Bitcoin mining is a process that allows Bitcoin to be created and circulated within the Bitcoin network. Miners use specialised hardware and software to solve complex mathematical problems, and in doing so they are rewarded with Bitcoin.
The amount of Bitcoin that a miner can earn is directly proportional to their hashrate – that is, the speed at which they are able to solve the mathematical problems.
A hashrate of 1 TH/s (terahash per second) is equivalent to 1,000 GH/s (gigahashes per second). Currently, the highest hashrate achievable by a single piece of consumer hardware is around 44 TH/s, and is achieved by the Bitmain Antminer S9.
NOTE: WARNING: Mining Bitcoin with a GTX 1070 is not as profitable as it used to be, due to the difficulty of mining Bitcoin. The amount of Bitcoin you can mine with a GTX 1070 is limited, and there is no guarantee that you will be able to mine any Bitcoin at all. Additionally, there are other costs associated with mining Bitcoin such as electricity usage which can be high depending on the region you are in. Please do your own research into the profitability and viability of mining Bitcoin before investing in any hardware for that purpose.
So, how much Bitcoin can you mine with a 1070? If we assume that you have access to an Antminer S9 and you are able to run it at its maximum hashrate of 44 TH/s, then you would be able to mine approximately 0.0024 BTC per day.
This would give you a return on investment (ROI) of around 150 days – that is, it would take you 150 days to earn back the cost of the Antminer S9 through Bitcoin mining.
Of course, this is just a hypothetical example – in reality, your hashrate will be lower and your ROI will likely be higher. However, it should give you an idea of how much Bitcoin you can expect to mine with a 1070.
3 Related Question Answers Found
As of right now, the short answer is “somewhere between 24-30 MH/s”. The long answer is a bit more complicated than that. Let’s start with a quick overview of what Bitcoin mining is and why 1070ti’s are good for it.
As the value of Bitcoin continues to rise, so does the amount of electricity needed to mine it. This means that miners need to invest in increasingly powerful hardware to remain profitable. The GTX 1080 is a high-end graphics card that is popular among gamers and miners alike.
As the world’s first and most well-known cryptocurrency, Bitcoin has had a long and eventful history. In the early days of Bitcoin, mining was performed by individual computers running the Bitcoin software. As the network grew and became more decentralized, people began to pool their resources together in order to increase their chances of winning a block reward.
