Antminer s9 time to mine one bitcoin

if you consider one AntMiner s9 with hash rate it will mine bitcoin per year at this rate it will take roughly minimum 27 to unknown years if block.
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The first bitcoin block, known as the "genesis block," yielded 50 bitcoin. But after every , blocks are mined about every four years , the reward is cut in half. The first halving occurred on Nov. The second was on July 9, And the third was on May 11, Today, each block yields just 6.

The maximum bitcoin supply that can ever be mined is 21 million. This means that half of the total potential supply was generated within the first four years after bitcoin's launch. And This table shows the pattern well. The effect of these halvings on supply may surprise you.

Cost to Mine 1 BTC Example

By , Just 40 bitcoin will be mined in the four years starting in And before the century ends, less than one bitcoin will be mined per year. Eventually, the last bitcoin will be mined in So although bitcoin is near a record high price, and the computing power being used to mine bitcoin is also at a record high, bitcoin supply is increasing at its slowest rate in history for two reasons:. To be more successful, miners join what are called pools, where they combine their computing power and then split the prize from successfully mined blocks. Older models like the Antminer S9, which has a hash rate of just This hash rate was more than acceptable when bitcoin mining took less computing power and each block yielded 50 bitcoin.

And it's been profitable recently. But it could be a money-losing endeavor if computing power floods the market and the difficulty increases at a faster pace than bitcoin's price. This has happened several times before, when bitcoin's price crashes or the difficulty level rises to the point where once profitable rigs become unprofitable. In the oil industry , new wells won't be drilled if the breakeven price per well is too close to the current price of oil. Bitcoin is similar. New rigs won't be bought and miners won't mine if the breakeven is too close to the current price.

7 Reasons Bitcoin Mining is Profitable and Worth It ()

And if the network is flooded with computing power and the difficulty goes up, you could be out of luck entirely. The common theme behind all commodities is that they have tangible use in everyday life. Therefore, prices spike if production goes down. Electricity prices go up during a power outage. Water prices go up if a water main bursts.

These tangible effects can also offer opportunity. But new technologies like horizontal drilling and hydraulic fracturing unlocked previously unprofitable reserves. Unlike oil, bitcoin isn't tangible and doesn't have practical use in the physical world. It has a limited supply. And the bitcoin protocol ensures that new bitcoins are produced at a consistent though dwindling rate independent of computing power.

In this way, bitcoin's relationship with supply, production, and price is completely different from traditional commodities.

Bitcoin Mining Guide with Bitmain Antminer S9

That makes sense, because it was, after all, originally intended to be something else -- currency. The power of halving is truly incredible, considering that by the annual bitcoin supply will be increasing by hundreds, not millions, per year. Once that additional supply becomes negligible, we could see bitcoin's price volatility go way down.


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And only then, perhaps, will bitcoin stop reminding us of commodities and investments and truly become what it was intended to be. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Planning for Retirement. Retired: What Now? If yes, please take photos and contact customer service of miner producer;. Miner inspection. Please take miner out from package and then check whether there's deformation or damage in miner, fan, cable, fan cable etc. Heat sink inspection. Inspect from both the front and back fans to check whether heat sink is disconnected.

Note: as computing boards are put in card slot chassis, you may hear some sounds by shaking the miner, which is a normal phenomenon. And don't worry about it. Note: there's no difference in using which cable to connect with which interface. Just keep in mind to plug it in with right direction, namely the direction of buckle. If errorly operated, hash board may encounter short circuit and damage. After plotted those cables, you need to double check if the cable is loose or not fully inserted. After pluging those cables, you need to double check if the cable is loose or not fully inserted.

Fan connection. Check whether the plug of fan cable has been fully or tightly connected. Each fan is connected to control board with one plug. After the miner is fully equipped and set up, the first thing you need to do is locate miner IP. After getting miner IP, you can start to configure the miner. Use a computer that is connected to the same router as the miner, and type the IP address of the miner in the computer browser address bar and press "enter" to continue.

Worker: worker is a combination of the sub-account you've registered in Poolin. You need to enter sub-account here, but not the wallet address you use to collect payment.

What Do YOU Need to MINE ONE BITCOIN In 2020?!

You shall log into Poolin. You can go to Miner Status page to check details and performance. The number will be cleared to 0 after rebooting;. This hashrate differs from the real time hashrate in pool as real time hashrate in pool is a hashrate data of last 15 minutes;.

This hashrate differs from pool 24H hashrate because of different statistical range;.

Usually the value shall be less than 1 minute;. Higher temperature may result in reboot or system failure;. There are cases that customers mistakenly set wrong mining url or sub-account, which resulted in mining profit losses. Your mining profit will be paid to the withdrawal address you set in pool. Please ensure the miner will not be disconnected from power supply and network during this process.

After press enter button, you will get the network speed performance data. We can use a computer to log into a miner only when the miner and the computer are under the same network IP range. If not, we need to change the miner's IP to one we need. Cut the power supply of the miner and then re-connect with power supply.