📣 Difference Between Gold Mining vs Bitcoin Mining

chatstickforbrand
Apr 14, 2022
2 min read

📣 Difference Between Gold Mining vs Bitcoin Mining

For this article, we would like to offer tips and information about gold mining and Bitcoin mining that are similar or different, how to leave each other. If you're ready, let's go see it.

1. Characteristics of digging

- gold mining

which gold mining which before gold can be mined, must be explored and then can be invested to build a mine for mining within that area form of gold bars or in other ways

- Bitcoin Mining

As for bitcoin mining, it is the mining sector that uses electricity. With the popular use of graphics cards and the use of tools to help them in particular.

2. What is the production cost?

- gold production cost

It can be concluded that the global average It is currently approximately an investment of $975 or ounces. which in this price will not include other values which is about 7.5% and that means that the price at the mine is about 1060 coins or ounces

- production cost of bitcoins

In terms of the cost of mining bitcoins, there are two main factors: how much mining equipment can be mined and the other is the cost of electricity used for mining. There are different prices in this section.

3. Amount of mining per year

- Gold Mining Volume

In which many companies are able to mine gold as follows:

> gold fields can produce 5 tons of gold

> anglogold ashanti can produce 79 tons of gold

> kinross can produce 6 tons of gold

> barrick gold crop can produce 9 tons of gold

> newmont can produce 3 tons of gold

In terms of the amount of gold that has been mined, it can be adjusted to increase or decrease slightly.

- Bitcoin mining volume

In which bitcoin mining is defined by the code This allows each year to have a portion of production capacity that is in constant quantity. which even if there are more people mining The amount of bitcoin will be in a fixed amount.

Both of these have the same production process known as mining. But there are parts of the details that are quite different.

How are you? I hope that this article will be useful to all readers. And see you again in the next article.

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