How LONG Does It Take to MINE 1 BITCOIN?

In 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.

💰Use Checkout Code "HOBBYISTMINER" for a Discount

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝟏 𝐨𝐧 𝟏 𝐇𝐞𝐥𝐩 𝐟𝐫𝐨𝐦 𝐓𝐡𝐞 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫?
⛏ New to Crypto Mining, Need Hand Holding?
⛏ Not Sure What to Buy for your First Mining Rig?
⛏ Need Help Configuring your FIrst GPU Mining RIg?
⛏ Looking for Help Setting Up an ASIC Miner?
⛏ Need Help Launching your New Youtube Channel?

𝐌𝐲 𝐓𝐨𝐩 𝐆𝐏𝐔 𝐏𝐢𝐜𝐤𝐬 𝐟𝐨𝐫 𝐌𝐢𝐧𝐢𝐧𝐠 𝐢𝐧 𝟐𝟎𝟐𝟒:

𝐅𝐨𝐥𝐥𝐨𝐰 𝐓𝐡𝐞 𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭 𝐌𝐢𝐧𝐞𝐫 𝐨𝐧 𝐒𝐨𝐜𝐢𝐚𝐥:

𝐉𝐨𝐢𝐧 𝐓𝐡𝐞𝐇𝐨𝐛𝐛𝐲𝐢𝐬𝐭𝐌𝐢𝐧𝐞𝐫 𝐃𝐢𝐬𝐜𝐨𝐫𝐝 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐓𝐚𝐥𝐤 𝐀𝐋𝐋 𝐀𝐛𝐨𝐮𝐭 𝐌𝐢𝐧𝐢𝐧𝐠!

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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.

[PatHenvey]

I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[selfinance]

do the estimated rewards reduce each month ? How do you factor in the decrease to work out break even

[CantFindInYoutube]

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.

[dimi]

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.

[SuperHunteeYoutube]

"What is going on minors!" cracked me up

[t.d.]

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

[stevebeck]

So basically pay thousands of dollars on hardware to lose you money every do I sign !! Ps my electricity cost is 2.5 times the cost quoted so bitcoin mining is a complete waste of time for me

[christopherdaniel]

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...

[meweusallone]

Solar hydroelectric wind + batteries = efficiency

[vgorskd]

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

[LeonardCooperman]

I want to mine but it seems like a losing proposition

[fordybcoin]

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 .

[TheMiningKiiNG]

There is 3 variants models S19k 120th, S19k 115th, S19k 110th

[signsofsobriety]

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.

[bastianguttler]

When you are selling your miners, where do you plan to sell them?

[taketh]

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?

[billanderson]

think about the bags people making right now on mining

[inmate]

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

[Angel-eil]

Appreciate the detailed breakdown! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?

[boydwyatt]

I think I, ll buy high speed servers and stream adult content. The returns will be way better.