How To Build Your Own Bitcoin Mining Rig and ‘Print’ Money At Home
Blockchains are secured by a cryptographic process called mining. Computers from around the world pool their resources to solve complex math equations which get harder over time. You’ll learn the basics of how to mine bitcoin from home with this checklist of equipment. The reward for securing the network in this way is new coins which are awarded to the miners. This is how new coins are added to the circulation.
A computer’s CPU can mine most currencies however the difficulty is so high now that it is not profitable to even bother with one. GPUs are the next best option because they are much more powerful. ASIC miners are even more powerful however most mineable coins are ASIC-resistant meaning that you can only use a GPU or a CPU to mine them.
If you want to set up your very own cryptocurrency mining rig then you should start by deciding on which coin you want to mine. Buying an ASIC miner like an Antminer will limit you to only mining Bitcoin, Dash and Litecoin however GPUs give you flexibility to mine any coin you want. Because the most profitable coin to mine varies from month to month, setting up a series of GPUs on a single rig is the most profitable bet. The only thing holding you back is setting up the hardware.
Each rig requires a number of components to make it run, and here’s what you’ll need.
The motherboard is what brings all of the components together. Most motherboards have a limit of 6 PCIe slots for connecting your GPUs so you’ll want to pick one that has that many slots.
A good motherboard to select is the TB250-BTC which was designed with mining in mind. It sells for about $150.
This is the part of the machine that tells the other parts what to do. You should pick a processor which is compatible with your chosen motherboard. Most Intel Celeron CPUs should do the job.
RAM enables your rig to store temporary states and DAG files. 4GB is the minimum amount of RAM that you should aim for because anything less will become obsolete very soon. Ethereum, for example, will not be mineable with anything less than 4GB of RAM by 2019 therefore save yourself the hassle of having to buy new equipment prematurely.
A mining rig is basically a custom-built PC so you’ll have to figure out how to get power to each of the constituent parts. Some power supplies only have three slots therefore you may need to buy two power supplies for a single 6-GPU rig.
Graphics Processor Units (GPUs)
GPUs are the devices which do all of the mining work. These are the components that will decide how many coins you can mine in a certain timeframe. Some GPUs perform better than others but retail for much higher prices therefore it would be wiser to get mid-range GPUs such as Radeon’s RX470 or nVidia’s 1050Ti. Clock memory speed is the feature that decides how powerful a GPU is so choose your model based on that and ignore the RAM.
The boot device is where you’ll store your operating system. Your choice of boot drive depends on which operating system you wish to use. Linux is the best operating system to run your rig on because it uses very little memory therefore a standard 16GB flash drive will do the job. If you’d rather use Windows then a 120GB solid-state drive will give you the best results.
Housing and the Expertise to Bring it All Together
Your housing for the mining rig can be made out of whatever you have available as long as it holds everything in place. Metallic cases are best because they dissipate heat faster however if you decide to make a case on your own rather than buying a PC case then make it open-air so that it can cool down. More people lose their mining rigs to overheating than anything else and it is a basic you can avoid while learning how to mine bitcoin from home.
Putting the rig together is just a matter of knowing what goes where. If you’re using Linux to run your rig then you’ll need a certain amount of coding knowledge as well.
How To Mine Bitcoin – A Word of Caution
Building your own rig is fun and satisfying however it may not be as profitable as you hope. The difficulty on most networks is higher than ever before and promises to keep rising therefore the mining rewards on your rig will reduce over time. Also, many coins on the market are avoiding proof-ofwork as a way of securing the network so most new coins won’t be mineable at all. In fact, Ethereum will only be mineable for about one more year until it switches to proof-of-stake.
Bitcoin though will probably be mineable forever so go on and take a chance. What else are you going to do with all that free space in your garage? How to mine bitcoin from home will engage your mind and your wealth at the same time.