Here ... what you need to extract one bitcoin in 2020

80 days left for Bitcoin mining bonus split.

Accordingly, there will be an intensification of the use of resources to create one new currency, and the consumption challenge will be face to face with what is extracted after the bonus is divided from 12.5 to 6.25 bitcoins per block.

What you need to extract one bitcoin in 2020:

The “S17 ANTMINER” device by which one full bitcoin can be generated annually through mining but not guaranteed, and an accurate estimate cannot be provided.

Dissolving a new block in the Bitcoin blockchain is not only a matter of math, but also a matter of luck!

This means that setting up sufficient fragmentation power to remove and solve a single Bitcoin algorithm problem may not be sufficient.

Scenarios should include market prices, electricity costs, and competition from other miners.

The usual approach in 2020 is to secure participation in a mining group.

Single mining, although more profitable, can be a betting game in which the individual retail force competes against larger groups.

However, joining a group may increase your chances of sharing the block reward.

A recent case study on the latest "ASIC" of "Antminer S17" showed that mining one bitcoin annually is possible using consumer electronics.

There is one caveat: taking setup and electricity costs into consideration means that extracting one bitcoin at home in 2020 will cost around the value of bitcoin at current prices.

The “Antminer S17” is sold for around $ 2,000, which is a relatively lower price compared to the previous model that rose to $ 4000 or more during times of increased demand.

Two of these machines can easily mining 1 bitcoin within a year, given the current difficulty.

Mining farms, which consume 5 cents of electricity per kilowatt, are still able to profitably profit, especially in the days before the half.

While mining currently at 5 cents is profitable, after half, large farms will have to pay nearly 1 bitcoin to discover a new cost.

When calculating a single Bitcoin extract, the potential price fluctuations in different tie scenarios must also be considered.

If bitcoin rises to $ 50,000, then there is no problem of parity between consumption and what was mined.

But any volatility in prices can lead to immediate losses.

Thus, the production of one bitcoin through an amateur ASIC will have the same effect as purchasing one bitcoin.

Currently, Bitcoin hash is approximately 97 quintillion hashes per second.

Mining is very active and competitive.

Most of the basic rewards go to the four largest mining farms in China: Poolin, F2Pool, Antpool and BTC.com.

These complexes hold almost 60% of the basic rewards, while ensuring relatively low electricity prices.

Mining difficulty has also grown significantly in the past year, which makes it more expensive and challenging to create one bitcoin.