SMU Data Science Review

Article Title

How Long Does It Take to Mine 1 Bitcoin Depending on Your Device?

Authors

Nicoleta Balan, Coindoo

Abstract

As the price of Bitcoin continues to seesaw between bullish and bearish candlestick patterns, those who can’t afford to buy the currency may continue to wonder: How long does it take to mine 1 Bitcoin? If you are one of these people, then we have good news for you because we will try to answer this question in this article.

First of all, we must consider that BTC mining is no longer what it used to be ten years ago when anyone with a PC could mine Bitcoin. However, nowadays, it is almost impossible to mine Bitcoin because of a number of factors. To get a clear view of why things have changed, let’s start by analyzing the process of mining.