We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. With ASIC Hub, you can monitor and manage your Antminer, Avalon, Whatsminer, Innosilicon, and other major ASIC brands with ease. Offline wallets (e.g., Jaxx, Electron Cash, or Exodus) are popular among experienced users who store large amounts of funds in various types of cryptocurrencies, often conduct transactions, and convert coins.

We do fill in the current Bitcoin price for you, however you can change it if you want to see scenarios using a different Bitcoin price. When a Bitcoin miner finds the correct hash to solve the next Bitcoin block, the miner is rewarded with Bitcoin. This process requires an enormous amount of computing power, which is represented by the Bitcoin hashrate. In order to secure and validation transactions – Bitcoin miners are constantly trying to solve the next Bitcoin block. Bitcoin mining is the process of securing and validation Bitcoin transactions on the Bitcoin blockchain.

  • And in turn the Bitcoin mining pool charges a small fee, typically 1% to 4%.
  • The electricity cost calculator allows consumers to estimate their annual electricity costs in an easy-to-use way.
  • To be a winner in the mining race, one needs to upgrade their hardware from time to time, either by adding to the series of hardware, or replacing it with a more capable machine.
  • The APY Calculator can be used to calculate how much interest you will earn on an investment made over the course of a year.
  • Default inputs are preloaded with the latest Bitcoin difficulty target and Bitcoin mining hashrate for the best Bitcoin miner.

So, irrespective of cryptocurrency’s stature within the law of the land, it will be wise to check for specific regulations around mining operations. Historically, halving events have been responsible to weed out most inefficient miners until the market price normalizes. On the day when BCH first experienced halving, the cryptocurrency was trading at roughly $246.42. The electricity cost calculator allows consumers to estimate their annual electricity costs in an easy-to-use way. You can use the Investment Calculator to calculate a particular parameter for your investment plan. To calculate the return rate required to reach a certain investment goal using particular inputs click on the Return Rate tab.

How long does it take to mine 1 Bitcoin?

If total network hashrate goes down, difficulty will decrease, and your profitability will increase. If total network hashrate goes up, difficulty will increase, and your profitability will decrease. The higher the hashrate of an individual Bitcoin mining machine, the more bitcoin that machine will mine. Typically, a higher hash rate requires more energy, but that is not always the case. Some machines have the same hash rate but require different amounts of energy to power.

  • The payback period calculator allows you to estimate how long it will take to make a profit on an initial investment.
  • The higher the hashrate of an individual Bitcoin mining machine, the more bitcoin that machine will mine.
  • Our mining monitoring and management software for Windows GPU rigs is the perfect solution for those who prefer to mine on their Windows machines.
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As GPUs continue to get more powerful and reduce electricity consumption with every iteration, miners across the world have caused a chip shortage, affecting the general PC gamer community. Making use of various BCH profitability calculators will help you determine the hash rate, which is usually an indication of the power required to successfully mine a block. Compare this to your local electricity and space costs, and voilà, you’re halfway there. Of course, block rewards have a direct impact on your mining profitability, as does the value of BTC – since the value of BTC is volatile, block rewards will vary. Additionally, successfully confirming a block is the only way you will generate any revenue whatsoever by mining.

Calculate the profits of your Dogecoin investments easily with this free investment calculator. Calculate the profits of your Ethereum investments how to buy metahero easily with this free investment calculator. Calculate the profits for your BCH investments easily with this free investment calculator.

Is Bitcoin Cash any different than Bitcoin?

Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality. Now that you know how much power capacity you have (more is better), you can determine how many miners you can run. In this case, it would be about 11 Bitmain Antminer S17+ at 2,920 watts per device. To start mining Bitcoin, you’ll need cheap electricity (a lot of it), an internet connection, and at least one Bitcoin mining hardware device – an ASIC Bitcoin miner. Every aspect of our Bitcoin mining calculator has been developed for miners by miners.

Bitcoin Cash (BCH) Mining Hardware

The payback period calculator allows you to estimate how long it will take to make a profit on an initial investment. The debt to income calculator, or DTI calculator for short, is an invaluable tool for anyone who has taken out any type of loan. This calculator will show you how much debt you have and whether you can afford another loan.

Finding out the most suitable pool will involve cross checking your system’s compatibility against a pool’s software infrastructure, payout structure and transparency around task assignment and stability. Motherboards with a higher number of GPU slots are the most obvious choice for a miner, starting at six slots going all the way up to 18. Bundled with a compatible CPU, solid state drive (SSD) and RAM gives the setup a baseline for performance.

Check out the table below to find out the income and calculate profitability. Additionally, you can also opt for pocket-friendly mining software that can connect how to buy ens your computer to a mining pool operation and pay a fraction of the mining rewards. Antminer S17+ by Bitmain is an ASIC miner released in December 2019.


Depending on your pockets and passion for crypto mining, you will be able to settle into a suitable setup. There are a number of websites that allow you to configure the ideal mining hardware depending on your local electricity costs and hardware budget. To solve these mathematical problems, you will need help from powerful computers that are famously marketed as mining rigs.

Maximize Your Mining Profit with BCH

The current BitcoinCash hashrate (BCH hashrate) is 3.46 EH/s at block height 813,811 with a difficulty of 472,402,476,374.14. As the BitcoinCash network hashrate goes up – the BCH hashrate numbers get so large that abbreviations must be used. To increase the chances of solving a Bitcoin block, you can join a pool of other miners all working together to solve a block. Once you have the Bitcoin mining hardware in hand, the last step is to configure each miner. Hardware wallets (e.g., Ledger Nano, Trezor, KeepKey) are suitable for long-term storage of significant amounts of cryptocurrency. Such a tool is used by cryptocurrency investors who keep BCH for the long-term period.

Risers are the only component that doesn’t come from the typical setup and is purposely built for mining operations. Also known as GPU risers or PCI Express riser, the extension cables help with raising the GPUs way above the motherboard to improve cooling. While mining operations have always been overshadowed by legalities around cryptocurrencies, many governments have started to outright ban mining activities within their jurisdiction. For example, China allows its citizens to hold and trade Bitcoin but has recently unleashed a crackdown on mining activities.

What is BitcoinCash Hashrate?

More experienced crypto traders try to combine several types of wallets. While finding out that the perfect pool may require some technical knowledge, as a miner, you’ll always have the option to move to a different pool in the future. To counter fiat’s inherent problems of inflation, Bitcoin Cash’s halving event happens automatically, either every four years or when 210,000 blocks have been mined, whichever comes first. The first BCH halving took place on April 8, 2020 that marked the end of the era for miners earning 12.5 BCH per mined block. The next halving will cut down the block reward to 3.125 BCH, which is estimated to take place in March 2024.

All in all, we have an ultimate guide that covers all the basics of cryptocurrency mining. Bitcoin Cash appeared on August 1, 2017, as a result of a fork in the Bitcoin how to check rarity of nft network. The reason for the fork was the fact that the community could not come to a unanimous opinion on the further development of the first cryptocurrency.