CryptoCoinsInfoClub.com

How To Build A Bitcoin Miner From Scratch

How To Build An Ethereum Mining Rig

How To Build An Ethereum Mining Rig

This guide is going to show you how to build an Ethereum Mining rig yourself which has two main steps - choosing and sourcing your equipment and then putting it together! Depending on times its probably going to take you a week or so to get all the pieces and then another half a day fiddling with configurations etc. Its the same as building your own computer normally but with a few extra considerations that mainly involve which GPU's you pick. If you don't want to buy mining equipment,You can also try buying a cloud mining contract with Hashflare or Genesis Mining . Your going to have to get hold of a fair few components and the costs stack up quite quickly: 1)A MotherBoard - A motherboard is the brain of the computer and is what you build everything onto - the base of your mining rig. The main feature you are looking for in a motherboard is the number of GPU slots it has as this will determine how many graphics cards or GPU's it can fit - and in the end your total hashing power. 3 PCI Express slots will mean you can fit 3 x Radeon HD 7950 with a hashrate of 20 MH/s each - or a total hashing power of 60 MH/s. A PCI Express slot is a connection port on the motherboard and looks like the picture below - they are often coloured white but can be beige - you can get other types of slots but most GPU's work on a PCI express. We used the GA-Z97X-Gaming 3 which you can get here ! 2)Graphics Card - Pick your GPUs! Some graphics cards cost a fortune but don't hash much whilst some are more reasonable but use more power. Ultimately its a balance between how powerful you want your rig to be and how much you want to spend - but a word to the wise - make sure you pick an efficient GPU. You can buy second hand GPU's from reputable providers such as GPU Shack - be careful though when Continue reading >>

An Idiots Guide To Building An Ethereum Mining Rig

An Idiots Guide To Building An Ethereum Mining Rig

An Idiots Guide to Building an Ethereum Mining Rig In March, the price of an Ether cryptocurrency token rose to an all-time high of around $25. This was good news for investors in Ethereumthe blockchain-based distributed computing platform that uses Ether as its currencywho had watched the cryptocurrency's price stagnate at under $10 since its launch in July 2015. But it also had another profound effect on shaping the network: For the first time ever, it was truly profitable to mine Ether. I had been entertaining the idea of building an Ethereum mining rig for months and the price surge in May made it seem like as good a time as any to begin the process. So I sold some of my Ether, bought some computer hardware, and set to work learning about building PCs and the art of Linux. But before I dive into the unnecessarily painful process of setting up an Ethereum mining rig as a complete n00b, let's brush up on some Ethereum basics. Mining is the term used to describe the process of extracting cryptocurrency tokens from a blockchain network. In the case of Ethereum, this involves having computers continuously run a hashing algorithm, which takes an arbitrarily large amount of information and condenses it to a string of letters and numbers of a fixed length. The hashing algorithm used by Ethereum called ethashhashes metadata from the most recent block using something called a nonce: a binary number that produces a unique hash value. For each new block in the blockchain, the network sets a target hash value and all the miners on the network try to guess the nonce that will result in that value. Due to the way cryptographic hashing works, trying to guess the nonce that will result in the target value is practically impossible. This means that the only way of finding the correc Continue reading >>

