Tag: Mining calculator

Following are some of the best free Bitcoin mining software: EasyMiner : It is a GUI based free Bitcoin miner for Windows, Linux, and Android. EasyMiner auto configures your Bitcoin miners and is very transparent in terms of usage.

In general, it takes about 10 minutes to mine one bitcoin. However, this assumes an ideal hardware and software setup which few users can afford. A more reasonable estimate for most users who have large setups is 30 days to mine a single 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.

For an estimate, using a 2.50% commission, net mining revenue is 0.00068445 BTC. 0.000702 BTC is calculated by 68 (miner hashrate) ÷ 85,000,000 (network hashrate) × 144 (number of blocks per day) × 6.25 (block reward) . If BTC is priced at $50,000 USD, then this M20S has a daily revenue of about $34 USD.

With each bitcoin block taking 10 minutes to mine, 144 blocks are mined each day. This means that at the current rate following the latest bitcoin halving, 900 BTC is available in rewards every day. Currently, Foundry USA and F2Pool are the two largest mining pools.

Disclosure: Mining metrics are calculated based on a network hash rate of 6,886,835,218 GH/s and using a BTC – USD exchange rate of 1 BTC = $ 39,737.61 . These figures vary based on the total network hash rate and on the BTC to USD conversion rate. Block reward is fixed at 6.25 BTC .