How much does it cost to mine 1 Bitcoin

How much does it cost to mine 1 Bitcoin
How much does it cost to mine 1 Bitcoin

In this article, we have written How much does it cost to mine 1 Bitcoin.

How much does it cost to mine 1 Bitcoin?

The cost to mine 1 bitcoin is 8206.64$. it means it is still profitable,” one miner said. In view of the cost to mine Bitcoin for both big mining centers and people miners could variety between $5,000 and $8,500, miners do have more incentive to sell and cover operational costs as opposed to putting on onto the Bitcoin they mine.

How long does it take to mine 1 Bitcoin?

Deciding the exact time it requires to successfully mine 1 Bitcoin depends on plenty of things such as computing power, the sort of equipment used d, and the competition. But in the best-case scenario, with the perfect computational power and equipment, it will take around 10 minutes to process 1 Bitcoin.

See also: What will Bitcoins be worth in 2025

How many Bitcoins can you mine a day?

144 blocks each day,  are mined on average, and there’re  6.25 bitcoins each block. 144 x 6.25 is 900, so that is the average quantity of new bitcoins mined daily.

How much does it cost to mine 1 Bitcoin

Can you mine Bitcoin for free?

Few individuals are aware that free bitcoin is there for the taking. Actually, you can find four terrific methods to earn bitcoins free of charge online. You could join open an interest-bearing bitcoin account, become an affiliate marketer, purchase reward programs, and also get paid to mine BTC without the specialized hardware.

Can you still mine Bitcoin in 2020?

Bitcoin mining is a good method to earn cryptocurrency while offering a valuable service to the global network of users. Miners could put up a hardware operation independently or join forces with a big venture through cloud mining.

Can I mine Bitcoin on my phone?

You can just do cryptocurrency mobile mining with smartphones that use Android, as it is the only mining-friendly operating-system for mobile devices. Besides the market is flooded with apps produced for Android that enable you to mine Bitcoin straight from your smartphone. So, iOS owners cannot do any mobile mining. is a platform that offers an easy solution to perform to buy, sell giftcards, and cryptocurrencies. is one of Nigerian’s top Crypto exchange platform, the number 1 Guide to Digital Exchanges in Nigeria. My BTC Nigeria helps guide people through the exchange process. They give you the best exchange rate; this platform provides you with the simplest solution to cryptocurrency and gift card exchange. Visit now for a splendid exchange rate.

Thanks for reading this article.

Your Comment:

Related Posts


Mybtcnigeria Ambassadors, News, Updates

How To Create A Culture Of Excellent Service Delivery

For too many of us, service is just something that we do. It’s not. It’s core to our brand identity and way of doing business. It’s essential to our survival yet it rarely receives the recognition it deserves. Service. The most basic of actions. But sometimes, the most simple of actions are the hardest to perform, and this is no exception. In fact, it can be harder to provide a service than one would think. So why is so important to Create A Culture Of Excellent Service Delivery?



Crypto, Crypto tips, Finance Services, News, Updates

1st eCurrency in Nigeria: Everything You Need To Know About The eNaira

The e-Naira will be a digital version of the paper Naira currency