Hafez Financial Services


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How long does it take to mine a bitcoin?


As you probably know, Bitcoin is the first cryptocurrency in the market with mining capability. We do this using coin mining machines. Many people are looking to mine bitcoin using their computer system, laptop or mobile phone. And they are looking for the answer to the question of how long it takes to mine a bitcoin?!
While these people can not get a result in the BTC mining process using home systems at all. This will only damage your device. The total number of units to be generated from Bitcoin is 21 million units which this number of units will eventually take until 2140 to create. There are currently about 18,000,000 and 600 units on the market. If everyone were to mine BTC units just as easily, Of the nearly 6 billion people, 100 million have finally heard of bitcoin and could apply for mining. In that case, all bitcoin units would be mined and not worth much.
This is not a simple and cost-effective issue, and contrary to many people’s beliefs, it is not done by a telegram software and robot; Rather mining is done by a hardware device and one of its manufacturers is BitMin. Due to the recent increase in the price of Bitcoin, these updated devices no longer exist.
If we have 10 of these devices with a hardware power of 110 tera hashes (priced at $32,000), Regardless of the cost of storing the device, regardless of the cost of electricity consumed by the device and regardless of the cost of cooling the environment, you can earn about 2 tenths of a bitcoin in a month, which is also true in the current situation and in a few weeks, with market fluctuations or people entering the market, you can get a much fewer number of bitcoin units.

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