By Peter Wind The shortest possible time to mine 1 Bitcoin is about 10 minutes. This is because a new block is added to the Bitcoin blockchain approximately every 10 minutes. When a miner adds a new block to the Bitcoin blockchain, they receive a 3.125 BTC reward (approx. $207,000 as of writing). In practice, […]
Tag: ASIC
By Jon Nielsen The Bitmain Antminer L7 is an ASIC crypto miner specialized for the Scrypt algorithm, which is used to mine the popular cryptocurrencies Litecoin and Dogecoin. The Bitmain Antminer L7 produces 9,160 MH/s in hashrate, has a power efficiency of 0.35, and a power consumption of 3,225 W (efficiency and power consumption ratings assume […]
By Vuk Martin Are you tempted to try your luck with solo Bitcoin mining? Picture yourself as an old-school prospector, staking your claim and waiting for that motherlode. Solo mining is for patient, persistent folks who want to control their operation and chase big rewards, without splitting the pot with anyone else. But it’s not […]