Antminer s9 bitcoin per year

But the puzzles have gotten exponentially harder over time. This is because bitcoin's founders decided each block of bitcoin should take about 10 minutes to mine, in an effort to keep a lid on supply. As computing power surged, so did the difficulty. The difficulty is adjusted every 2, blocks -- which is roughly every two weeks if it takes 10 minutes to mine a block.

In theory, you could take the average hash rate and the time per block of the prior 2, blocks to estimate what the next difficulty number will be. But it's not a perfect science since sometimes a block is mined in far less than 10 minutes by pure luck.

Bitcoin Mining Profit Calculator

In January of , the difficultly was 1. So there's one part of our answer: the computing power required to mine one block of bitcoin is exponentially higher now than it was 12 years ago, even if the time it takes to mine one block is still around 10 minutes. If the time to mine a block is relatively constant over time, why is bitcoin supply increasing at a slowing rate? The answer is due to bitcoin "halvings. The first bitcoin block, known as the "genesis block," yielded 50 bitcoin.

Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

But after every , blocks are mined about every four years , the reward is cut in half. The first halving occurred on Nov. The second was on July 9, And the third was on May 11, Today, each block yields just 6.

The maximum bitcoin supply that can ever be mined is 21 million. This means that half of the total potential supply was generated within the first four years after bitcoin's launch. And This table shows the pattern well.

The effect of these halvings on supply may surprise you. By , Just 40 bitcoin will be mined in the four years starting in And before the century ends, less than one bitcoin will be mined per year.

Eventually, the last bitcoin will be mined in So although bitcoin is near a record high price, and the computing power being used to mine bitcoin is also at a record high, bitcoin supply is increasing at its slowest rate in history for two reasons:. To be more successful, miners join what are called pools, where they combine their computing power and then split the prize from successfully mined blocks. Older models like the Antminer S9, which has a hash rate of just This hash rate was more than acceptable when bitcoin mining took less computing power and each block yielded 50 bitcoin.

Antminer S9 Review

And it's been profitable recently. But it could be a money-losing endeavor if computing power floods the market and the difficulty increases at a faster pace than bitcoin's price. This has happened several times before, when bitcoin's price crashes or the difficulty level rises to the point where once profitable rigs become unprofitable. As S9 is well-ventilated mining tool, therefore it performs reliably well, whether kept alone or with thousands of other units in a mining centre.

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Currently, Antminer S9 possesses many different features that make it a worthy purchase mining tool on the market. However, with a price on the high side, many of the miners would not be able to purchase this product that might end the profitability chances for many of the miners. Also, with regular updates in the field of technology, soon a time will come where the competitors will take on over Antminer S9. Therefore, the profitability chances from Antminer S9 might not be on the bigger side in future. Skip to content Tokens Tags Antminer S9 Cryptocurrency mining.

Power Supply All the power supply with sufficient wattage is compatible with Antminer S9. S9 Power Consumption S9 is the most efficient device electrically which is present in the market. Setting up an Antminer S9 The S9 is a self-sufficient unit in itself.

The Temperature of Antminer S9 Due to its air-cooled technology and fine designing, the Antminer S9 is quite easy to maintain. Conclusion Currently, Antminer S9 possesses many different features that make it a worthy purchase mining tool on the market. Please Login to comment.

Output at Current Difficulty

Equipped with state-of-the-art custom-built chips designed by Bitmain, Antminer products achieve industry-leading hash rates and power efficiency. Having shipped billions of ASICs accounting for the majority share of the global market, Antminer has become a household brand for miners that work in securing the cryptocurrency network, empowering the blockchain industry. AntPool — the most advanced Bitcoin mining pool in the world, leading the cryptocurrency mining platform.