hard it is to mine bitcoins at any given moment considering the amount of mining bitcoin vs litecoin power currently active in the system. I try not to talk as much as I did before this point. The higher their relative power, the more solutions (and hence, block rewards) a miner is likely to find. Today, asic miners are the current mining standard. Geforce GTX MH/s using 200 watts, radeon Rx MH/s using 125 watts. How is an Ethereum Mining Rig Different From a Normal Computer?
A Guide to Building Your Own Crypto Mining Rig - Bitcoin News Bitcoin mining hardware: PC build guide for a cryptocurrency rig
Basically, youll make a more consistent amount of Bitcoins and will be more likely to receive a return on your investment. Satoshi Nakomotos invention of Bitcoin, a peer-to-peer electronic cash system, opened up an entirely new frontier, not just of freedom but of occasionally outrageous profits. As for CPU, you just want something basic such as the Celerons. How frequently does the pool find a block (i.e., how frequently do I get rewarded)? To determine your own power cost, check worldwide electricity prices or your utility bill for the exact price. This happened in early 2016: Its quite possible that even some big, corporate miners found their profit margins under threat from the resulting steep spike in competition. Those with a strong interest in such things, namely cypherpunks, cryptographers, technically-minded libertarians and assorted hackers, were first to stake their claim. Using your CPU (central processing unityour computers brain and an integrated component in any computer) was enough for mining Bitcoin back in 2009, since mining difficulty was low. The bitcoin miining calculator Bitmain AntMiner S9 is a modern mining rig which offers a good hashrate for its power consumption.
The result: Its not looking so great now. This number was initially set to 50, halved to 25 in late-2012, and halved again.5 in mid-2016. If you dont have a few thousand dollars to spare on the right miner, and if you dont have access to cheap electricity, mining Bitcoin might not be for you. Scenario 2: An American Hobby Miner Before getting too excited about your potential mining profits, lets recalculate them using the average residential Power cost per kWh in the USA (12.5c) and a typical pool fee.