How long does it take to earn 1 Bitcoin?
If you need to earn 1 Bitcoin, you can use one of the methods. Among the main options are:
- Working with faucets that distribute Satoshi for free.
- You can use faucets and earn up to $200 per month using BTC Free scripts or bots.
- If you have a certain amount, casinos and gaming grounds are used.
- Cloud mining is one of the effective methods of making a profit.
Many methods of earning Bitcoins involve using sites where you need to enter a captcha and collect satoshis on a machine. You will need to run a special program on your PC and configure the bot. When choosing a way to earn money, it is better to invest in the acquisition of equipment and capacities of several resources at once. This will help secure your funds. It is advisable to divide the investments equally between 4-5 projects. If you can't make money on one or two, the rest will work.
Important! If you choose serious projects, you can count on making a profit of 1-5 Bitcoins per week.
If you use faucets, you can earn 1 Bitcoin in 3 months. With cloud mining, if gift power is used, 1 Bitcoin will be earned in a week, quite quickly. Earned funds can be converted into regular money using numerous exchange offices. The most favorable exchange rate is offered on the xchange.cc resource. You can transfer money from one currency to another in a few seconds, in more than 20 directions.
Option three. Mine Ethereum
Ethereum is the second largest cryptocurrency in the world by capitalization. Cryptocurrency mining is carried out not using ASICs, but using video cards. Most often they are collected in farms of eight pieces.
You may ask, why do I need Ethereum? I want Bitcoin! Reasonable. However, no one is stopping you from mining Ethereum and exchanging it regularly for Bitcoin on a cryptocurrency exchange. You can even mine directly on a cryptocurrency exchange. For example, the 2Miners mining pool supports this payment method.
Miner professional
We do not recommend storing money on an exchange, so you can regularly withdraw your Bitcoin to your local wallet.
It is now economically unprofitable to collect new farms, so let's go to Avito and see what is available from the already collected options. Here are the first two options that came across as an example: here are the first and second.
Selling a mining farm on Avito
For Ethereum it is more profitable to take AMD. If you are an experienced miner, you can use Nvidia, then you will be able to mine more profitable coins. Now, for example, ZClassic provides significantly more income compared to other cryptocurrencies.
Cryptocurrency mining profitability forecast
Let's say we bought a farm on AMD video cards for 55 thousand rubles with a hashrate of 180 Mh/s. We enter these values into 2CryptoCalc.
Entering hashrate in the 2CryptoCalc calculator
By the way, please note that AMD cards can only be purchased with 8 GB memory. Cards with 4 GB on board will soon stop mining Ether.
The farm's daily income will be 0.014 ETH, which is 5.11 ETH per year. Over the year, the difficulty of mining Ethereum has increased by only 23 percent. Assuming that the growth will be the same, we will make a small correction. We receive 4.5 ETH per year or 0.11 BTC.
Ethereum network complexity
Are you in trouble again? After all, to earn 1 BTC in a year, you need to buy as many as 9 farms for 55 thousand rubles, that is, for 495 thousand rubles. Not really. The fact is that, unlike ASICs, video cards can always be sold. There are more gamers than miners, that's a fact.
In our experience, used video cards can be sold after a year for approximately 70 percent of the purchase price. Yes, you may have to dismantle the farm and sell them one by one, but it will be worth it. If you decide to sell the entire farm, then you should expect about 50 percent of the original cost.
Our farm consumes approximately 0.8 kW, and if we buy 9 farms, we will get 7.2 kW. A lot, but not too much. Many people now have such power in apartments and suburban areas. Remember that farms are not very noisy, especially if you install regular computer power supplies. Even if you use server power supplies, it is quite possible to live in the same apartment with farms.
Let's calculate energy costs for the year. 63,072 kWh at 3 rubles per kW will give us 190 thousand rubles. This is how much we will have to pay “for light”.
Total:
- 495 thousand rubles were spent on farms;
- 190 thousand rubles were spent on electricity;
- 247.5 thousand rubles were received from the sale of farms.
In total, one Bitcoin cost us 437,500 rubles. This is 162,500 rubles cheaper than with a regular purchase.
If you have no place to put the farms, you will also have to rent premises and take into account rental costs. Well, if in your region electricity is cheaper than 3 rubles per kWh, you can save a lot of money.
Diligent Mining
How long does it take to mine 1 Bitcoin in 2021?
If you want to get 1 Bitcoin in 2022 quickly and with minimal resources, you should be prepared for material expenses and negative psychological aspects. A miner planning to mine currency at home will need to provide the following:
- Uninterrupted Internet operation.
- Stable supply of electricity.
If one of the factors is violated, there is a risk of experiencing an interruption in the work associated with the generation of Bitcoins. For cloud mining, these requirements are not important. To mine currency, you can rent equipment if you can’t buy new professional devices. To receive one Bitcoin per week you need to purchase Gigahash. It will cost 0.0006 Bitcoins.
