Mining rig for cryptocurrency., no people.
A friend of mine recently asked, “What do I need to mine 10 Bitcoin a day?” It’s an intriguing question, as Bitcoin has become increasingly popular in recent years. The idea of mining 10 BTC daily is undoubtedly exciting, but it’s important to understand the realities of such an endeavor. In this blog post, I’ll explore what it would theoretically take to achieve this level of Bitcoin mining and get everything unveiled. So without further ado, let’s jump right into it.
Mining 10 Bitcoin per day is an ambitious goal that requires a significant investment in hardware, energy, and infrastructure. However, it’s important to understand that in today’s competitive mining landscape, achieving this level of production is extremely challenging for individual miners. Let’s explore what it would theoretically take to mine 10 Bitcoin per day and why it’s not feasible for most people.
The Current State of Bitcoin Mining
Bitcoin mining has evolved dramatically since its inception. In the early days, it was possible to mine Bitcoin using a standard computer. Today, the process requires specialized hardware and consumes enormous amounts of energy.
As of October 2024, the Bitcoin network’s total hashrate is approximately 390 exahashes per second (EH/s)[1]. This means that the entire network is performing 390 quintillion (390,000,000,000,000,000,000) hash calculations every second. The current mining difficulty is adjusted to maintain an average block time of 10 minutes, with each block currently rewarding 3.125 BTC[1].
Theoretical Requirements for Mining 10 BTC per Day
To mine 10 BTC per day, you would need to mine approximately 3.2 blocks per day (10 BTC / 3.125 BTC per block). Given that the network mines an average of 144 blocks per day (24 hours * 6 blocks per hour), you would need to control about 2.22% of the entire network’s hashrate.
Hardware Requirements
To achieve this level of hashrate, you would need an enormous amount of mining equipment. Let’s consider one of the most efficient miners available, the Bitmain Antminer S21 Hyd (335Th)[3]. This machine has a hashrate of 355 TH/s and consumes 5360 watts of power.
To reach 2.22% of the network’s hashrate (approximately 8.658 EH/s), you would need:
8,658,000 TH/s / 355 TH/s per miner ≈ 24,389 Antminer S21 Hyd units
At a cost of $4,200 per unit, the total hardware investment would be:
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