mine Bitcoin at ease, though, at a small pace. Later on, they need to make sure the browser only works well after subscription.

The browser for earning bitcoins has always used the resources of your equipment, although the miner program was not installed on the computer. The browser has an integrated script miner, which, when opened, started to mine, and interestingly, it is not always in your favor.
To check this, it was enough to open the "Task Manager" and see how many resources this browser consumes in comparison with the rest.

 

[btaliat]

If Bitcoin is easily mined, I am sure that many people would have had Bitcoin in their wallets. I guess the developers really make the process of mining Bitcoin to make it scarce to get.

 

[Japhnet]

Mining Bitcoin 7 years ago was like a piece of cake. There was no much traffic in the competitive space of bitcoin mining. It would require an overwhelmingly large collection of hardware and processing power to be able to mine 1 bitcoin per day.

 

[Kennysplash]

If it is possible to earn that amount of Bitcoin on a daily basis I think everyone would have it by now and there would be nothing special about it anymore. The price will plummet greatly as well, but it is not possible.

 

[Yugocean]

It is not impossible, but very difficult. For this, you may not be able to do personal mining, because nowadays there are companies established to do mining; they cannot make 1 BTC in a day, even with heavy machines.

 

[Player1]

I believe it is possible to mine Bitcoin on a daily basis, but it mainly depends on what you are mining it with. From what have heard, to mine Bitcoin is pretty costly, cause you would need to buy the hardwares needed for it.

 

[Margery]

The speed of bitcoin mining directly depends on the complexity of the network and the equipment you have. The higher the hash rate of your equipment, the more bitcoins you can mine in a certain period of time.
The complexity of the network depends entirely on the number of working devices, the more there are, the higher the complexity.

 

[btaliat]

Mining Bitcoin 7 years ago was like a piece of cake. There was no much traffic in the competitive space of bitcoin mining. It would require an overwhelmingly large collection of hardware and processing power to be able to mine 1 bitcoin per day.

That's true. Those that are early in the mining process has really made a fortune from the process. These days, the same thing cannot be said about mining of Bitcoin as the process has really become so tough.

 

[Margery]

Indeed, bitcoin mining at this time is a rather complicated thing. You need expensive equipment that will consume a large amount of electricity. Not everyone can afford this. To extract bitcoins, in order to get at least a part of it, miners sometimes join mining pools.

 

[Japhnet]

Indeed, bitcoin mining at this time is a rather complicated thing. You need expensive equipment that will consume a large amount of electricity. Not everyone can afford this. To extract bitcoins, in order to get at least a part of it, miners sometimes join mining pools.

Yeah mining pools are a great way to mine because the collective processing power can solve more complex calculation per second, thus making the mined bitcoin rewards more available.

 

[Margery]

Yeah mining pools are a great way to mine because the collective processing power can solve more complex calculation per second, thus making the mined bitcoin rewards more available.

In mining pools, you can really get some bitcoin, but there, too, the size of the reward depends on the amount of your subtractive power. Either way, your power plays a key role. Just in the pool you will get it faster than mining solo.

 

[Wisdom01]

There are actually mining rigs , mining pools and others some people usually join and launch and they actually do this to earn cryptocurrency , they mine lot of coins and at the end earn something

 

[Riberet19]

In mining pools, you can really get some bitcoin, but there, too, the size of the reward depends on the amount of your subtractive power. Either way, your power plays a key role. Just in the pool you will get it faster than mining solo.

Yes, in the end everything is based on the hashrate you can contribute, either alone or in a pool, as you say the latter may be a better option if your hashrate is not so big, right? that's why they're so popular with small miners.

 

[Margery]

Yes, in the end everything is based on the hashrate you can contribute, either alone or in a pool, as you say the latter may be a better option if your hashrate is not so big, right? that's why they're so popular with small miners.

Yes. And on the pool, you just get a reward faster, some part of bitcoin. If you are mining solo, you will be rewarded when you find/sign a block. And in the pool, the entire hashrate of the miners is combined and the block is found/signed faster. Due to the great complexity of the bitcoin network, it is simply not possible for a simple miner to find a block alone.

 

[Riberet19]

Yes. And on the pool, you just get a reward faster, some part of bitcoin. If you are mining solo, you will be rewarded when you find/sign a block. And in the pool, the entire hashrate of the miners is combined and the block is found/signed faster. Due to the great complexity of the bitcoin network, it is simply not possible for a simple miner to find a block alone.

I understand, so if you mine alone it doesn't make much sense if you don't have enough hashrate, because you can go a long time without signing a single block, right? It would be better to join a pool and all together sign the block and share the reward.

 

[Margery]

I understand, so if you mine alone it doesn't make much sense if you don't have enough hashrate, because you can go a long time without signing a single block, right? It would be better to join a pool and all together sign the block and share the reward.

Yes, that's exactly what happens! Now there are few old coins that can be soloed because they have a high network difficulty. Now the market is starting to rise and more and more people are entering mining, which means that the complexity of calculations is constantly growing. By the way, the mining power of bitcoin has exceeded 400 exahashes per second (Eh/s).
This is a historical figure, it's just not real numbers. Here's how to mine in solo?