Mining farm - principle of operation, assembly, configuration, payback

What is a mining farm

Let's start, as always, with a little theory.

In simple words a mining farm is a set of components interconnected and producing virtual currency.

Cryptocurrency farms can consist of completely different components: video cards, processors, hard drives, special equipment created exclusively for mining. Initially, the concept of “farm” did not exist. Especially at a time when you could only use your home PC to mine bitcoins.

But over time, the complexity of mining increased, algorithms improved and became more complex, and therefore mining on a home PC became simply unprofitable. Then people started looking for components and the right combination of them. Initially these were processors, then hard drives were added, and then video cards.

True, now most miners mean by the concept of “farm” several video cards interconnected. Such a design can perform only one task - to mine cryptocurrency using its computing power.

Farms on video cards have become popular thanks to ether, which has a mining algorithm that is not as complex as Bitcoin, but has already gained great popularity. That is why many remembered that earlier, back in the 12-13s, cunning gamers used their video cards to mine bitcoins. And they did it quite successfully.

And in order to mine bitcoins now, just a farm on video cards will not be enough. You need special equipment - ASIC processors, which cost a lot of money (from 5 thousand dollars), but have colossal computing power, ideally suited for mining.

The first cryptocurrency mining farms have come a long way from home PCs to full-fledged installations that cost several million rubles.

In this article we will talk mainly about farms on video cards, because:

• They have a fairly simple design;
• Do not require huge financial investments;
• They pay for themselves quickly (150-180 days including electricity).

Cloud mining or farm - what to choose?

Cloud mining is an alternative method for mining cryptocurrency to creating a farm. The bottom line is that the user can rent the power of a remote farm online for a certain period of time. Large farms can be located in regions with cheap electricity and optimal climate. Cooperation is secured by the purchase of a service contract.

Which option is better, everyone decides for themselves individually. For newcomers to the cryptocurrency market, it is easier to transfer mining to the “cloud”, since this eliminates the risk of going into the red if the farm is not assembled or configured correctly. The main thing is to choose a reliable service with a proven reputation and carefully study the reviews. For confident PC users, assembling and setting up your own farm will not be a problem.

Bitcoin mining farm

Before we talk about farm work and how to do it at home, you should immediately understand one thing:

A bitcoin mining farm will now be practically unprofitable.

Due to the high difficulties in mining this cryptocurrency and the entry of large Asian companies into mining, a single farm simply will not be able to cope with the competition and will work with much lower profits than if it were mining, for example, ether or z-cash.

This does not mean that you will not be able to mine bitcoins. Not at all, you are guaranteed to receive your income.

But another question is what you need for this:

• Use third-party services, lending them your power;
• Share profits with other participants;
• Depend on complete strangers.

And this all means that such production turns out to be too risky and less profitable.

Types of cryptocurrency farms

Let’s immediately make a reservation that mining farms are divided into categories:

1. Based on video cards (earnings depend on their total power). Such farms are energy-consuming and require high-quality cooling.
2. From FPGA modules. Quite reliable and take up little space.
3. On ASIC processors specially designed for cryptocurrency mining. Expensive, but highly productive.

The first option is best suited for beginners, for whom setting up an ASIC-based mining rig can be an overwhelming task.

How does a mining farm work?

Let's pay attention to video cards. The “red” representatives of Radeon are best suited for mining. They are more adaptable, have more computing power, and therefore produce a lot of currency.

But since there are almost no Radeon video cards in Russia, and those that exist cost a lot of money, you have to be content with green analogues from GTX. Their later models have average mining performance, but demand for them has not yet reached the point where the price becomes disproportionately high.

Now let's talk about how the mining farm works.

To put it very simply, a mining farm is an installation that directs its computing power to solve one problem - cryptocurrency mining. That is, you build a small analogue of a PC (very conditional), connect all the necessary equipment, configure it, and after that all resources at the maximum level will be directed to the extraction of cryptocurrency.

The power of one farm is approximately 26 times higher than that of an average home PC costing 40-50 thousand rubles. Moreover, unlike a computer, power is not distributed to work programs, maintaining the system, or carrying out any operations. It is clearly focused on one thing - currency extraction.

Now that you roughly understand how a mining rig works, let's figure out what it takes to assemble a rig.

Cryptographic problem and algorithms in mining

To find out how a mining farm “creates” new blocks, let’s delve into the principle of its operation. Let's talk about cryptographic tasks and computing power. This is important for understanding which farm is needed for different currencies, as well as for learning about current analogues of farms for cryptocurrencies. The process of mining electronic cash itself occurs by calculating a cryptographic problem.

It is important to note that as computing power increases, the difficulty of creating new blocks also increases. This means that it is very difficult to potentially monopolize this area.

