Three smart ways to get 1 bitcoin

How to earn bitcoin with bitcoin faucets? At the time of this writing, the cost of one bitcoin is $ 13,846, which at the current exchange rate is about 1,100,000 rubles.

Now itโ€™s hard to believe, but back in early 2010, everyone was handed out 5 bitcoins each just for solving captcha on special platforms called bitcoin faucets.

For example, let’s take one of the most popular bitcoin faucets freebitco.in with over 37 million registered users.

This bitcoin faucet allows you to earn 30 Satoshi every hour (the smallest bitcoin particle named after its creator Satoshi Nakamoto), and the withdrawal of funds becomes available after the accumulation of 30,000 Satoshi on the user’s account. Let me remind you that one bitcoin is equal to 100 million satoshi.

It turns out that in order to accumulate one bitcoin, you will need to visit the site more than 3,333,333 times. If we forget about sleep and rest, then in this way we can earn 1 bitcoin in 380 years .

It remains to be hoped that after the exploration of Mars, Elon Musk’s next goal will be a means for immortality.

Apparently, you won’t be able to quickly earn 1 bitcoin on faucets.

Well, then let’s try to mine it?

Pool mining

Once upon a time, to mine bitcoin, it was enough to install a special program on your computer. A conventional CPU processor was able to cope with this task.

But the Bitcoin network is designed in such a way that the complexity of mining new coins is constantly growing, and the complexity of the cryptographic problem being solved increases in proportion to the number of miners.

Therefore, after the processors, bitcoin was mined first with video cards, and then with ASIC miners.

 

But the competition continued to grow. Then, in pursuit of a reward, miners began to unite into pools. Pools today have accumulated such a number of capacities that it is already unrealistic to compete with them alone in the pursuit of a reward.

But on the other hand, you can register in these pools, connect your equipment to them remotely and receive a reward in proportion to the power expended. For a place in the pool, however, you will have to pay a commission from 2 to 10 percent.

During the first ever bitcoin transaction Marty Malmi, the first assistant of Satoshi Nakamoto, sent 5050 bitcoins to the account of the creator of one of the American forums, for which he received $ 5 2 cents on his PayPal account.
To join a pool, you first need to buy hardware. Take, for example, the now popular ASIC Bitmain Antminer S19, which has a hash rate of 95 TH / s (terahesh). Its cost varies around 240 thousand rubles.

Then we will select the pool we like, register in it and make the necessary hardware settings. As calculators show, in this way we will be able to earn about $ 200 per month from one ASIC device.

In this case, the payback period for one ASIC will be approximately 15 months. And we will be able to earn one bitcoin only after 42 months .

Solo mining

What if you don’t want to share? And we decided to compete with the pool. Let’s play a fun economy and calculate how many ASICs you need in this case.

In order for you to compete with such a giant, you need to purchase as many ASICs so that the power is no less than 17.83 exahashes. To do this, we will translate exaheshes into teraheshes and calculate the required number of asik miners – 187 68 pieces.

Do not forget that each device consumes 3.25 kWh. This means that such a quantity of equipment will use 14,639,352 kW of electricity per day.

For comparison, Moscow and the Moscow Region consumed approximately 7392.6 million kW of electricity in June 2020.

Apparently it’s not in vain that many criticize bitcoin for destroying the environment.

How much investment do you need?

For the miners alone, we will need a little more than 45 billion rubles.

They also require 3128 large racks with a capacity of 60 units / rack. The cost of such racks is in the region of 80 thousand rubles, which means that we will add 250 million for racks and about 44 million per month for electricity (3 rubles per 1 kW).

It is also clear that it will not be possible to place all this equipment in an apartment; you will need to rent a giant warehouse or many server rooms. You can certainly try to negotiate with your neighbors. True, in this case, the entire region will have to mine. And do not forget to warn them that they will receive a little more electricity bill next month ๐Ÿ™‚

 

How much will we earn?

Let’s take as a basis that every day we take the reward of the F2Pool pool, all the blocks go to us, and the Chinese giant is left to count the losses. For the convenience of calculation, we neglect the fluctuations in the rate and reward.

Let’s say that we manage to earn 20 blocks every day (6.25 bitcoins per block) – this is 3750 btc per month, at the current exchange rate almost 50 million dollars or 3.925 billion rubles per month. Not bad.

The third method will bring us the first bitcoin in 11 minutes .

But you need to remember about the payback of the “ASICs” themselves. Not taking into account the work of the staff and the rental of equipment, the payback is at the level of one year Interesting business when you have an extra 50 billion in your pocket.

Findings

Now you understand why mining Bitcoin alone in 2020 is not the best prospect. Only a few can afford this type of business. Therefore, in any case, you cannot do without a pool.

But on the other hand, you can quite successfully solo-mine other cryptocurrencies, because today there are already thousands of them. And then, if you wish, you can exchange the mined for bitcoin on popular exchanges or exchangers, if the purpose of accumulation is BTC.

One way or another, experts advise considering mining as a type of business with at least 1 million rubles in investments.

Catching Mining altkoinov popular, you can go on the net profit at the clock congestion in the area of 15 – 20 thousand rubles per unit..

The payback in this case will be at the level of 1.5 years. At the same time, do not forget about the high volatility of the cryptocurrency rate, as well as possible equipment breakdowns.

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