How to build a mining rig for Bitcoin and Ether in 2020?- New day crypto

Mining on small home farms is becoming popular again. What is needed to collectyour own rig at home?

Mining rig – this is a home farm for miningdigital currencies, which most often consists of a special computer on which several video cards are installed (three or more). The number and quality of video cards determine the power of the rig.

Should you be mining in 2020?

In times of crisis, pandemic and volatilethe political situation, cryptocurrencies have established themselves as a stable asset. Moreover, the economic downturn has benefited the cryptocurrency industry because it has revived mining as a form of passive income.

Unsurprisingly, over the past few monthscountries with weak economies have become record holders for the purchase of video cards. In Abkhazia, where mining has been banned since 2018, residents spent more than $ 500,000 on mining equipment in just six months. Transnistria has not lagged behind either. This unrecognized republic has “invested” nearly $ 300,000 in digital currency mining equipment.

The popularity of mining is growing due to highcryptocurrency prices. Over the past year, Bitcoin has risen more than 100% and is now trading around $15,000, while Ethereum has once again broken through $400 to reach $440. 

Let's figure out what we need to assemble the manying rig at home on our own.

Mining rig components

A cryptocurrency farm consists of a computer withseveral video cards without a monitor. The case contains the graphics cards (often the cards are in a separate case), the power supply, the motherboard, and the cooling system.

Connect the monitor – and the installation can become a regular computer on which you can work or play your favorite video game.

This is how the list of components of a home installation for mining looks like:

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An ordinary motherboard with several video cards.
HDD or SDD for placing a cryptocurrency wallet with at least 1 TB memory. (It is worth remembering that SDD is best suited for mining ETH and ETH20 tokens)
Several video cards – the most important components of riga. They are the ones who decide what cryptocurrency the user will mine and what kind of profit he will be able to receive.
Power Supply. A farm with four or more graphics cards usually requires multiple power supplies. Usually, miners interconnect several 750 W blocks.
Power adapter for video cards. Video cards are connected to the motherboard using special expansion cards or adapters. There are many different types and models of adapters.
Power switch.
Cooling system. We recommend using multiple coolers in order to increase the airflow.

Another important detail – frame.It is better to use it from wood or metal. The rig size will be slightly larger than the frame size due to various protruding parts – adapters and coolers. The dimensions depend on the number and dimensions of the video cards used.

After purchasing all the components of the rig, you need themcollect – not a difficult task for someone who has had at least some experience with computer hardware. For beginners, there are many guides on the Internet and videos on YouTube.

Last steps – installation of mining software. Instead, you can choose a mining pool that will provide you with the necessary software.

Best graphics cards

Typically, miners use from three to sevenvideo cards Users can connect either ten or fifteen graphics cards to the motherboard, but the Windows 10 operating system can only detect seven graphics cards. 

There is a solution for this problem – specialized software for mining based on the Linux kernel. In this case, it is important to choose the right motherboard – ASRock Pro BTC+ series or higher.

At the moment, miners manage to get the mosthigh revenue using Nvidia GeForce RTX 2080 Ti and AMD Radeon VII graphics cards. Nevertheless, the economical mining farm with AMD Radeon RX 580 and Nvidia GeForce GTX 1660 also brings a steady income and pays off much faster. It should be remembered that in the video card market, top models change very often, so the best video cards for mining are constantly changing.

Important question – electricity cost

In 10 years, the mining industry has transformed from a geek hobby into a high-tech industry with high barriers to entry.  

After purchasing components for the rig, the miner has a new expense column – electricity. On average, a mining rig consumes the following amount of electricity:

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Video cards in the rig of 6-7 cards, depending on the power and algorithm of mining, consume360 to 1500 W.
The motherboard, power supply, HDD, and RAM consume up to 100 watts.
The cooling system consumes from 20 W to several kilowatts.

How can a miner reduce the cost of electricity? Most of all electricity is used by video cards. By properly adjusting the operation of video cards, you can significantly reduce power consumption. Some miners use their own solar or wind power plants, but not everyone can afford such an investment.

Conclusion

In conclusion, we can say that today mining– This is a great way to make passive income. Installing your own rig – one of the best and easiest ways to try your hand at mining. It will take a small investment and time to figure out in detail how the system works. However, it is more profitable to mine small cryptocurrencies on a home rig than Bitcoin and highly liquid alts. Special ASICs are best suited for mining such coins.

Randy Redi, CEO of Mining Rig Rentals, is confident that building your own rig is more fun than buying a ready-made farm or participating in cloud mining. He gave advice to novice miners: