What Do You Need To Mine 1 Bitcoin From Home?
Less than 80 days to go ’til the halving, here’s what you’ll need to mine 1 BTC from the casa in 2020
HERE’S WHAT YOU NEED TO MINE 1 BITCOIN FROM HOME IN 2020
Generating one whole bitcoin per year through mining is not guaranteed, and cannot fit an exact estimation. The solving of a block is not only a matter of mathematics, but also of luck. This means that setting up sufficient hashrate to mine one BTC may not be enough. Scenarios must include market prices, electricity costs, and competition from other miners.
The usual approach in 2020 is to secure participation into a mining pool. Solo mining, while potentially more profitable, can be a betting game where the hashrate competes against bigger pools. However, joining a pool may increase the chances of sharing a block reward.