Beginner's Guide To Mining Bitcoins

Beginner's Guide To Mining Bitcoins

Last updated on October 13th, 2017 at 10:56 pm One of the biggest problems I ran into when I was looking to start mining Bitcoin for investment and profit was most of the sites were written for the advanced user. I am not a professional coder, I have no experience with Ubuntu, Linux and minimal experience with Mac. So, this is for the individual or group that wants to get started the easy way. Bitcoin mining is a very competitive niche to get into. As more and more miners come on board with the latest mining hardware the difficulty to mine increases each day. Before even starting out with Bitcoin mining you need to do your due diligence. This means you need to find out if Bitcoin mining is even profitable for you . The best way to do this is through the use of a Bitcoin mining calculator . Just enter the data of the Bitcoin miner you are planning on buying and see how long it will take you to break even or make a profit. However, I can tell you from the get go that if you dont have a few hundred dollars to spare you probably wont be able to mine any Bitcoins. Once youve finished with your calculations its time to get yourminer. Make sure to go over our different Bitcoin mining hardware reviews to understand which miner is best for you. Today, the Antminer S9 is the newest and most powerful miner. As a side note its important to state that in the past it was possible to mine Bitcoins with your computer or with a graphics card (also known as GPU mining). Today however, the mining niche has become so competitive that youll need to use ASIC miners special computers built strictly for mining Bitcoins. First thing you need to do is get a Bitcoin Wallet . Because Bitcoin is an internet based currency, you need a place to keep your Bitcoins.Once you have a wallet make sure to Continue reading >>

Build An Ethereum Mining Rig

Build An Ethereum Mining Rig

Radeon R9 290x 28 MH/s using 280 watts As I mentioned above, you can choose to build your mining rig with a nice custom built case or you can save money and use a plastic storage crate or milk crate . Both work equally as well except one wont look nearly as good. But if you want something cool and professional looking, you can buy mining cases such as this one . The standard power supply in a desktop computer can be anywhere from 300W-500W. But when your mining and you are powering up to 6/7 GPUs, you want to make sure you have enough power. 1200W+ is what youre looking for and you want to make sure that it is Gold or better certified for efficiency. Also, modular power supplies allow you toconfigure your cables individually which helps greatly when building out your rig. Single 4GB DDR3 1600Mhz RAM is all you need. Nothing more. In order to mount the GPUs within the crate or case, youll need riser PCI cables to extend the PCI-e connection from the motherboard. Get as many PCI Express 1X to 16X Powered RiserCables as you can to match up with the number of GPUs you have. There are many different variants, like this one or this or this . Get a basic 60GB SSD or 120GB SSD drive for installing the OS and running your mining software. Youll need a basic Monitor and Mouse/ Keyboard combo to configure all the software and mining settings. Also, dont forget about a Kill A Watt usage monitor. Youll need at least one box fan per rig to make sure the GPUs do not overheat. If youre into Linux, Eth OS is a 64-bit Linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. If youre a windows guy, here is Windows 10 . If youre going to be using Windows, youll need mining software. Take a look at this Ethereum Mining on a Windows PC guide. Build an Ethereum Mining RigSte Continue reading >>

Building A Bitcoin Mining Business: The Ultimate List Of Resources

Building A Bitcoin Mining Business: The Ultimate List Of Resources

any cost to retrofit a room to accommodate miners A second spreadsheet is needed for projections of profitability. TechCashHouse provides monthly bitcoin mining profitability forecasts on YouTube. For instance, the January 2018 video goes into great detail on the profitability of miners. The narrator provides a detailed discussion of purchasing an Antminer S7, a machine he says would break even in 289 days, depending on the price of bitcoin rates and hash difficulty. Cost of the machine is about $1,400. Below is TechCashHouses analysis of profitability of the Antminer S7. With the Antminer S7, you will spend $1,822.08 in power in a year, but gross $3,625.56 in revenue with a profit of $1,767.22 all in BTC, priced at $15,642. The ideal outcome for the investor is getting a miner to pay for itself in 100 days or less, but this is hard to do because the prices of miners have escalated in recent months, while mining profitability has declined due to rising difficulty. The Avalon 741 miner costs about $2,500 to 3,500 on eBay. Here is an analysis of its profitability, according to TechCashHouse, based on a $15,642 Bitcoin price, power cost of 13 cents per kilowatt hour and pool fees of 1%. Based on that chart, the Avalon 741 takes about 327 days to pay for itself, which is too long to be ideal. If difficulty declines (which is not likely) and the price of bitcoin rises, payback would be sooner. The Antminer S9 is about $6,000 on eBay. The cost power is about $4.06 per day but this miner earns $28.35 per day. It will make .66 Bitcoin per year with a break-even point of 249 days. The projections by TechCashHouse are a bit high because they are based on the price of Bitcoin at $15,642 and the difficulty is higher now than it was Jan. 1, 2018. Nevertheless, TechCashHouse offers Continue reading >>

