How long does it take to mine Bitcoin? Part(3/7)
category: Cryptocurrencies

Bitcoins mining takes a lot of time because  it is a complex process. And how long the process will be depends only on the power of your computer. Consider two options:


Processor number 1: CPU, AMD Phenom II X4 810

Processor number 2: GPU, AMD(ATI) Radeon 6990

In the first case, the process of Bitcoin mining will take about ~ 3 years. In the second case, the same process will take ~ 203.

But any adequate person, having even a powerful computer will not want to wait three years to obtain Bitcoin. Therefore, there is such a thing as a "mining pool". The idea is to combine the efforts of multiple computers for mining Bitcoin. And in consequence of the award is distributed among the pool participants.

<<How to get a Bitcoin? Part(2/7) | How much energy is needed for mining Bitcoin? Part(4/7)>>

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