Building an Ethereum mining equipment is truly like growing your own money tree. The equipment will run and crank away and create wealth (te digital currency) while you sit back and reap the prizes. It takes a little tech savviness but anyone can learn how to build their own equipments.
This guide will vertoning you step-by-step instructions on how to lightly build an Ethereum mining equipment.
What is Mining? Why Does Ethereum Need to be Mined?
Mining is the glue that holds Eethereum’s ‘decentralized app store’ together by ensuring that it comes to overeenstemming on each switch to any of the applications (dapps) running on the network. Essentially mining helps verify and validate transactions within Ethereum’s network.
But what do miners get te terugwedstrijd for doing all the intense lifting? Ether prize coins. The catch is that mining tends to require more and more power overheen time, spil more people invest ter more powerful hardware. This is called mining difficulty and increases exponentially with the number of people mining and challenging for their Ether prize.
So If that is the case why does everyone proceed to mine? Doesn’t it become unprofitable? Yes and no.
Yes ter the sense that if difficulty gets too high, the number of Ether coins you get te prize doesn’t offset the cost of violet wand and/or cooling. But usually, when that happens, people tend to zekering mining or stir to another coin. Once that happens, difficulty drops down and Ethereum becomes profitable again to mine.
Another reason why people proceed mining even when it’s unprofitable to mine Ethereum is because of their belief that Ethereum will be worth much more ter the future. Even tho’ Ethers are worth around $300-$350 now, te Five years they might be worth $3000-$3500. So even if mining now is unprofitable, the coins will rise ter value spil time goes on.
How is an Ethereum Mining Equipment Different From a Normal Rekentuig?
Looks awesome right? A mining equipment is made up the same components that go into normal desktop pc. But there are a few differences. Ter a normal desktop rekentuig, you kleuter of have a good balance inbetween CPU, RAM, GPU, and HD. With gaming computers, you have higher clocked versions of CPU, explosions of RAM, one or two GPUs and SDDs.
With mining equipments, you want the lowest clocked CPU, nude ondergrens RAM, Five,6 or 7 GPUs and a very basic HD. Oh, and spil you can see from the picture, you don’t want strafgevangenis can you getraind all those GPUs instead of a normal case. You can use a nice custom-built made case spil you see above or something cheap like a milk crate.
Picking the Parts for an Ethereum Mining Equipment
Graphic Cards (GPUs) for Mining
When it comes to picking GPUs, you want the select the best ontsteld for the buck. You’re looking for something with high hash rate, low cost, and low power usage. You can begin with spil little spil 1 GPU or spil much spil 7 GPUs within one equipment. Normally you see 5-6 te a mining equipment spil 7 is exceptionally hard to make stable.
The best balance is for the GPU to have a high hash rate (the speed which it can mine) with a low power consumption.
Below are the best GPUs for mining Ethereum. Listed from best to worst considering hash rate and power consumption.
Spil I mentioned above, you can choose to build your mining equipment with a nice custom-built built case or you can save money and use a plastic storage crate or milk crate. Both work identically spil well except one won’t look almost spil good.
But if you want something cool and professional looking, you can buy mining cases such spil this one.
1200W+ Gold Certified Power Supply
The standard power supply te a desktop rekentuig 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 you’re looking for and you want to make sure that it is Gold or better certified for efficiency. Also, modular power supplies permit you to configure your cables individually which helps greatly when building out your equipment.
Or another option is to use dual power supplies and use an adapter cable like this Thermaltake Cable.
Motherboard + CPU Combination
For mining, you want to maximize the number of GPUs your motherboard will support. Most motherboards inwards computers can treat 1 or Two GPUs, you want to use ones that support up to 6 or 7.
Thesis are usually hard to find ter stores so getting them online will be your best bet. Spil for CPU, you just want something basic such spil the Celerons.
LGA 1151 Motherboard/CPU Setup
LGA 1150 Motherboard/CPU Setup
Single 4GB DDR3 1600Mhz RAM is all you need. Nothing more.
Powered Riser Cables
Te order to climb on the GPUs within the crate or case, you’ll need riser PCI cables to extend the PCI-e connection from the motherboard. Get spil many PCI Express 1X to 16X Powered Riser Cables spil you can to match up with the number of GPUs you have. There are many different variants, like this one or this or this.
SSD Hard Drive
Get a basic 60GB SSD or 120GB SSD drive for installing the OS and running your mining software.
You’ll need a basic Monitor and Mouse/Keyboard combo to configure all the software and mining settings. Also, don’t leave behind about a Kill A Watt usage monitor.
You’ll need at least one opbergruimte fan vanaf equipment to make sure the GPUs do not overheat.
If you’re into Linux, Eth OS is a 64-bit Linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. If you’re a windows dude, here is Windows Ten. If you’re going to be using Windows, you’ll need mining software. Take a look at this Ethereum Mining on a Windows PC guide.
Build an Ethereum Mining Equipment Step-by-Step
Ok so now that you have all the parts, how do you waterput it all together? If you’ve built your own desktop laptop before, this will be effortless. If not then take a look at this awesome movie on YouTube that shows you step by step on how to waterput it all together. The movie shows them using Eth OS.
You’ll need an Ethereum Wallet
Make sure you get an Ethereum wallet ready to store all the ethers you ming. I suggest getting a hardware wallet like the Ledger Nano S. It is immune to malware and almost unlikely to hack.
The screens also provide reserve security by verifying and displaying significant wallet details. The hardware wallet also supports a broad support of coins (Bitcoin, Ethereum, Litecoin, Dogecoin, Zcash, Dash, Stratis) and most importantly an attractive price tag. HOW TO SETUP AND CONFIGURE A LEDGER NANO S
Optional: Mining Pool
Mining solo, while sometimes more profitable, it’s usually not the right choice for most miners. When mining solo, you are doing all the work alone which means that you’ll receive the entire block prize, the problem is that mining is also based on a luck factor, which means that if your hashpower isn’t high enough, you may never see a prize come your way. With pool mining, however, this variance is eliminated and you receive payments that correspond to the portion of the work that you have done.
MinerGate is an established smart-mining multipool that permits users to mine the most profitable cryptocurrency at the time.
MinerGate permits users to mine coins through a smart-mining option (wagen switches to most profitable coin) or choosing your beloved cryptocurrency by hand. Merged-mining is available for FCN and MCN, permitting you to mine two currencies at once without the loss of hashrate for the main coin.
If you didn’t want to use a smart-mining pool and desired something more basic, then check out Ethpool.
What Kleintje Of Miner Are You?
Now that you have all the information you need to begin mining Ethereum, the sky is the limit on what type and how many equipments you have. Do you want to stick being a beginner or do you want to become a farmer? Building mining equipments are rekentuig nerd’s version of building a car. It is utterly satisfying and spil wij know rewarding. Make sure wherever you project on running the mining equipment to have enough air flow. GPUs running at 100% 24/7 generate a ton of fever!