I Calculated How Many Bitcoin Miners It Takes to Find a Block

🔗 Bitcoin Solo Mining Calculator: http://www.redfoxcrypto.com/solo

Ever wondered how much Bitcoin mining power it actually takes to mine a Bitcoin block?

Most people assume there’s some magic hashrate number where mining a block becomes "likely." The reality is much more interesting. Bitcoin mining is a probability game, and even a tiny home miner like a Bitaxe has a chance of finding the next block.

In this video, I break down the math behind Bitcoin mining odds, show you how to calculate your chances of finding a block, and reveal how many miners it would take to reach different probability targets. We compare everything from a Bitaxe Gamma to industrial ASIC miners like the Antminer S21 XP and explore what it would actually cost to achieve a meaningful chance of mining a Bitcoin block.

You’ll learn:
• How Bitcoin mining probability works
• How to calculate your odds of finding a block
• How many Bitaxes it takes for a 1% chance in one year
• How many S21 XPs it takes for a 50% chance in one year
• Why people solo mine despite the odds
• The role of learning, hobby mining, and the Bitcoin lottery

🔗 Bitaxe Miner: https://geni.us/getbitaxe
▶ How To Set Up a Bitaxe to Mine Bitcoin: https://youtu.be/q7c00PE7khk

Links to support the channel:
₿ Where I Buy Bitcoin w/ NO FEES: https://geni.us/getriver
🟠 Easy Crypto Mining with NiceHash: https://geni.us/nicehash
💰 Track Your Investments w/ DELTA App: https://geni.us/getdelta
🔒 Hardware Wallet I Use: https://geni.us/getledger
💸 Crypto Tax Software I Use: https://geni.us/IjAa

Chat with me:
👋🏻 Discord: https://discord.gg/Kaf4dDXGJz
💬 Twitter/X: https://twitter.com/redfoxcrypto

Video Chapters:
00:00 How Much Hashrate Do You Need?
00:24 Can Any Bitcoin Miner Find a Block?
00:52 Bitaxe Mining Explained
01:23 Bitcoin Mining Odds Math
02:13 The Real Odds of Solo Mining
02:51 How Much Hashrate for a 1% Chance?
03:17 You Need 159 Bitaxes
03:48 Comparing Home Miners vs ASICs
04:05 Antminer S21 XP Example
04:29 How Many ASICs for a 50% Chance?
05:02 The $171,000 Bitcoin Block
05:39 Why People Solo Mine Bitcoin
06:38 Bitcoin Mining as a Learning Tool
07:25 The Bitcoin Lottery
08:04 Get Started Mining Bitcoin
08:20 Buy Bitcoin With No Fees

#cryptomining #bitcoin #bitcoinmining #asicmining #bitaxe