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Author Topic: How long to mine 1.0 BTC ?  (Read 3113 times)
jr24 (OP)
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November 12, 2014, 10:08:18 AM
 #1

Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?

Say the scenario/setup is as follows:

- 7970 GPU (500 avg Mhash/s)
- 24/7 operation
- Slush's pool (or similar)

Thank you
sl0n
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November 12, 2014, 10:22:04 AM
 #2

Hi, you can calculate it here: https://bitcoinwisdom.com/bitcoin/difficulty
Unacceptable
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November 12, 2014, 10:25:26 AM
 #3

Or here   https://alloscomp.com/bitcoin/calculator   Wink

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
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zetaray
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November 12, 2014, 10:28:53 AM
Last edit: November 13, 2014, 10:18:26 AM by zetaray
 #4

You could probably get 0.000001btc per day which takes forever to reach 1btc. Give up the idea of mining bitcoin with GPU, that is what I am saying.

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jr24 (OP)
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November 12, 2014, 10:30:56 AM
 #5

Thanks for the links.

1st one showed me a near 0.1 TBC monthly gain, 2nd near 0.2.

Not sure I did this right but does 6-12 months for 1 coin sound about right?
You could probably get 0.000001btc per day which takes forever to reach 1btc. Give up the idea wot mining buffoon with GPU, that is what I am saying.
Yeah pal I'm not planning to mine with the GPU(nor at all really), just curious.
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November 12, 2014, 11:33:41 AM
 #6

Thanks for the links.

1st one showed me a near 0.1 TBC monthly gain, 2nd near 0.2.

Not sure I did this right but does 6-12 months for 1 coin sound about right?
You could probably get 0.000001btc per day which takes forever to reach 1btc. Give up the idea wot mining buffoon with GPU, that is what I am saying.
Yeah pal I'm not planning to mine with the GPU(nor at all really), just curious.
Try mining scrypt11 in multipools which pay in BTC. You will earn alot more Wink
rammy2k2
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November 12, 2014, 04:44:15 PM
 #7

Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?

Say the scenario/setup is as follows:

- 7970 GPU (500 avg Mhash/s)
- 24/7 operation
- Slush's pool (or similar)

Thank you

a few years i guess ...
SpanishSoldier
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November 12, 2014, 10:22:53 PM
 #8

Thanks for the links.

1st one showed me a near 0.1 TBC monthly gain, 2nd near 0.2.

Not sure I did this right but does 6-12 months for 1 coin sound about right?
You could probably get 0.000001btc per day which takes forever to reach 1btc. Give up the idea wot mining buffoon with GPU, that is what I am saying.
Yeah pal I'm not planning to mine with the GPU(nor at all really), just curious.

0.1 BTC monthly is for 500 GHs, not 500 MHs. Days of mining from home is over. Try cloud mining.
LightningBlade
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November 13, 2014, 04:02:38 AM
 #9

Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?

Say the scenario/setup is as follows:

- 7970 GPU (500 avg Mhash/s)
- 24/7 operation
- Slush's pool (or similar)

Thank you

The answer is never for GPU. You need many Th/s for that.

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November 13, 2014, 05:23:38 AM
 #10

Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?

Say the scenario/setup is as follows:

- 7970 GPU (500 avg Mhash/s)
- 24/7 operation
- Slush's pool (or similar)

Thank you

The answer is never for GPU. You need many Th/s for that.

Very true now GPU is not profitable for most.  I sold all mine and bought coins then asics.   

1 gpu will never make 1 btc (i think safe to say) as of now.  (Small exception you happen to mine launch some asic resistant coin, and with A LOT of luck it goes up a lot)
maddog0000
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November 14, 2014, 05:07:41 AM
 #11

Gpu mining directly for Btc is obsolete now, unfortunately.
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November 14, 2014, 10:16:14 AM
 #12

use one of the above mentioned calculators, it will be a very long time.
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November 14, 2014, 10:33:14 AM
 #13

I made a VERY rough estimation and the result is over 350 years. And halving is not counted!!

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Seketsuna
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November 15, 2014, 11:51:12 AM
 #14

Don't mine BTC better mine random altcoins. your equipment will give up before you can mine a 1btc
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November 16, 2014, 08:37:24 PM
 #15

Dont mine, sell your gpu and buy BTC
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November 16, 2014, 10:46:04 PM
 #16

Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?

Say the scenario/setup is as follows:

- 7970 GPU (500 avg Mhash/s)
- 24/7 operation
- Slush's pool (or similar)

Thank you

I am thinking it would be measured in light years...
AJRGale
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November 16, 2014, 10:51:58 PM
 #17

Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?

Say the scenario/setup is as follows:

- 7970 GPU (500 avg Mhash/s)
- 24/7 operation
- Slush's pool (or similar)

Thank you

I am thinking it would be measured in light years...

just to let you know, 1 light year is exactly 1 year, and you will be 9460730472580800 metres away
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November 16, 2014, 10:55:25 PM
 #18

also, you need about 3000GH/s to get 1BTC in about a months time
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November 16, 2014, 11:01:46 PM
 #19

Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?

Say the scenario/setup is as follows:

- 7970 GPU (500 avg Mhash/s)
- 24/7 operation
- Slush's pool (or similar)

Thank you

I am thinking it would be measured in light years...

just to let you know, 1 light year is exactly 1 year, and you will be 9460730472580800 metres away

You are right!  Cheesy
AJRGale
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November 16, 2014, 11:05:49 PM
 #20

Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?

Say the scenario/setup is as follows:

- 7970 GPU (500 avg Mhash/s)
- 24/7 operation
- Slush's pool (or similar)

Thank you

I am thinking it would be measured in light years...

just to let you know, 1 light year is exactly 1 year, and you will be 9460730472580800 metres away

You are right!  Cheesy


unless you count the meters as difficulty, then i'll probably accept that Cheesy
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