Build Your Own Portable Bitcoin Mining Rig / Battlestation

Build Your Own Portable Bitcoin Mining Rig / Battlestation

Build Your Own Portable Bitcoin Mining Rig / Battlestation Introduction: Build Your Own Portable Bitcoin Mining Rig / Battlestation This is XK ; For a really long time since i bought and build my own Bitcoin Miners , I have always wanted to build something more "dedicated " for mining tasks rather than using classical Server cabinets and so on. Something that will change my life entirely... Something that will never be forgotten ! Thus i build my evil setup ! For those who are not willing to say " Shut up and take my Money ! " I highly not recommend to proceed from now on ! I would say " Run You fools ! " Enough B.S. Computational System We are struggling with heating issue. In order to resolve this issue (Since most of the CPU's are not operating above certain temperatures.) there are gigantic coolers in Data Centers , Or Liquid Cooling System in PCs or some Geeks such as us are using Liquid Nitrogen for Benchmark Overclocks, even baby oil ! Despite the fact that most of the People are thinking; "RESISTANCE" is the reason why Processing units heat up its actually not that simple. If you are more on the Scientific side you probably would have heard about and familiar with something called Information Theory , Thermodynamics and Entropy. At this point I would give you tiny tiny tiny piece of scientific explanation about heating but that's about it. Nothing more nothing less. This is an optional part of course for those who are CURIOUS about the reality behind heating (IN CPUs of Course) As we all know this Clich & Fact "Energy never Created or Destroyed " Energy Only transforms from one another.Despite the fact that we still could not fully formulate it as a Mathematical Model ; "Information" is also a kind of energy. So If you are familiar with Von Neumann Architecture Continue reading >>

Litecoin 101: How To Build Your Own Mining Rigs

Litecoin 101: How To Build Your Own Mining Rigs

Litecoin 101: How To Build Your Own Mining Rigs UPDATE 3: Nvidia has changed the game , so a new guide is in progress. Were still not even sure who created Bitcoin, the first cryptocurrency to go mainstream. Its value is erratic, swinging dramatically up and down within weeks. We dont know who will adopt or condemn it next, but one thing is certain: This new form of decentralized currency is resilient, and you can mine it, trade it, and sell it using nothing more than off-the-shelf PC parts geared toward gamers. Former Google employee Charlie Lee, Litecoins creator, refers to it as silver to Bitcoins gold. His intent was to improve on Bitcoin and, in the process, make it more accessible and obtainable. Indeed, Litecoin can be mined by off-the-shelf PC components typically snatched up by gamers. The Forbes E-book On Bitcoin Secret Money: Living on Bitcoin in the Real World, by Forbes staff writer Kashmir Hill, can be bought in Bitcoin or legal tender. But if youve been drawn in by the headline, youre not here for a history lesson. Youre here to jump into the Litecoin mining pool. With that in mind, Im going to present two distinct PC builds focused exclusively on Litecoin mining and explain some of the basic requirements and best practices along the way. First, let me qualify myself: Ive been mining 24/7 for the past two weeks; not long, but obsessively. Ive scoured dozens of forums and Reddit threads for answers and engaged in a lot of trial and error. Ive successfully turned what I instinctively viewed as funny money that existed in an encrypted digital Litecoin wallet into actual $USD deposited into my checking account. If its impossible to wrap your head around that, youre not alone! Next, Im going to caution you: Like playing the stock market or investing in genera Continue reading >>

