Cryptocurrency Q&A
How much Bitcoin can 1 GPU mine per day?
How much Bitcoin can 1 GPU mine per day?
Ilaria
Tue Jun 11 2024
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6 answers
1659
Could you please elaborate on the potential daily Bitcoin mining capabilities of a single GPU? I'm curious to know the approximate amount of Bitcoin that can be mined with one GPU in a 24-hour period. Given the varying factors such as the GPU's specifications, mining software, and the current network difficulty, what is a realistic estimate? Is it possible to achieve significant mining profits with a single GPU, or is it more feasible to mine altcoins or participate in mining pools? Additionally, are there any specific GPUs that are known to be more efficient or profitable for Bitcoin mining? Thank you for your insights.
6 answers
Bianca
Thu Jun 13 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a range of services that cater to miners and investors alike. Its services include spot trading, futures trading, and wallet management, providing a comprehensive platform for all cryptocurrency-related activities.
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Caterina
Thu Jun 13 2024
Cryptocurrency mining has always been a profitable endeavor for many, but with the advancement of technology, the challenges have also escalated. Using a powerful graphics card like the RTX 3090 for mining purposes is currently a common practice.
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OpalSolitude
Thu Jun 13 2024
However, the profits associated with such mining have diminished significantly. Currently, miners using an RTX 3090 can expect to earn approximately 0.00012 BTC per day. This figure might not seem significant at first glance, but it adds up over time.
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PulseEclipse
Thu Jun 13 2024
Nevertheless, the reality is stark. At this rate, it would take approximately 23 years to mine 1 BTC. This assumes that the current mining difficulty and exchange rate remain constant, which is highly unlikely given the volatile nature of cryptocurrencies.
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Tommaso
Thu Jun 13 2024
The limited supply of BTC poses another challenge for miners. As the total supply of Bitcoin nears its cap of 21 million, mining becomes increasingly difficult. This means that even with powerful hardware like the RTX 3090, miners may not be able to mine a single BTC in their lifetime.
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