We continue our review of the mining niche. And as you know, my activities are different from the topic of this site. But they have a lot in common. The topic of making money on your website and the topic of making money from mining are additional sources of income from the Internet. Something that can set you free. In the first case, you can start without investment, and in the second case, you need an investment of 100,000 rubles to purchase equipment for a mining farm. And today, the purpose of our article is to get to know the topic of earning bitcoins using a computer. How realistic is this, and is it worth starting...
So!
Is it possible to earn Bitcoin on your computer without investment?
From the above, you can understand that without investments you won’t be able to get into serious business. You can, of course, perform various tasks on the Internet in exchange for Bitcoin, or rather Satoshi (the video will be at the end of the article). But this is negligible and not profitable. There’s no point in delving into this topic...
Also, recently, cloud mining has been rapidly gaining popularity. The difference between this kind of mining and classic mining is that you don’t need to buy expensive professional equipment. You just need to invest in buying out or renting the necessary capacities. This is one of the ways to earn bitcoins on the machine. Today there are a large number of sites on the Internet that provide similar services. But you should understand that the risks here increase. Because your investments in rented capacity and mined bitcoins may remain on the side of the owner of these cloud storages. But still, you can touch on the topic deeper...
What is needed for cloud mining?
— find a suitable site to understand how to mine bitcoins on your computer;
- register there,
— deposit the required amount of cryptocurrency into the account;
— purchase capacity in the amount you can afford;
- and start mining.
Investments in cloud mining can bring real profits.
Satoshi faucets are sites where, in the interval from 5 to 60 minutes, you can get Satoshi and withdraw it to your Bitcoin wallet. There are sites where satoshis are paid directly to your wallet without any savings. We'll talk about this in the next issues. Do not miss…
How long will it take to mine Bitcoin in 2021?
First, you need to decide on the equipment on which you plan to mine bitcoins. Let's start, perhaps, with ASIC devices, because today they are the most suitable equipment for single mining.
If we take into account the most powerful ASIC for 2022, then this is Bitmain Antminer S19 PRO (cost: from 350,000 rubles). It produces a hashrate of around 110 Th/s. With constant operation of the device, it can mine approximately 0.0009 BTC per day (which is almost 2,500 rubles at the rate of 2,716,640 rubles per bitcoin). Let's carry out a deeper mathematical calculation and find out the number we need - divide one by 0.009. Total: one Bitcoin can be mined in 1,110 days (more than 3 years).
Note! All the figures given are extremely approximate, and no one can give a more accurate answer due to the constant change in the complexity of the network, as well as the high volatility (changes in the exchange rate) of Bitcoin. In addition, we did not take into account electricity costs, which is often a decisive factor in mining.
Since the price of this device is, to put it mildly, “overpriced,” it is not very popular among novice miners. Mid-segment ASIC devices are purchased much more often, but their performance is, of course, lower. For example, “Avalon A1246 90T”, which can be purchased for 100K-170K rubles, has a hashrate of 90 TERAHash per second. How long does it take to mine Bitcoin using it? As a rough estimate, based on the complexity of the blockchain for 2021, it turns out to be more than 4 years.
How long does it take to mine one Bitcoin if you combine ASICs?
This is a more correct and profitable idea, because it is unlikely that you will be able to mine a normal amount on one device... The largest mining pool mines one bitcoin in 10 minutes, with its total hashrate of 935 Ph/s. That is, to receive one bitcoin per day, we need to assemble a mining farm with a capacity of approximately 6.5 petahash per second.
Interesting fact! Many bitcoins have been lost beyond repair due to transactions being carried out on incorrect blockchain addresses.
The most powerful (at the moment) ASIC produces a hashrate of 110 Th/s (1 petahash = 1,000 terahash). Therefore, to achieve such computing power we will need: 6,500/110 = 59 ASICs. To find out how long it will take, say, 10 of the same ASICs to mine, you just need to multiply the performance of one device by their number: 110*10= 1,100 Th/s or 1.1 petahash per second. And after entering this value into the mining calculator, in our case it turns out that Bitcoin can be earned in a little more than two weeks.
Mining on video cards - how long does it take to mine Bitcoin?
In fact, the situation here is somewhat similar, but mining on video cards is much more difficult than on ASICs. Firstly, direct mining of Bitcoin on a video card is impossible , because only ASIC equipment can do this. But there is a way out: special services like NiceHash, where you mine altcoins (some kind of Ethereum, Litecoin) using a GPU, but in the end the service gives you bitcoins at the same cost. Why is Bitcoin so expensive?
Secondly, their computing power is no longer competitive. For example, one of the most productive video cards, Nvidia RTX 2080 Ti, produces a hashrate of almost 60 Megahash (for comparison, the power of the previously discussed ASIC is 660,000,000 Mh/s)... How long can it take to mine Bitcoin on one video card? Now let's count! We enter the values into the mining calculator and get the result that in a month of continuous operation you will be able to mine 0.0045 BTC, and in a year: approximately 0.06 bitcoins. As a result, it turns out that it will take 16-17 years to mine one Bitcoin... How do you like these statistics?) Write in the comments!
If you want to buy several video cards at once, you can simply multiply their number by the hashrate of one, and then calculate the income. Let's increase their number to 20, then in a month we will be able to mine 0.09 bitcoins, and in a year we will finally be able to cross the threshold of 1 bitcoin and mine 1.08 BTC. It is worth noting that all of the above data is very approximate based on several factors that we discussed above...
