**How to Mine 1 Bitcoin in 2024**
Bitcoin mining is likened to extracting natural resources because there’s a limited supply—only 21 million Bitcoins can ever exist, with over 19 million already mined. As more miners enter the network, mining difficulty rises. While you could mine 200 Bitcoins with a personal computer back in 2009, using a standard 2024 computer, it would take about 91,324 years to mine just one Bitcoin. This challenge has led to the development of ASIC miners, which are specialized, high-powered machines designed for Bitcoin mining.
Currently, you would need around 9,090 ASIC miners and about 10 minutes to mine one Bitcoin block, but mining a full Bitcoin alone would still take months.
So, can you mine 1 Bitcoin by yourself? It’s highly inefficient due to the network’s increased difficulty. Even with powerful ASIC miners, mining a block solo is unlikely. Instead, joining a mining pool, where multiple miners combine their computational power, increases the odds of earning a share of the block reward more consistently. This approach provides smaller, more frequent payouts rather than waiting a long time to mine an entire block alone.
