How long does it take to mine 1 bitcoin ?

The time it takes to mine 1 bitcoin depends on The hashrate (speed of your mining hardware).

The most performance machine these days is Antminer S19 100TH Or any other brand with 100TH hashing rates.

To calculate right, you have to focus only on hashrate, don’t consider any other factors like electricity rate or bitcoin price.

100TH hashrate produces 0.00042 of bitcoin daily. So we can calculate 360 days of reward = 360 x 0.00042 = 0.15 BTC per year. and if we consider only a 5% increase in difficulty per year ( This is the average difficulty rate ) we will get about 0.142 BTC yearly. Yes, it’s about 7 years to mine 1 BTC using Only 1 Machine 100TH speed. Now you can calculate How 7 miners can do in Only 1 year.

Let’s talk about business and profits.

One machine 100TH cost now about 2000$, 7 Machines cost 14000$ + 14000$ Hosting fees or Electricity fees = 28,000$ Total spent to get 1 BTC after 1 Year.

The question is ” How long will an Antminer S19 last? ” It’s run 24/7 for 3 years.

You have to sell your mining reward only in the bull market when BTC price reaches again 60-70k$ .

Happy Mining For All.

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