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