How To Build A Mining Rig Things You Need To Know Before You Start
How To Build A Mining Rig Things You Need To Know Before You Start
rig. Read this guide & find out how to build a mining rig by yourself.
If you liked playing archeologist-types of games when you were a kid and DIY videos are a
usual sight in your YouTube playlist, then you have come to the right place. Today I’m going to
tell you about all of the different ways on how to build a mining rig.
Mining rigs might seem tricky at first, but when you break them down, it’s not that hard. In this
guide, we’ll cover some of the basic things about mining rigs: their components (and what are
the best component manufacturers), how they work, best placement ideas and so on.
Also, if you want to invest in cryptocurrencies, you can check out such platforms
as Coinbase, Binance and Coinmama.
We’ll start with the definitions and then work our way from there.
Table of Contents
CPU. CPU mining rigs utilize processors to “mine” data from the blockchain.
These are very simple and inexpensive rigs - most people, when they talk
about CPU mining, mean that they mine cryptocurrencies straight from their
computer. This has its benefits and drawbacks (having much more of the latter).
CPU mining is becoming more and more unpopular as the years go by. There
are many contributors to the reasoning behind this, however, one of the bigger
ones is the price. CPU mining is very costly and clunky - your electricity bills are
going to skyrocket through the roof, while your computer might overheat at any
given second if you lack proper cooling.
Naturally, to get the best results, you would have to use the maximum amount of
GPUs available, but even with the simplest of rigs, a result would be noticeable.
GPU mining rigs do have a couple of downsides, however, that a person looking
on how to build a mining rig should know.
They are very popular, which in turn makes them extremely scarce to come by. If
making money through cryptocurrencies is your only objective, then ASICs are a
perfect choice. However, if you care about the ecosystem that is the crypto
world, you might want to think twice.
Because of how powerful they are, ASICs have a reputation of twisting the
wellbeing of cryptocurrencies and throwing miners that use other types of rigs
out of balance. Because of these reasons, ASICs have recently been subject to a
high level of controversy that sparked within the Ethereum mining community
and continues to echo through ought the crypto world.
These were the three types of the most commonly used mining rigs out there. Although the
information may vary, the most popular out of the three stems to be the GPU type, with ASIC
and CPU ones as follow-ups, respectively.
Now that you have a general understanding of the main types of mining rigs, their pros and cons,
we can move on to the main topic at hand - how to build a mining rig?
So how to build a mining rig? Well, first of all, you have to know what to take into consideration
when picking the parts for your rig.
Naturally, there are quite a few things to keep in mind, but the main ones would probably have to
be hash rate and energy consumption.
Hash rate defines just how powerful your rig is. It’s a way of knowing how many calculations
your rig can perform in one second. The higher the amount, the better. Naturally, though, high
hash rates mean high demand for power, which in turn results in a high electricity bill. For
anyone thinking about how to build a mining rig, this should be a big factor to take into
consideration.
Energy consumption is another major factor to consider when thinking about how to build a
mining rig, and one people tend to disregard it. You should never let the illusion that “I bought
my mining rig components, which means I’m done spending” get in your head. Mining energy
costs might not only match your profits but even exceed them and leave you completely broke
and in debt.
When choosing your hardware, always try to strike a perfect balance between the power of a
component, and the power consumption.
Finally, don’t just jump into the first market site and buy everything that pops up on your screen
when you Google “best hardware for building a mining rig”. With a little bit of digging, you
might find the same components for a lot cheaper. Be smart - cryptocurrency mining is a
competitive business, so every dollar counts!
Talking about hardware, you should know that it's crucial to get a reliable hardware wallet to
protect your cryptocurrencies. A few of the recommended options include Ledger Nano
X and Trezor Model T.
Components
Let’s make a quick overview of the components that you’ll need for building a mining rig.
Generally, what you’re going to look for are the following parts:
Pros
Can be managed from mobile device
Very secure
Pros
Top-notch security
Easy to set up
GET 50% OFF
Pros
Super secure
The very first step that you’ll need to take is to set up the motherboard inside of the mining rig
frame. Building a mining rig becomes that much easier when you’ve already picked a suitable
spot for the rig to stay in, though, so pick a good spot in advance.
After you’ve set up the motherboard, plug the cables into the CPU. Set up the graphics cards
and the rest of the needed hardware and plug the cables in, respectively.
Now that you’ve got the hardware in place, double-check the cable placement and if all’s well
in place, it’s time to move on to the software.
Depending on the software you’ve chosen, your rig might have a few fancier functions, or be
completely basic. Fancy doesn’t always equate to good, though, so pick a secure software, has a
good reputation and works well.
The online crypto forums are an excellent place to look for and review cryptocurrency mining
software. When thinking about how to build a mining rig, software shouldn’t be excluded from
the picture - good software is often what makes it or breaks it.
After installing the software, configure the options to your liking and proceed with the setup.
Your device will have to reboot a few times before it’s fully operational, so be patient.
After all of this is done, you can officially begin your career as a professional cryptocurrency
miner!
Conclusion
As more and more people turn towards cryptocurrencies, there’s a vast increase in the need for
experts in the field. People who have a comprehension of how to build their mining rigs are
quite far ahead in the crypto department - after all, you don’t only learn about the rig itself, but
about the software needed, how cryptos work, how to use the market, etc.
At this point, you should be at least somewhat knowledgeable on the topics of crypto mining rig
hardware and software, how to choose certain specific items, what criteria to look at and what to
ignore, how to assemble the rig itself, etc.
Be sure to put this knowledge to good use, and remember - Rome wasn’t built in a day. It takes
a lot of practice to build a pristine mining rig, so don’t stress if it doesn’t work out for the first
couple of times.
And remember, it’s always better to be safe than sorry. Choose the right equipment for the job,
both from the hardware and the software standpoints. Don’t hesitate to invest in something that
will not only do the job for you but will keep your funds secure and last for a long time, rather
than breaking apart in the first couple of months. Decent equipment can do wonders - just don’t
be afraid to experiment!
Also, if you want to keep your cryptocurrency safe, don't forget to use a secure wallet! Make
sure to check out such options as Ledger Nano X and Trezor Model T.