Is bitcoin profitable in mining

1.

It's about 37 yuan

let me first introce the reward mechanism of bitcoin system

bitcoin can basically dig out a block every 10 minutes through system settings. The reward for each block is given to the miners who dig out the block. The miner who digs out the block is called the block miner. The block miner will record the legal transactions in the bitcoin network to the blockchain, so that the miner can receive the service charge for bookkeeping

there are two parts in the reward for the block Miner: one part is the reward given by the system, which is called coinbase reward (also known as system issuance reward), the other part is the reward for bookkeeping, which is called miner's fee. The coinbase reward started with 50 bitcoins. For every integral multiple of 210000 blocks, the coinbase reward will be halved. This is what we often hear about bitcoin mining reward halved in four years

at the present stage, the reward of coinbase is 12.5 bitcoins. At the present stage, the average transaction miner fee received by miners for digging out a block is about 0.1 bitcoin (not fixed), that is to say, the average reward received by miners for digging out a block is about 12.6 bitcoin

about 99% of miners' rewards come from the system's coinbase rewards. According to the bitcoin system, one block can be g out every 10 minutes on average. The number of new blocks that can be g out in one day is 144 (60 * 24 / 10 = 144). At present, the number of bitcoins that can be g out every day is 1800btc (144 * 12.5btc = 1800btc). With the miner's fee of about 0.1btc per block, the total reward for all miners in one day is about 1814.4btc

2. Bitcoin is the most popular virtual internet currency in the world. It can also buy a lot of things now. This kind of virtual currency can be obtained through the function of mining machine.? So how to get bitcoin? First of all, your computer should be installed with the latest version of bitcoin client. After opening the client, it will automatically download all the transaction information data on the network to the local. Depending on the network speed, this process may take several hours. At this time, your account balance is 0, you can ask your friends to send you some coins, but there are two more feasible ways: one is to do business, the other is to do mining. Many domestic users choose the second way, that is to do mining. More and more people are willing to work as miners themselves and let their computers proce bitcoin! It sounds tempting - just one computer can make money! The bitcoin g up by yourself as a miner can be converted into real RMB at bitcoin China trading platform! Now the threshold is higher than before. It's better to need professional computers. The difficulty of bitcoin mining is directly proportional to the amount of money that has been mined. The more difficult it is to mine, the more difficult it will be. After 20 million bitcoins are mined out in 2030, the remaining 1 million bitcoins will probably take decades to be mined out. At present, if the computer is on 24 hours, it will take about three months to dig a bitcoin.

3. Bitcoin, is it a little late for you to participate now! In the early days, people didn't pay attention to bitcoin at first. Later, under the social and other purposes of hype, the value of bitcoin soared. Recently, bitcoin seems to be in a state of collapse. Bitcoin is a good tool for money laundering. Now you are doing the final takeover when you participate in bitcoin. I would like to advise you that it is more and more difficult to take part in risky things. One is your capital. The other is that you know it's too late,

4. At present, the most popular way of bitcoin trading is contract trading. According to the rise and fall of the price, it is far better to obtain income than the traditional mining and direct trading. After all, there is no need to really hold virtual currency, just need to judge whether the price is up or down, which is very suitable for the existing investors, simple and convenient

5. After the price of bitcoin reached its peak in 2017, the price began to fall all the way below the mining cost price, and countless miners suffered serious losses. At present, the price of bitcoin has stabilized and rebounded in 2019, and the mining price is profitable. At present, many well-known blockchain leaders have begun to lay out mines. Xiaoju, the capital boss of cloud chain, said that the next two years will be the prime time for miners, Wall Street is speeding up its approach

6. The price of bitcoin has gone up abruptly, and the old miners who left the mine have begun to return. Many new people have also poured into the mining instry. However, the price has gone up, and the difficulty of mining bitcoin is also rising. How can we make money from mining now
- - talking about the mining cost of bitcoin -
the first thing to consider is the cost if you want to make money. If the profit is greater than the cost, it is worth doing. We all know how much bitcoin costs, so let's calculate the cost
1. Mining machine cost: the "number" of bitcoin is a problem-solving process, which can't be calculated by human brain alone. Therefore, mining people need to buy mining machines and keep calculating. The more mining machines, the stronger the computing power
2. Electricity charges: mining machines are big consumers of high power. How much electricity does it consume? Let's put it this way. At present, the electricity consumption of bitcoin and Ethereum mining has surpassed Jordan, Iceland, Libya and other small countries, ranking 71st among all countries and regions in the world. You want to cry when electricity is expensive
3. The rent of the place where the mining machine is placed: because the mining machine consumes a lot of electricity, the power supply load of ordinary residential buildings can not be guaranteed at all, so the mining must rent a commercial site separately, and the rent is much more expensive than that of ordinary residential buildings
4. Operation cost: in order to ensure the computing power, the high-power mining machine needs to work 24 hours, which requires someone to maintain it at any time. When the mining machine is in trouble, the cost of hiring someone is required; At the same time, the mining machine is very delicate. If it is too hot or too cold, the vegetables will be stopped. Therefore, the measures of cold air and cold water insulation are needed to help the mining machine run. This is another expense
5. Mining machine update cost: because bitcoin is becoming more and more difficult to dig, the machine that was able to dig a month ago may not be able to dig anything today, and the market will also launch mining machines with greater computing power. The original mining machine is not worth money immediately. If you want to maintain computing power, you need to buy mining machines again
the above bitcoin mining costs all have a marginal effect, that is, the larger the volume is, the lower the corresponding cost will be. Therefore, some super large mines have been built
bitcoin g in the mine will enter the mine pool and be distributed by all participants. Large mines will be built in places where labor and electricity are cheap, such as Venezuela, the legendary miner's paradise, or Iceland, where the climate is favorable and electricity is cheap
as for the cost, everyone will be different. Let's take a look at an average: in 2017, according to the data of elite fixtures, a research institution, Venezuela is the cheapest of 115 mining countries, which is 513 US dollars, while South Korea is the most expensive, which is 26170 us dollars
China's mining cost is US $3172, which is relatively low among 115 countries. However, the cost is an average value. Large mines with low electricity prices must be much lower. If you are a lone ranger, the cost will rise sharply
in a word, if you really want to make money by mining, first of all, unless you are rich enough to build a mine with thousands of machines, you'd better join a mine to dig together. Although you have to share the money, it's still appropriate in the long run because it can greatly rece costs and improve computing power
secondly, whether you dig by yourself or join the mine, you must choose the place with low electricity cost, and the city with abundant hydropower resources is preferred, because hydropower is the cheapest source of power generation in China at present.

7. There should be no money to earn. Mining is becoming more and more difficult and expensive. In the end, it may not be worth the loss. You can go to the coin pack website to learn about it