LMX-How to mine one Bitcoin per day

in mining •  7 years ago  (edited)

You will be wondering how much Hashrate is required to mine one bitcoin per day. Let us solve that math problem. Shall we... Here we go...

Block Reward on Nov 2 = 12.5 BitCoin

To get one bitcoin you need to find a block in every 12.5 days

Converting 12.5 days into seconds 12.5x24x60x60= 1080000 seconds

Difficulty on Nov 2=1452839779146

Time=Difficulty × 2^32/ Hashrate

Hash rate =difficulty × 2^32/time

= 1452839779146 × 2^32/ 1080000

‎This will give in Hashes/second

‎Convert to Tera Hash
1 Kilo Hash= 1000 Hash
1 Mega Hash= 1000 Kilo Hash
1 Giga Hash= 1000 Mega Hash
1 Tera Hash= 1000 Giga Hash

To convert to Tera Hash let's divide above hash rate by 1000×1000×1000×1000

You need 5777.7 Tera Hash
Or 5.8 Peta Hashes
‎5.8 PH/s

Source:
https://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block.3F
Google.com

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https://steemit.com/storj/@lmx3881/lmx-block-chain-for-distributed-storage-storj

Find all my posts here:
https://steemit.com/post/@lmx3881/lmx-find-all-my-posts-here-in-chronological-order-20171024t172935458z

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