Tag: How long does it take to mine 1 block of Bitcoin

The average time for generating one Bitcoin is about 10 minutes , but this applies only to powerful machines. The speed of mining depends on the type of Bitcoin mining hardware you are using.

Despite several countries cracking down on crypto mining and countries like China even banning it, there was a rise in the revenue generated by Bitcoin miners by 206 per cent in 2021 , finds a report by Block Research and GSR, published in January 2022.