Important! In the process of earning Bitcoins, you need to adhere to the rule - as much as you invest, you will receive as much. Earnings depend on the amount of invested funds.
On CPU
At the beginning of the history of cryptocurrency mining, miners used a CPU (Central processing unit or literally a central processing unit), since desktop computers were powerful enough to process information.
Using such equipment, miners could easily mine bitcoins, the rate of which in 2013 was $15 per 1 BTC. Over time, the popularity and rate of cryptocurrency began to grow, and it became more difficult to select keys and crack ciphers using a conventional processor. Even the emergence of new types of processors did not simplify this task.
In addition, the owners of such processors began to lose money due to the fact that the costs of consumed electricity began to exceed the profit of the miner.
So “digital miners” stopped calculating the time of receiving bitcoins on the CPU and considering it as a means of mining cryptocurrency, but began to look for an alternative to perform the required tasks.
How to earn 1 bitcoin per month?
If you invest money in sites that use cloud mining, you will need to wait more than one month to make a profit. To speed up the process and receive one Bitcoin per month, it is not enough to choose the appropriate method; it is worth using methods to speed up the process. Here are the most effective:
- Purchasing a cryptocurrency doubler;
- Using a familiar casino, outside or inside faucets.
Doublers are services that offer 2-3 times the amount of money invested. Professionals advise using sites that offer a small percentage of 2-3% per day. Earning money will take a little longer, but you can avoid risks. How long it takes to mine a cryptocurrency, how long it takes to get one Bitcoin, depends on the equipment used.
What can I recommend to a beginner?
A beginner who has just become acquainted with cryptocurrencies can be given several recommendations:
- You can start collecting Satoshi from Bitcoin faucets and free games.
- If your computer system unit has a powerful latest generation video card, it makes sense to use it for Satoshi mining.
- Bloggers with more than a thousand subscribers have a direct way to make money through affiliate programs, within which they will receive crypto for referring friends.
- For those who want to invest their honestly earned money in order to increase it N times in a few years, we can recommend buying BTC with your free money, as the most reliable crypto-asset. But Bitcoin, like other cryptocurrencies, is used primarily as a speculative instrument, and no one can say when the BTC rate will rise to, say, $80,000. And will it grow?
How to quickly earn 1 Bitcoin in a day?
One of the popular methods of making a profit in one day is a special online casino. This is an ideal opportunity to get rich quickly, but there are quite big risks. Receiving Bitcoins is purely a result of luck. To receive 1 Bitcoin per day, you need the favor of fortune and free cash. Among the benefits of earning money are:
- Different ways to withdraw received funds.
- Transparency of game conditions.
- Equal conditions for all participants.
- 1 Bitcoin can be mined in one day.
You need to choose a specific service based on positive reviews and a good reputation. After choosing, register and select the appropriate type of game.
Among the popular gaming houses that provide the opportunity to solve the question of how to earn one Bitcoin per day, the following stand out:
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- 7bitcasino is a gaming resource that rewards participants with up to three btc and provides a huge number of different bonuses.
- mBitCasino is a site where there are many different games and a rich bonus program. The amount credited to the account after registration is automatically increased by 110 percent. Beginners are given the opportunity to make additional moves.
- 999dice is a resource for those who want to earn a lot of bitcoin in just a day. Programs are offered that allow you to quickly increase the amount in your account. Players will need to register, and the site's technical staff will assist all interested visitors at any time.
Modern advanced users have been making money in virtual casinos for a long time. There are those who consider this type of income adventurous, but there are many people who fully justify this type of income. If you put in some effort and apply winning techniques, you can easily and simply earn money - the treasured Bitcoins.
Legal side of mining
Since the advent of cryptocurrency, the State Duma of the Russian Federation has been considering the possibility of not only monopolizing all mining in Russia, but also taxing all financial transactions related to crypto.
This was preceded by a process of non-recognition and denial of the very existence of farms. Government agencies (in particular state banks) blocked cryptocurrency transactions in every possible way.
Since 2022, a law related directly to mining is being considered. The meaning is quite simple - to completely exclude the private sector of digital currency mining, and transfer this right to specially authorized firms and companies. Better yet, create a structure under the auspices of the Ministry of Finance.
At their core, cryptocurrencies become a kind of digital analogue of securities, which is regulated by the same analogue of an exchange. At the same time, the use of “standard” digital currencies will be limited. Instead of the already familiar bitcoins, liketoins and ether, there will be a new cryptocurrency - cryptoruble (or bitruble).
According to most crypto experts, the cryptoruble will not be widely used outside the walls of banks and government agencies. However, the majority is generally inclined to believe that the “Russian Bitcoin” is awaiting a fiasco, since so far not a single country in the world has managed to create a state digital currency.
The very concept of “state cryptocurrency” can be considered an oxymoron, because with it the main message of electronic cash is lost – anonymity and freedom of use without borders.
How much can you earn from Bitcoin mining?
How quickly does one video card pay for itself? What will happen to the cryptocurrency rate?
