To date, over 18 million Bitcoins have been put into circulation via this block reward mechanism. There are several web-based profitability calculators that miners can use to analyze the cost-benefit of bitcoin mining. Before getting started, miners are encouraged to run analysis before getting into Bitcoin (BSV) mining. Please enable Cookies and reload the page. On the other hand, Ethereum transactions take about 10 seconds, while Bitcoin blocks need 10 minutes for new chains to add. According to industry sources, 14 million Ethereum blocks have been mined already, compared to 700,000 for Bitcoin. Ethereum miners earned around $17 billion in 2021, while Bitcoin miners earned around 13.6 billion. A mining computer’s total hashrate, or calculations per second, denotes the mathematical processing power of a computer or group of computers mining bitcoin. Higher hashrates are better. As bitcoin supply decreases, mining difficulty increases. Your mining rig needs a higher hashrate to compete with other miners. High-end mining hardware for Bitcoin has a hashrate of around 100 hashes per second. https://crypto-indonesia.com/