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Bitcoin Essentials

You're reading from   Bitcoin Essentials Gain insights into Bitcoin, a cryptocurrency and a powerful technology, to optimize your Bitcoin mining techniques

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Product type Paperback
Published in Feb 2016
Publisher
ISBN-13 9781785281976
Length 130 pages
Edition 1st Edition
Tools
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Author (1):
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Albert Szmigielski Albert Szmigielski
Author Profile Icon Albert Szmigielski
Albert Szmigielski
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Toc

Profitability of mining

As we have mentioned earlier, the Bitcoin network hash rate is really high now. Mining with a CPU is no longer guaranteed to bring in profits. This is due to the fact that, during the mining process, you are competing with other miners to try to solve a block. You will be at a disadvantage if those other miners are running faster hardware, as your hardware can only make a certain amount of guesses (hashes) in a given time frame.

To compare the mining speed of a few CPU's, look at the following table:

CPU

Mining speed (KH/s)

Power used (Watts)

# of cores

Athlon 64 X2 5600+

6.07

89

2

Athlon II X3 425

9.5

125

4

Phenom II X4 955

22

125

4

FX-8120

46

125

8

FX-8350

65

125

8

Core 2 Quad Q6600

9.68

100

4

Core 2 Quad Q9550

32.2

125

4

Core i3-2130

23

65

4

Core i5-2500K

48

90

4

Core i5-3570K

55

90

4

Core i7-3930K

98

200

12

Table. 2.1: Comparison of mining speed of CPUs

As you can see, CPU's do not hash very fast. The fastest...

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