What a block, hashrate, difficulty, and a halving mean when you rent SHA-256 hashrate.
Machines draw watts. At Infinity Hash the electricity is taken out of that day's mined bitcoin.
A day shows the bitcoin mined, the electricity taken out, and what is left. Payouts go to your own BTC address.
Buying a miner means you own the ASIC and pay an electricity bill. Hosted hashrate is a rental of SHA-256 capacity.
A block is a batch of transactions. The target time is about ten minutes.
Every 210,000 blocks the new bitcoin in a block is cut in half. The 2024 halving set that subsidy at 3.125 BTC.
A pool combines hashrate and splits the block reward. Infinity Hash uses a pool.
An ASIC is a machine built for one algorithm. Bitcoin uses SHA-256 ASICs.
Bitcoin mining adds the next batch of transactions and releases new bitcoin. A new block is targeted about every ten minutes.
Hashrate is how many SHA-256 attempts a machine or the whole network makes per second. One TH/s is one trillion attempts.
Mining difficulty keeps new blocks near ten minutes apart. It is recalculated every 2,016 blocks from how long the last stretch took.