When it comes to Bitcoin, there is no doubt that 2017 has been the year of the cryptocurrency. With its value increasing exponentially, more and more people are looking into ways to get their hands on some Bitcoin. One popular way to do this is through mining. Mining is the process by which new Bitcoins are created and added to the blockchain.
In order to mine Bitcoin, you need a special piece of equipment called an ASICS miner. The most popular ASICS miner on the market is the Antminer S9. So, how much Bitcoin can Antminer S9 produce?.
To answer this question, we need to first understand how mining works. When a Bitcoin transaction is made, it is verified by miners who then add it to the blockchain. In order to be rewarded for their work, miners are given a certain number of Bitcoin. The amount of Bitcoin given as a reward halves every 210,000 blocks mined (approximately every 4 years).
As of right now, miners are rewarded with 12.5 BTC per block mined.
So, how much can Antminer S9 produce? Well, it depends on a few factors. The first is the hashrate of the miner. Hashrate is a measure of how many hashes per second the miner can compute.
The higher the hashrate, the more blocks can be mined and the more Bitcoin can be earned as a reward. The Antminer S9 has a hashrate of 14 TH/s, meaning that it can mine 14 trillion hashes per second.
The second factor that affects how much Bitcoin an Antminer S9 can produce is the difficulty of the network. Difficulty is a measure of how difficult it is to find a valid block.
The higher the difficulty, the more hashes must be computed in order to find a valid block and earn a reward. As difficulty increases, so does the hashrate required to mine at the same rate (in other words, you need a higher hashrate to mine at the same rate as difficulty increases).
Right now, the difficulty of the Bitcoin network is approximately 5 billion. This means that in order to earn one whole Bitcoin as a reward (12.5 BTC), 5 billion hashes must be computed by an Antminer S9 miner operating at full capacity (14 TH/s). Dividing 5 billion by 14 trillion gives us 0.
00003571 as our answer – an Antminer S9 can produce approximately 0.00003571 BTC per second under current conditions.
To put this in perspective, if an Antminer S9 was turned on today and left running for 24 hours straight, it would produce approximately 0.00853424 BTC in that time period – worth approximately $140 USD at today’s prices.
Of course, electricity costs must also be taken into account when calculating earnings from mining – typically, an Antminer S9 will consume around 1350 watts of power when mining at full capacity.
So there you have it – that’s how much Bitcoin an Antminer S9 can produce under current conditions! Of course, as time goes on and conditions change (such as difficulty or price), these numbers will change as well – but this should give you a general idea of what you can expect from an Antminer S9 in terms of earnings potential.