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Last updated on November 24th, 2017 at 08:12 am Before we start, if youre new to Bitcoin mining and dont know what it is watch this short and simple explanation: The short answer would be It depends on how much youre willing to spend. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors mining profitability calculators were invented. These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Before I give you a short example of how this is calculated lets make sure you are familiar with the different variables: Bitcoin Mining terms you should get to know Hash Rate A Hash is the mathematical problem the miners computer needs to solve. The Hash Rate is the rate at which these problems are being solved. The more miners that join the Bitcoin network, the higher the network Hash Rate is. The Hash Rate can also refer to your miners performance. Today Bitcoin miners (those super powerful computers talked about in the video) come with different Hash Rates. Miners performance is measured in MH/s (Mega hashper second), GH/s (Giga hash per second), TH/s (Terra hashper second) and even PH/s (Peta hashper second). Bitcoins per Block Each time a mathematical problem is solved, a constant amount of Bitcoins are created.The number ofBitcoinsgenerated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of Bitcoins awarded per block is 12.5. The last block halving occurred on July 2016 and the next one will be in 2020. Bitcoin Difficulty Since the Bitcoin network i Continue reading >>

Mining Hardware - Can A Competitive Miner Be Crafted At Home? - Bitcoin Stack Exchange

Mining Hardware - Can A Competitive Miner Be Crafted At Home? - Bitcoin Stack Exchange

Can a competitive miner be crafted at home? Ive been wondering, is it possible to make a good custom Bitcoin miner? AntMiners aren't worth it anymore, and I can't find a miner that is. Can I build a miner myself that will be worth it? If so, what do I need to custom make a miner? What are some basic Bitcoin miner components. How much will it cost approximately? Is there anything else I need to know if i'm going to build a miner? There was some confusion, I don't mean I want to print my own pieces and make my own miner completely from scratch, I want to buy pieces online and make a miner, can I do this somehow? The last time I heard pricing of the engineering costs it was in the $500,000+ cost range to develop an asic Mark S. May 3 '16 at 13:02 Two words. Holy Crap. GoldNugget8 May 6 '16 at 3:17 No, the ASIC chips used in miners are impossible to craft at home, and to my knowledge no competitive chips are for sale as component parts. Development of new ASIC chips has progressed to a level where it costs millions to create a new template and you need state of the art (<16nm) production to produce them. It is not economic to do this at home. Unless you live in an area with extremely cheap (or free) electricity, you probably will not be able to build your own miner from scratch. Modern mining requires ASIC's (Application Specific Integrated Circuit) in order to make any money. These are silicon chips that implement the SHA256 hashing algorithm in hardware, rather than running a software version of the algorithm on a general purpose CPU, or even GPU. Unless you are able to manufacture your own custom silicon chips, you would be better off purchasing an ASIC miner. The closest you will come from the comfort of your home is an FPGA, which basically allows you to implement a c Continue reading >>

How To Set Up A Bitcoin Miner - Coindesk

How To Set Up A Bitcoin Miner - Coindesk

There are three main categories of bitcoin mining hardware, each more expensive and more powerful than the last. This guide to setting up a bitcoin miner explains each of them, and talks about how to make them work. By this stage, you will understand how bitcoin works , and what mining means. But we need to get from theory to practice. How can you set up a bitcoin mining hardware and start generating some digital cash? The first thing you're going to need to do is decide on your hardware, and there are two main things to think about when choosing it: This is the number of calculations that your hardware can perform every second as it tries to crack the mathematical problem we described in our mining section. Hash rates are measured in megahashes, gigahashes, and terahashes per second (MH/sec, GH/sec, and TH/sec. The higher your hash rate (compared to the current average hash rate), the more likely you are to solve a transaction block. The bitcoin wikis mining hardware comparison page is a good place to go for rough information on hash rates for different hardware. All this computing power chews up electricity, and that costs money. It's worth looking at your hardware's energy consumption in watts, when making your choice. You want to make sure that you don't end up spending all of your money on electricity to mine coins that won't be worth what you paid. Use these two factors to work out how many hashes youre getting for every watt of electricity that you use. To do this, divide the hash count by the number of watts. For example, if you have a 500 GH/sec device, and its taking 400 watts of power, then youre getting 1.25 GH/sec per watt. You can check your power bill or use an electricity price calculator online to find out how much that means in hard cash. However, the Continue reading >>

