How long does it take to mine a bitcoin?
Don’t know how long does it take to mine a bitcoin? Read here!
On average, 1 bitcoin is mined every 10 minutes, considering you are using powerful machines. The rigs involved in creating the new block split the reward among themselves. This reward is currently set at least 12.5 bitcoin but can change because of halving.
The speed of your mining will depend on the equipment that you’re using as well as the amount of competition. If you choose to use your old home computer or laptop to mine bitcoin, it can take you years in order to even get close in creating a single block. Even then, you would be beatenby the more powerful ASIC equipment.
Additionally, your power consumption for such a long time can quickly outweigh the bitcoin you generated. Thus, you need to consider joiningbitcoin mining pools instead