How to earn Bitcoin without investment on a slot machine
Let's consider the option of earning Bitcoin on a machine. This is not a bad option for making a profit without investment.
To do this, just install the STARTAVTOBET program on your computer. If your device is turned on, your wallet will receive a certain amount every day. The amount of cryptocurrency directly depends on the power of your personal computer. Automatic earnings are a small but stable income. You can't earn much.
Very important. There are many videos on the Internet about earning Bitcoin without investment. And some are associated both with the installation of miner programs and through a cloud service. The idea is that you download the program, and then rent a server and connect the program to it. But the point of this earnings will not be for you in most cases, but for those who cheat by renting servers. There is a hidden method of fraud here, supposedly under the pretext of mining bitcoins, you need to rent a server. Be careful!
How much do you need to mine using a Bitcoin faucet to earn 1 Bitcoin?
Bitcoin faucets are an easy way to earn bitcoins by completing simple tasks. Unfortunately, it is unlikely that you will be able to get an impressive amount here, and now you will understand why... First, let’s look at mining from one resource, and then, if necessary, you can calculate the resulting amount of bitcoins for the number of bitcoin faucets used.
So, on average, for an hour of continuous work you can get about 400 satoshi (0.000004 btc). We multiply them by 24 to find out earnings per day, it turns out 9,600 satoshi (0.000096 bitcoins, approximately 400 rubles). Now let's multiply the received bitcoins by 365 (days in a year): 0.000096*365 = 0.035 bitcoins.
It’s already closer, but still not a whole coin... How long will it take to mine Bitcoin? We perform simple mathematical operations and find out that bitcoin can be obtained only after 29 years of continuous operation of a bitcoin faucet... Maybe mining on a phone will allow you to earn bitcoin faster?
Unfortunately, using several services is unlikely to correct the situation. After all, even if you connect all 20 computers in your office to a Bitcoin wallet, you will be able to mine Bitcoin in about 1.5 years (if the complexity of the network does not change)... Conclusion: serious mining using Bitcoin faucets does not make sense.
How realistic is it to earn Bitcoin without investments in 2017-2018 from scratch?
Not effective at all. And you don’t need to do this without investment, hoping to make a profit. This requires investment. Unless, of course, you’re just starting out, and you might come across similar videos where you need to surf the Internet and browse websites in exchange for Satoshi.
But it's not serious. Do you agree?
That's all. In the following reviews, we will look at more realistic ways to make money on cryptocurrency, those that work and that professional miners do.
Follow the blog so you don't miss out. And write comments below, how much did you manage to earn from the fraudulent videos that the Internet is full of?
How long does it take to mine Bitcoin (cloud mining)?
How long cloud mining will take depends entirely on what tariff you are willing to choose and pay. For example, one of the cloud mining services allows you to buy contracts with a total capacity of 500 Th/s. Using the previous calculations, you can find out how long it will take to mine Bitcoin.
So, if with a hashrate of 100 Th/s, a real, whole Bitcoin was earned in approximately 3 years, then with a hashrate of 500 terahash, the time during which you can mine cryptocurrency will be reduced exactly five times. This equals 7 months, which is considered a fairly short period of time in mining. By the way, for this tariff the miner will have to pay about 40K dollars (more than 2.5 million rubles!).
If you purchase not so expensive contracts, say for 50 Th per second, then you will be able to mine Bitcoin only after 6 years. It is also worth taking into account the increase in network complexity. It changes depending on how many coins are left to be mined (the fewer bitcoins, the higher the difficulty). And if in 7 months it will become not so much more difficult (as in the previous case), then in 6 years it will become much more difficult to mine cryptocurrency.
TOP 5 Bitcoin exchangers from 500 rubles
Almost all such exchangers starting from 500 rubles are automatic or semi-automatic. Here are the ones that enjoy a well-deserved reputation.
https://bankcomat.org/?rid=15337259545972
https://60cek.org/?rid=15702019817822
https://f-change.biz/
https://ferma.cc/?ref_hash=016a10213ba1939c42da155de4790acf
https://baksman.org/?rid=15796422149814
We will indicate the best exchangers from 100 rubles, where you can buy for a small amount.
What are Bitcoin exchangers?
These are services where you can sell and buy crypto, and they have certain reserves of electronic money and fiat money. Buying Bitcoins, as well as selling them, is carried out without any particular difficulties. The transfer of cryptocurrencies, like the purchase, does not require mandatory identification verification, although there are such exchangers. There are several types of exchangers that allow you to exchange Bitcoin for rubles or other currencies.
Manual. They have almost ceased to be used, since they have to wait a long time for the operator to manually process the user’s application.
There are automatic ones, and these make it possible to transfer rubles to Bitcoin, and vice versa, in an automated mode. All operations take no more than 5-10 minutes. There are almost no delays. The vast majority of services that allow you to exchange Bitcoin for rubles operate in this mode.
Semi-automatic ones also work. Cryptocurrency exchange here occurs through the service itself, only the operator controls transactions. They function reliably, but are a little slower than automatic ones.
In Bitcoin news about exchangers, you can find a huge number of services offering their services. You can use them to buy Bitcoin and sell it at a favorable rate. Let's consider the best and most reliable exchangers that guarantee fast exchange and optimal rates.