Although there is another negative side for “home miners”: with increasing complexity, the payback period for equipment (video cards or ASICs) constantly increases, and income, in turn, decreases.

All this led to the fact that the profitability of mining in 2020 remained only for specialized farms, while mining on a home PC, taking into account operating costs (electricity, hardware wear, etc.), at best will be 0, and will most likely even be unprofitable.

A cryptographic problem is solved using a specific algorithm. Let's consider the SHA-256 algorithm, on which not only the mining of bitcoins, but also most other cryptocurrencies is based and built. This algorithm is a solution developed by the US NSA (US National Security Agency). Using the SHA-256 algorithm, a cryptographic problem is solved on a CPU, also known as a processor, or on a GPU, also known as a graphics processor - a video card or several video cards, which includes a mining farm.

It's fair to say that SHA-256 is used for more than just mining. This algorithm is used in many security protocols, for example, SSL, PGP, which are used on most secure sites on the Internet. In specialized ASICs, which were originally created for mining, this algorithm is also implemented.

There are other, more complex and advanced algorithms (Scrypt, Scrypt-Jane, etc.). Basically, later algorithms are designed to make hardware computing more efficient, since they make the original SHA-256 look simpler. It is worth considering that Scrypt requires more RAM, so to work with this algorithm on a cryptocurrency mining farm, this feature must be taken into account.

What is needed for a mining farm

In order to assemble a mining farm, you will need:

1. Motherboard. An ordinary motherboard with the required number of connectors for a video card will be sufficient.
2. HDD. 60 gigabytes may be enough, but it’s better to take 100-160. One wallet with Ethereum weighs only 25 GB, and with Bitcoin - from 50 and above.
3. Video cards. No special advice here. Choose a suitable video card for mining, and then, based on this, assemble the remaining parts.
4. Power unit. Farms with 4+ video cards often require more than one power supply. They basically buy several 750-watt units and simply connect them together to work.
5. Adapters for mounting video cards (preferably Razer).
6. Equipment start button.
7. It would be advisable to buy 1-2 more coolers for better cooling.

Another important detail is the frame for the truss.

Its approximate dimensions:

• Width: 42 cm;
• Length: 55-60 cm;
• Height: 35 cm;
• Height of the video card bracket: 23 cm.

It is best to make the frame from wood or aluminum. The size of the mining rig will be slightly larger than its frame due to protruding parts, adapters and the cooling system.

In total, the average truss will be approximately half a meter in height, 70 cm in length and 50 cm in width. A large mining rig can reach length and height parameters of one meter.

Now some tips regarding equipment:

• You should not buy motherboards from ASRock . Although the developers claim that they created their product solely for cryptocurrency mining, experienced miners actively discourage inserting them into farms, citing overloads and overheating solely due to the design of the motherboard.
• Buying video cards in Russia is becoming increasingly unprofitable . Those models that literally a year ago cost 10-11 thousand rubles are now sold in leading stores for 18 thousand. If you decide to assemble a farm yourself, pay attention to stores in Western Europe and America.
• Don't spend a lot on a motherboard and hard drives . The cost of all related equipment should not exceed 10-15% of the price of the farm itself.

Now to more detailed instructions on how to assemble your farm.

Mining other cryptocurrencies

Of course, Bitcoin and Ethereum are not the only cryptocurrencies on the market. Today there are almost a hundred other cryptocurrencies. However, not all of them are as successful and worthy of attention. Therefore, we present to your attention a list of the ten most worthy and interesting, in our opinion.

1. 
   Ripple. Founded in 2013. A currency designed for banks to make transactions faster and better.

2. Monero. Founded in 2014. The main objective of this currency is to provide anonymous money transfers.
3. Litecoin. Founded in 2011. One of the main competitors of Bitcoin, but with the advantage of faster transactions.
4. EthereumClassic. Founded in 2020. It is a fork of Ethereum. Now it costs less than the main version.
5. Dash. Used since 2014. Offers high transaction anonymity. When using Dash, the end consumer is virtually untraceable.
6. ByteCoin. year 2012. The main task is to protect the user’s money. For this, the system uses the most advanced cryptographic algorithms.
7. VertCoin. year 2014. The cryptocurrency is designed to completely protect itself from ASIC miners, thereby maintaining the highest degree of decentralization.
8. Dashcoin. Founded in 2014. It is a new generation anonymous cryptocurrency.
9. NEM. Founded in 2020. A new cryptosystem that offers digital notarial signature. In addition, it has the highest speed of transactions and ensures reliable storage of funds.
10. Decred. 2020 It is a hybrid of POW and POS systems. Thanks to this, it maintains a delicate balance between miners and coin holders.

