How much the cost for mining BTC?

How much does it cost to mine bitcoin in 2019?
How long does it take to dig a bitcoin?
Bitcoin's mining cost is getting higher and higher. For miners, the amount of mining depends on the price of Bitcoin. If Bitcoin is not good, they will consider reducing mining.

What is the hash value?

How long does it take to dig out a bitcoin block? Miners use hash values ​​to solve encryption math problems during mining, so it is necessary to understand the hash value. Hash is a set of binary values ​​obtained by encrypting the contents of a file. It is mainly used for file verification or signature. It is calculated according to the size, time, type, machine, etc. of the file. It is easy. It will change, no one can predict how much the next number is, nor change his software. Therefore, we usually use it to check whether the two files are the same. Due to the monopoly of large mining sites, the accumulated hash value of Bitcoin is increasing almost every day, which makes the mining of mines more difficult.

How long does a bitcoin have to dig?

A bitcoin is split into 8 decimal places based on the current data structure, which is 0.00000001BTC. The smallest unit mined by miners to bitcoin is 0.00000001BTC. With more and more people mining, the difficulty of mining is also getting bigger. Before 2014, a person can also mine with ordinary computers, and now it is almost impossible for a person to mine. If Bitcoin’s computing power reaches 236 trillion hash collisions per second, which is equivalent to the number of water droplets in more than 200,000 50-meter-long swimming pools, even with such a large amount of computing power, it takes about 10 minutes to collide. The hash value, according to the current speed, if the computer is turned on 24 hours, it takes about 3 months to dig a bitcoin.

How much does it cost to dig a bitcoin?

Digging bitcoin is excavated by high-power computer-specific encryption algorithms, so the speed of digging bitcoin depends on the computing power of your computer.
For example: The cost of the ant mining machine S9 is 800 US dollars, the calculation power of the mining machine is 13TH/S, and it can only dig up 0.02 bitcoin in one month without interruption, and dig out according to the operation method of this mining machine. Bitcoin will take longer, and it takes 50 months to dig a bitcoin.

Let's take a look at the cost of the electricity bill. According to the power of the bitcoin mining machine, the power consumption of the bitcoin mine is 1350W. The power consumption of the mine machine is about one kilowatt hour per hour of operation. The electricity is 24 kilowatts per day. The electricity fee is 8 cents per minute (in China). The monthly electricity cost is 576 yuan, so the cost of digging a bitcoin is about 28,800 yuan.

The total network computing power of Bitcoin has been continuously increasing.

According to Tokenview data, the real-time computing power of Bitcoin's entire network reached 75.17EH/S as of September 2, 2019, which indicates the time for digging a bitcoin. Longer, the cost will increase a lot. In fact, the process of digging bitcoin depends on many factors.
The biggest cost is in electricity bills. In many countries, the electricity bill is different, which also causes the cost of bitcoin mining to be different.