How long does it take to mine 1 bitcoin with antminer s19?

Therefore, it takes 86.509 kWh to produce one bitcoin with S19 Pros. This is the same as 86.5 megawatt-hours (MWh) or 0.0865 gigawatt-hours (GWh). Read more about electricity unit conversions here. However, note that the block reward decreases over time.

In 2024 the block reward will decrease from 6.25 to 3.125 bitcoins in what is known as a halving event. Halvings occur every four years, read more about miner trends here. Using the variables described above, we find that the bitcoin production rate is 37.5 BTC per hour over the next three years (until the 2024 halving). This means that about 900 bitcoins are produced per day, and 328,500 are created per year.

To put this in perspective, a typical nuclear power plant produces 1000 MW of electricity. This equates to 24,000 MWh per day, or 24 GWh. Whereas a large-scale power provider such as the Three Gorges Dam in China spits out a maximum capacity of 22.5 GWh. This equates to 540,000 MWh per day, or 540 GWh.

The world currently has some 62,500 power plants. When you consider that one large power plant could run four times the entire Bitcoin network, Bitcoin's energy consumption seems less threatening. For example, based on the current hash rate, it would take fourteen S19 Pros to mine 1 Bitcoin per month. Or, put another way, one S19 Pro could mine 1 Bitcoin in 14 months (not taking into account the increase in hash rate over time).

Now, all Bitcoin mining is done using a Bitcoin ASIC miner, as it is no longer cost-effective to mine with a CPU, GPU or FPGA. The latest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate the profitability of Bitcoin mining by adjusting the mining hashrate values or by selecting one of the Bitcoin mining hardware devices from the list of Bitcoin ASIC miners. Along with the profitability of Bitcoin mining, the list of the top 5 Bitcoin ASIC miners is updated frequently. When a Bitcoin miner finds the correct hash to solve the next Bitcoin block, the miner is rewarded with Bitcoin.

This information is used as the default inputs for the BTC mining calculator along with the default hashrate and power specifications of the best ASIC Bitcoin miner. But do Bitcoin miners have access to the newly printed money? Yes, but this money is not all profit, miners must use their earnings to remain competitive. ASIC Hub is a mining monitoring and management software for your Antminer, Avalon, Whatsminer, Innosilicon, and other major ASIC brands. To start mining Bitcoin, you'll need cheap electricity (lots of it), an internet connection, and at least one Bitcoin mining hardware device - an ASIC Bitcoin miner.

At the time, one block gave miners 50 bitcoins, and miners were just a few cryptocurrency hobbyists who made bitcoin mining a hobby.

David Gerula
David Gerula

Devoted social media practitioner. Lifelong pop culture junkie. Sushi buff. Subtly charming pop culture junkie. Passionate beer maven. Total beer lover.