Skip to Content
Bitcoin Essentials
book

Bitcoin Essentials

by Albert Szmigielski
February 2016
Beginner
130 pages
2h 43m
English
Packt Publishing
Content preview from Bitcoin Essentials

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 ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

Bitcoin for the Befuddled

Bitcoin for the Befuddled

Conrad Barski, Chris Wilmer
Cryptocurrencies and Blockchain Technology Applications

Cryptocurrencies and Blockchain Technology Applications

Gulshan Shrivastava, Dac-Nhuong Le, Kavita Sharma
Learn Bitcoin and Blockchain

Learn Bitcoin and Blockchain

Kirankalyan Kulkarni

Publisher Resources

ISBN: 9781785281976