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: EH
By Emir Abyazov The hashrate of the Bitcoin blockchain is skyrocketing, exposing the widening gap between the network’s activity and the price of BTC. According to data from Blockchain.com, the hashrate, which shows the processing power required to mine a block on the Proof-of-Work consensus-based Bitcoin network, reached an all-time high of 856 exahashes per […]