Why does bitcoin mining take so long?

Why does bitcoin mining take so long?

I was wondering that a block (Here's a Block #506398)

It's nonce is 1,229,291,212 (A little over a billion), Then why does it take so long to mine a block because my system alone can do about 500 GH/s (500,000,000,000 Hashs per second), Which is very little in comparison to what an ASICs can do.

Then why does it take so long to mine a Block??

Thanks for your help!!

http://ift.tt/2FmYlxu

Comments

Popular posts from this blog

bitcoin node: what is the difference between simnet and regtest?

How to check if Electrum is masking my IP with the Tor proxy?

Need help to recover blpckchain.info wallet, my wife forgot her password and the brute force with btcrecover is not catching the password