GangnamGlitzGlamourGlory
Fri Jun 07 2024
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5 answers
808
How long does it take to mine 1 Bitcoin? | How Long Does It Take to Mine 1 Bitcoin? The reward for mining is 3.125 bitcoins. It takes the network about to mine one block, so it takes about 10 minutes to mine 3.125 bitcoins. 10 minutes
Could you please clarify the time it takes to mine a single Bitcoin? I understand that the reward for mining is currently set at 3.125 bitcoins, but I'm wondering about the specific duration it requires for the network to successfully mine one block. Given this reward structure, does it indeed mean it only takes approximately 10 minutes to mine the entire 3.125 bitcoins? Is this 10-minute estimate accurate and consistent?
