If you dream of striking gold with bitcoin, then you should throw away that high-end PC you love so much, even if it runs on superfast graphics cards. To become the Warren Buffett of crypto currencies, you need to invest in a dedicated bitcoin mining rig. The best versions are ASIC, or Application Specific Integrated Circuit, bitcoin miners. These use chips specifically designed to crack the mathematical problems that yield bitcoins. They do this at mind-boggling speeds and use less power than alternative mining rigs.

ASIC miners are capable of hash rates, or computing speeds, as high as a few terahashes per second. Hash rates are a measure of the number of bitcoin calculations that a chip completes in one second. Since an ASIC chip is specially fabricated for bitcoin mining, it cannot be used to mine other crypto currencies. Therefore, if you prefer mining litecoins then you need a litecoin mining rig. You can find a bitcoin mining rig easily in the vast inventory on eBay. How To Mine 1 Dogecoin DOGE Per Week.

How to Set Up a Bitcoin Miner Generate bitcoins yourself; What are Bitcoin Mining Pools? What are pools how and how to join them? How Does Cloud Mining Bitcoin Work? Hobby Bitcoin mining can still be fun and even profitable if you have cheap electricity, an efficient bitcoin mining machine and get the best Bitcoin mining hardware. Become the best Bitcoin miner and learn how to mine Bitcoins with the best Bitcoin mining hardware. While consuming much less power than FPGA or GPU mining rigs. The.bat file will run putty, automatically login to the bitcoin mining rig. For each discovered block, 50 BTC and the transaction fees are paid to the miner.

Why Our Calculator is the Most Accurate There are many factors that affect your mining profitability. Two of the main factors that influence your profitability are: the Bitcoin price and the total network hash rate. The Bitcoin network hash rate is growing at a rate of 0.4527678% per day.

This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate. Our calculator assumes the 0.4527678% daily increase in network hash rate that has been the average daily increase over the past 6 months. How To Start Vertcoin VTC Mining On Pc. Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality. The Bitcoin Price Even though the network hash rate will cause your share of the network hash power to go down, the Bitcoin price can help make up some of these losses. The Bitcoin price is rising at a slightly lesser 0.3403% per day over the past year. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year.

What our Calculator Assumes Since our calculator only projects one year out, we assume the block reward to be 12.5. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data.