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A case study recently performed on the latest asic, antminer s17, shows that mining one bitcoin per year is possible with consumer electronics. It used to be 12.5 btc until may 2020 when there was the halving and the block reward was cut in half. Setup and electricity costs mean that mining one bitcoin at home in 2020 will also cost about one btc at current prices. Every time you find a new block to add to the chain, the system gives you some bitcoin as a reward. Bitcoin mining is a transaction security and validation service done via distributed computer systems each racing to solve complex mathematical problems.
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In fact, getting nothing is what happens 99.99999% of the time when you're a miner.
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Starting in july 2020, bitcoin mining profitability began surging in line with bitcoin's increasing value. Cgminer is also the most popular free bitcoin mining software available for download on github.com. Since then, the estimated yield per hash rate has multiplied fivefold, climbing from $0.065/th/s in july 2020 to $0.32/th/s in feb 2021—its highest value since july 2019. You either win the block reward and receive 6.25 bitcoin or you get nothing. Scams are worth a mention because some free bitcoin offers are simply scams.
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Buy the mining equipment set up the equipment (connect it to the internet and electricity) select the mining pool you want to join (if not solo mining)
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Bitcoin mining is never for free.
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