How To Mine Bitcoins

How To Mine Bitcoins

Note: Our guide on Bitcoin mining has been fully updated. This feature was first published in November 2015. Mining is the process of using a computer to perform complex calculations on blocks of data which maintain the Bitcoin network. Miners are rewarded for their efforts with a certain amount of Bitcoins . Bitcoin (BTC) is fast becoming the province of people using specialized ASIC (application-specific integrated circuit) devices, although if you have one or more powerful graphics cards you may still be able to generate a small profit by assembling your own mining device. You'll learn more about this in the following steps. The actual profit you make will depend on a number of factors. The first is your 'hash rate' in other words, the actual processing power of your machine. Computers designed for mining, or 'rigs' as they're commonly known, require large amounts of electricity, which will increase running costs. The complexity of mining also rises over time. The Bitcoin itself is a very volatile virtual currency and while it has recently made huge gains, it may also plummet in value. Bear this in mind if you plan to hold onto any BTC you mine rather than selling immediately. If you want a rough idea of how much you can make from mining, use one of the many online profitability calculators (for example, the one at 99 Bitcoins ). While you can technically try to mine Bitcoin on your own, it's very unlikely that your rig will singlehandedly solve the complex sums necessary to receive a reward. Instead, you'll need to join a mining pool. As the name suggests, this is a pool of multiple machines connected together, engaged in a collaborative mining effort. The Bitcoin rewards reaped are shared amongst everyone who contributed processing power to the effort. However, no Continue reading >>

Bitcoin Mining Hardware: Pc Build Guide For A Cryptocurrency Rig | Pc Gamer

Bitcoin Mining Hardware: Pc Build Guide For A Cryptocurrency Rig | Pc Gamer

The right mining hardware is just part of the story. If you're serious about mining Bitcoin or other cryptocurrencies, check out our guide to what you need to know cryptocurrency mining . Cryptocurrency mining has driven up GPU prices and is hurting gamers . But if you're dead set on spelunking into the cryptocurrency mines, you might as well know what you're getting into. To be clear, we don't encourage this. But if you really want to start mining Bitcoin or Ethereum or another cryptocurrency, don't be too intimidated: if you've built a rig before, putting together a cryptocurrency mining PC is an easy weekend project that will let you learn how blockchain technology works, the limits of at-home hashing, and the real costs involved, some of which are hidden. You should also be aware of the risks. Cryptocurrency is volatile, and there's no guarantee you'll make back the money you spend on your hardware as quickly as you expect. You could even lose it altogether. And keep in mind that every GPU sent into the mines is one more that could have spent its life pushing pixels in PUBG. Financial philosophy aside, the hardware part of the bitcoin equation is simple. Despite their well-earned reputation for gobbling up GPUs, the rest of a mining rigs layout is very lean. You wont need a high-powered CPU, fancy motherboard, exotic DRAM, or even the Windows OS to bring it all together. In fact, other than a few odds and ends, you may already have most of the parts sitting in a garage or closetleftovers from previous gaming rig upgrades. Heres a quick overview of what you need, and why. A simple frame is all you need to house your mining rig, so wait for a sale or try DIY before spending hundreds of dollars on a 21st century pan and pickaxe. Mining rigs start with a rudimentary op Continue reading >>

How To Build A Bitcoin Miner Or Just Buy One.

How To Build A Bitcoin Miner Or Just Buy One.

How to build a Bitcoin Miner or just buy one. Once you get hooked on Bitcoin Mining you then will be asking yourself "DO I go further and get better equipment? ". Having tried the Bitcoin mining and found it to your liking as with anything else you start thinking what else can I use, how can I improve what I have or do I go all out and build or buy a specialized miner? Some research is warranted here to find out what it is that is will make your experience and productivity better. If your computer is an average built computer then most likely you have a normal CPU and one video card. If you have an AMD CPU then you can improve the PC with Video cards that are better suited at mining.. These seem to be AMD based video cards and different models are better then others. If your really smitten by the bitcoin bug then you can actually buy a specialized bitcoin miner If your motherboard supports multiple video cards then you could invest in several of the previously mentioned cards and run your miner with 3 or even four cards. As long as the CPU is an AMD CPU you will be ok to keep your current setup. If you really want to specialize then you can purchase a video card designed specifically for bitcoin mining. The card hasn't been released yet but once it is you'll have the option of getting a video card specific for bitcoin mining. For the really advanced and completely hooked there are the special built Asic mining machines, these are special built computers that are designed and built completely for bitcoin mining and while some can be inexpensive others can be costly. You would have to decide what you want to invest in mining equipment. The crazies. There are those that will go all out and put together by themselves outrageously built set ups that just leave you shaking y Continue reading >>

