im new to this biticoin mining, i justed to know is it going to earn me anything soon where my mining speed is at 30.9945165416H/s and 72.9945165416H/s really? how long can it take me to get 1 BTC

like for; 30.9945165416H/s how many days

72.9945165416H/s how many days

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  • Do you really mean H/s? Not GH/s or TH/s? – RedGrittyBrick Jan 14 at 10:30
  • how can i increase the speed using my computer to meet at least GH/s. what should be my average speed to make 1BTC atleast in a month and kindly note that im using Cryptotab browser to mine – Chibubi Jackson Jan 14 at 16:24
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    @ChibubiJackson You can't. You're trying to mine bitcoins without a bitcoin miner. See my answer -- you have a completely inappropriate tool and are competing against people who have the right tools. You will never, ever win. – David Schwartz Jan 14 at 16:29
  • what startup hardware can i use and how much can it be? – Chibubi Jackson Jan 14 at 16:31
  • like this one Bitmain Antminer S9i, and how many BTC can i mine in a month? – Chibubi Jackson Jan 14 at 16:42

It would never, ever happen. The increase in difficulty and the reduction in mining reward would mean that you would never, ever accumulate anywhere near 1 BTC with a mining speed that low. You would need to be more than a billion times faster.

Mining is perfectly competitive. Trying to mine with hardware like that is like trying to win a race to build a suspension bridge across a massive river using teaspoons and toothpicks when other people have flat beds full of steel and steamshovels.

Update: "kindly advise which one of theses two can i buy ..."

Why? Why would you want to enter a business you don't understand? I don't understand tailoring, so I'm not going to go out and buy the stuff to have a tailoring business. Having a bitcoin mining business requires you to get everything right because it is absurdly competitive. Were you to just get an S9i and hook it up in your home, you'd lose $45/month. And that assumes you don't need additional air conditioning to get rid of the 1.3Kw of heat it generates.

Update: I just read their FAQ -- they're not mining bitcoins at all, "In fact, CryptoTab software is mining Monero(XMR) and then converts them to Bitcoins in accordance with the current exchange rate, that is why your balance is displayed in BTC.".

I re-did the math using Monero, and I got a best case yield of minus $6/month. The exact amount depends on your electricity cost. That assumes you personally keep 100% of your mining reward, which I'm pretty sure you don't since you're in someone's downline and are paying for conversion to BTC and whatnot.

It seems like an obviously bad idea though. What's the benefit of combining the mining program with a browser? What conceivable advantage does that have over a separate mining program? And there are obvious downsides -- if I want to change mining programs, mining pools, or which coins I'm mining, I have to change browsers!

  • how can i increase the speed using my computer to meet at least GH/s. what should be my average speed to make 1BTC atleast in a month and kindly note that im using Cryptotab browser to mine – Chibubi Jackson Jan 14 at 16:25
  • You can't. You have a computer and are competing against people with bitcoin miners. You are competing with people who have equipment that is more than a billion times more efficient than what you have. That is utterly pointless. – David Schwartz Jan 14 at 16:28
  • whaat startup hardware can i use – Chibubi Jackson Jan 14 at 16:30
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    @ChibubiJackson You saw a business pitch involving getting your friends to get their friends onboard and you thought that sounded like a good idea?! Has there ever been an MLM scheme that wasn't a scam? Here's the obvious biggest red flag ever -- nowhere do they give you any clue what your earnings might be from ANY source other than getting other people to use the system. How can that work? Someone has to actually generate revenue for their to be anything to flow up from a downline, right? – David Schwartz Jan 15 at 2:26
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    @ChibubiJackson: The largest private Bitcoin mining company in the world recently started shutting down some of its Bitcoin mining farms. If they can't make a profit in the current market, you have to be much smarter than them to do so. You need very cheap electricity and a large investment in equipment that may only be economically viable for a short while. It isn't the sort of business you should go into without long detailed careful preparation and planning. – RedGrittyBrick Jan 15 at 11:41

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