How to Build Your Own Cryptocurrency Mining Rig: The Complete Guide
As the crypto economy continues to grow, crypto mining is getting a lot of public attention. The COVID-19 pandemic has caused a colossal downturn that has led cryptocurrency traders to encourage mining as a new way to generate passive income. In addition, countries have begun to see an increase in the purchase of GPU cards, which are the main element for creating a cryptocurrency mining rig. Even in Abkhazia, where all cryptocurrency transactions have been banned for the past two years, it has been reported that citizens have recently spent about $500,000 on mining equipment. In addition, the ever-increasing prices of Bitcoin and Ethereum are another important reason for the increase in cryptocurrency mining activity.
Cryptocurrency mining rig and components
There is no precise definition of a mining rig. All that can be said is that the mining rig consists of several graphics processing unit (GPU) cards, which are considered the main element for building a cryptocurrency mining rig, but without a monitor. Such cards have a power unit, a motherboard and a cooling system. It is important to note here that the cryptocurrency mining rig does not have a monitor; it is simply connected to the Blockchain network via an internet connection.
The setup consists of a motherboard that can connect to multiple graphics card slots. The next component is a hard drive with 100 to 250 GB of storage to host a cryptocurrency wallet. The third component is GPU cards, which determine the crypto asset that the user will mine, taking into account their future profits and timing. The power unit is another vital component. If the setup has four GPUs, then it will require more than one PSU. Then comes the power adapter for the graphics cards, the power switch, and the cooling system to ensure airflow.
How to build your own cryptocurrency mining rig
Once a person has purchased all the components, all they have to do is install the mining software for their preferred cryptocurrency. In addition, he can also move to his preferred mining pool. After he assembles all the components, all that remains is to start designing. For the design process, there are many tutorials and guides that can help in this matter.
Claiming which GPU is the best is not correct as it depends on how much money a miner can spend to buy it. It is recommended to buy stronger graphics cards for the price of two or three slightly weaker ones, since cheaper ones will bring more profit due to lower initial cost and power consumption.
An important point to remember before creating a crypto rig
It is not difficult to build a cryptocurrency mining rig, but the user must consider electricity as an important parameter. This is because paying for electricity is costly, so it can reduce profitability. Therefore, before creating a crypto setup, users should have a complete understanding of GPU cards, since these cards are the main power consumers.
Power units are also responsible for the consumption of a certain amount of electricity. They can consume even less energy if they have a "golden certificate".