College Student Reveals How He Mines Bitcoins In His Dorm Room The Cheap Way

College Student Reveals How He Mines Bitcoins In His Dorm Room The Cheap Way

College Student Reveals How He Mines Bitcoins in His Dorm Room The Cheap Way Nothing in the tech world confuses us as much as Bitcoin it seems. What we do know about it is that its volatile and it can be worth a ton of money, but we hardly understand where it comes from, who invented it apparently, or what it is past being a crypto-currency- even that term confuses many. Perhaps the main reason Bitcoin baffles us so is its infinite nature- it can develop into so many structures and utilities that its hard to describe it as anyone thing, but hopefully this article clears up some of the confusion for you. Bitcoin has been making headlines quite a bit lately. The IRS recently ruled that Bitcoin is not a currency but an asset, one that must be taxed on its gains. Billionaire Warren Buffett dismissed the entire concept of Bitcoin in a television interview as a mirage, an opinion that fired up venture capitalist and perhaps Bitcoins number one fan Marc Andreessen to group those like Buffett as old white men crapping on new technology they dont understand. After getting hammered by a series of attacks the past few months, Bitcoin fell from its thousand dollar value and currently sits around $360 with a market cap of just over $4.7 billion according to CoinMarketCap . Whatever side of the love/hate debate over Bitcoin you might find yourself on, we could all use a little more understanding over a subject that most of us are only beginning to understand. If you have ever been curious about Bitcoin, then youll definitely want to hear this students story. Geoffrey Welborn is a political science major at the University of California, San Diego. A self taught Bitcoin enthusiast, Geoffrey has been mining Bitcoin from his on-campus apartment since January and is also a co-founder of Continue reading >>

7 Reasons Bitcoin Mining Is Not Profitable Or Worth It In 2017

7 Reasons Bitcoin Mining Is Not Profitable Or Worth It In 2017

Jordan Tuwiner Last updated June 13, 2017 The early days of Bitcoin mining are often described as a gold rush. Satoshi Nakomotos invention of Bitcoin, a peer-to-peer electronic cash system, opened up an entirely new frontier, not just of freedom but of occasionally outrageous profits. Those with a strong interest in such things, namely cypherpunks, cryptographers, technically-minded libertarians and assorted hackers, were first to stake their claim. But is there still gold in them thar hills? Bitcoin mining has grown from a handful of early enthusiasts into a cottage industry, into a specialized industrial-level venture. The easy money was scooped out a long time ago and what remains is buried under the cryptographic equivalent of tons of hard rock. Only those with specialised, high-powered machinery are able to profitably extract bitcoins nowadays. While mining is still technically possible for anyone, those with underpowered setups will find more money is spent on electricity than is generated through mining. In other words, mining wont be profitable at a small scale unless you have access to free or really cheap electriciy. Well explain this situation in depth but first, you need to know a few basic technical terms from the world of Bitcoin mining: A group of Bitcoin transactions, chosen from the mempool (the list of all currently pending transactions) and recorded by a miner into the ever-growing record of blocks known as the blockchain. A new block is created on average every ten minutes. This is the cryptographic work which miners perform in order to find the solution which allows them to define a new block. PoW hashing ensures the proper function of the Bitcoin blockchain. Miners compete to solve a cryptographic puzzle, known as a hash. There are no shortcuts in Continue reading >>

More in bitcoin