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Author Topic: How long does it usually take to mine a bitcoin block?  (Read 81653 times)
Raura180912
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April 03, 2014, 10:51:33 PM
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i'm mining with bitminter client with my GPU that is an "ATI Radeon Caicos PRO Prototype" with a speed of 20Mhps.. how long does it take to make 1 bitcoin mining this way Huh does it worth it? or how to easily get bitcoins fast for free??? i don't wanna buy bitcoins...  Lips sealed
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DannyHamilton
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April 03, 2014, 11:04:26 PM
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i'm mining with bitminter client with my GPU that is an "ATI Radeon Caicos PRO Prototype" with a speed of 20Mhps.. how long does it take to make 1 bitcoin mining this way Huh does it worth it?

At current difficulty, if you mine in a pool, you will probably mine about 0.00001406 BTC per week.  That means, if difficulty doesn't increase at all, it will take about 71123 weeks (about 1367 years) to mine 1 BTC.  Of course difficulty will almost certainly increase during that time.  As such, it is quite possible that it will take more than 6000 years to mine 1 BTC.

or how to easily get bitcoins fast for free??? i don't wanna buy bitcoins...  Lips sealed

In case you hadn't figured it out yet, bitcoins are money.  As such, what you are saying is:

"How to easily get money fast for free??? I don't wanna earn money... Lips sealed"

There is no magic here.  You give something of value (product, time, service, etc) and in exchange you get something of value (bitcoins).  That's the way the world works.
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April 03, 2014, 11:07:37 PM
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how to easily get bitcoins fast for free??? i don't wanna buy bitcoins...  Lips sealed
Since Danny answered the first part of your question I will answer the second part:  steal them?

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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April 03, 2014, 11:07:46 PM
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u must buy if you want some Smiley, mining now is only for professionals
Raura180912
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April 03, 2014, 11:44:56 PM
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i'm mining with bitminter client with my GPU that is an "ATI Radeon Caicos PRO Prototype" with a speed of 20Mhps.. how long does it take to make 1 bitcoin mining this way Huh does it worth it?

At current difficulty, if you mine in a pool, you will probably mine about 0.00001406 BTC per week.  That means, if difficulty doesn't increase at all, it will take about 71123 weeks (about 1367 years) to mine 1 BTC.  Of course difficulty will almost certainly increase during that time.  As such, it is quite possible that it will take more than 6000 years to mine 1 BTC.

or how to easily get bitcoins fast for free??? i don't wanna buy bitcoins...  Lips sealed

In case you hadn't figured it out yet, bitcoins are money.  As such, what you are saying is:

"How to easily get money fast for free??? I don't wanna earn money... Lips sealed"

There is no magic here.  You give something of value (product, time, service, etc) and in exchange you get something of value (bitcoins).  That's the way the world works.


but i was thinking about mining bitcoins and then exchange it with dollars or ££££. maybe i should sell stuffs and set as payment method "Bitcoins" only. it seems to be the only way to have bitcoins for free.
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April 04, 2014, 12:15:11 AM
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Why do you think Bitcoins are free or should be free or that you should be able to get them for free?  What on Earth every gave you this idea?

maybe i should sell stuffs and set as payment method "Bitcoins" only. it seems to be the only way to have bitcoins for free.

This is not getting Bitcoins for free.  It is a trade of something of value for Bitcoins.  Not free.  Maybe you don't know what "free" means or maybe I don't understand what you mean by "free".

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
silamb
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April 04, 2014, 04:52:35 AM
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Forget mining you cannot make ROI mining using your card. You better sell it and purchase bitcoin directly. Right now bitcoin price is very low.
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April 04, 2014, 11:24:48 AM
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You should use a pool and stronger miner

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April 05, 2014, 10:44:09 AM
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does it worth it? or how to easily get bitcoins fast for free??? i don't wanna buy bitcoins...  Lips sealed

No, the electricity cost is higher than your bitcoin revenue.
No, there is no way to get bitcoin for free.

You can sell your goods or provide services for bitcoin, but it is not really free.
Even for doing faucets, you are still spending time on the sites, and giving site owner hits for the ads. Smiley

vnvizow
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April 05, 2014, 11:47:40 AM
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Try a signature deal maybe?
DannyHamilton
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April 05, 2014, 12:52:48 PM
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The bots are getting smarter and smarter. Cheesy

At this rate, the bots are eventually going to get so smart that they'll be worth keeping around because they'll be giving good advice and offering correct answers to complex questions.

cookiemonsterwhat
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April 05, 2014, 03:04:44 PM
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Or you just buy it cheap when its low. I know its against you wanting to spend money, but its a huge potential profit of earning $40 + profit because you did that instead of waiting long time for 1 btc.
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April 05, 2014, 03:17:08 PM
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The bots are getting smarter and smarter. Cheesy

At this rate, the bots are eventually going to get so smart that they'll be worth keeping around because they'll be giving good advice and offering correct answers to complex questions.

I don't really mind having such bots lol. Cheesy


poopsquad123
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April 05, 2014, 04:18:53 PM
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I wouldn't recommend mining now as the market is very unstable and the btc value can change instantaneously. I would recommend buying a better graphics card and mining after 3-4 months when the market settles down so the difficulty will decrease and the value will increase
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April 05, 2014, 05:49:55 PM
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I wouldn't recommend mining now as the market is very unstable and the btc value can change instantaneously. I would recommend buying a better graphics card and mining after 3-4 months when the market settles down so the difficulty will decrease and the value will increase
Graphics card?  To mine Bitcoin?  So... basically you are a noob who is just talking out of your ass, right?

You cannot use a graphics card to mine Bitcoins now, let alone in 3-4 months.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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April 05, 2014, 05:51:15 PM
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i'm mining with bitminter client with my GPU that is an "ATI Radeon Caicos PRO Prototype" with a speed of 20Mhps.. how long does it take to make 1 bitcoin mining this way Huh does it worth it? or how to easily get bitcoins fast for free??? i don't wanna buy bitcoins...  Lips sealed

Basically never with a GPU....
Try an ASIC for BTC or put your card to work mining scrypt(n,jane, adaptive-n),x11,sha-3,or blake256 coins. Personally I see potential in x11. 

Peter882
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April 05, 2014, 06:42:55 PM
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i'm mining with bitminter client with my GPU that is an "ATI Radeon Caicos PRO Prototype" with a speed of 20Mhps.. how long does it take to make 1 bitcoin mining this way Huh does it worth it? or how to easily get bitcoins fast for free??? i don't wanna buy bitcoins...  Lips sealed

Basically never with a GPU....
Try an ASIC for BTC or put your card to work mining scrypt(n,jane, adaptive-n),x11,sha-3,or blake256 coins. Personally I see potential in x11. 

OP gets only 20 MH/s on sha256. With such a low-end GPU, I think he should simply forget about mining.
Edit: Fix a typo.

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April 05, 2014, 09:16:59 PM
 #18

That can depend on many factors of difficulty and blah other factors.  Do some research

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April 05, 2014, 11:50:10 PM
 #19

The time to mine BTC was back 3 years ago - so if you find a way to go back in time call me. Jokes aside, mining is best left to those crazy people who have the capital to try such a thing - at the moment it'll just net you a loss (break even if you have cheap electricity) and definitely not using GPUs. You want to use GPUs, go look into setting up a script farm with actual GPUs, not old crap from 10 years ago.
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April 06, 2014, 07:36:45 AM
 #20

Yes, there is no reason to use 20mh/s to mine BTC, you can try scrypt, but even then you will most probably burn more money in electricity then earning.
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