Basically, all presented cryptocurrencies operate on the same principle, which has proven itself well since Bitcoin. In most cases, they differ from each other only in the encryption algorithm and some improvements compared to their ancestor.

The only fundamental difference between the coins can be considered the use of POW (proof of work) and POS (proof of ownership) systems. Some of the presented cryptocurrencies require calculations using the POW system, that is, robotic proofs, this is classic mining. And some, like NEM, are built on a POS - proof-of-ownership system. In this case, an ordinary computer will be enough for mining, but you will need to buy a certain amount of coins first. In any case, to make money on cryptocurrencies, it is better to choose one that demonstrates slow but stable growth.

Farm setup

Once you have assembled the basic structure, you need to set up the truss. In fact, setting up a farm comes down to completely tearing down the system, installing new drivers and then working with programs.

After installing the operating system, we immediately update the hardware drivers to the latest versions. Then download MSI Afterburner from the official website to overclock your video cards. Next, install Teamviewer to work with the farm remotely, set the swap file to 20 GB and install.

We go to the site through which you will mine, select the pool (the network through which we will mine) and download the program itself. Then we open it like a notepad and write in it our wallet number, the name of the farm and the email to which notifications will be sent. We close it, click start, and the mining farm starts working.

Add the miner program to the autostart of your farm so that immediately after turning it on, it starts mining cryptocurrency.

This is roughly how a mining farm is set up from scratch. Almost all of the setup time will be spent installing the operating system.

To understand this better, watch the video:

Why mine cryptocurrency?

There is an opinion in the world that the main purpose of miners is to extract cryptocurrency and thereby enrich themselves.

In fact, miners are the basis of the blockchain, without which the existence of cryptocurrencies is impossible, at least for now.

Blockchain is a chain of blocks. They store information about all transactions between users throughout history. The transfer of crypto coins cannot occur until it enters the block. In addition, several blockchain participants must confirm that the transaction is not fraudulent. Only after this, the cryptocurrency goes to the specified account.

This is where miners come in. They mine and confirm blocks.

They do this with the help of computing power, so-called cryptocurrency farms, which solve complex mathematical problems.

If the miner has fulfilled his “purpose”, he receives a reward for his efforts in the form of a certain amount of crypto coins.

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Where to buy a ready-made farm for mining

If you don’t want to bother yourself with finding the necessary components, assembling, installing and configuring equipment, then it will be much easier to buy a farm. But there is one important detail.

There is no point in buying ready-made mining rigs on the secondary market or message boards. Firstly, people do not know the real cost of their structures and often inflate the price (up to 2 times), and secondly, you may encounter incorrect settings or low-quality equipment.

If you are in Moscow or St. Petersburg, then in your cities there are several companies that sell already configured turnkey mining farms.

In the provinces this is more difficult. It’s rare that anyone engages in mining in principle, and sells a finished farm either for a lot of money, or one that has already been killed.

Speaking about the ready purchase of farms, we cannot fail to mention special equipment for mining. It is created by manufacturers in order to make maximum use of hardware with minimal investment.

The most popular special equipment is ASIC processors. These are designs made specifically for working with bitcoins. They produce maximum power precisely in terms of production, but are completely unsuitable for everything else.

If we compare the cost of special ASIC equipment with the price of one average farm, it turns out that a mining farm will cost much less, even if you buy a ready-made one.

The capacity of farms at the same costs will be approximately 1.5 times less. But when buying special equipment for mining, there is a high risk that, if the threshold for entering the system increases greatly, you will not be able to mine anything on it, and there will be no one to sell it to, since the designs are not suitable for anything else.

Therefore, if you only want to engage in mining with maximum profitability, then it is better to buy a ready-made installation that will mine cryptocurrency. Prices: from 3 thousand dollars for the minimum configuration.

Mining farm as a new device in the world of computer technology

We think it's best to start the explanation with a very simple analogy. We all know what the Internet is, we all use it every day. But the Internet is not a thing in itself; for its functioning, it requires servers that are scattered all over the world and store certain information. It’s the same here: mining farms act as a kind of analogue of a server for cryptocurrency, although their main task is not storing information, but computing operations.

Now, in addition to Bitcoin, there are many different cryptocurrencies on the market, and they all have different requirements for the necessary equipment. While the cryptocurrency is young and the complexity of its blockchain is low, operations for its functioning can be carried out on a home personal computer. But over time, the complexity of calculations increases and a conventional computer becomes insufficient, and this happens in the vast majority of cases.

Resourceful people came up with the idea of ​​​​using ordinary gaming video cards for these purposes, since the architecture of their chips is much better suited to the needs of calculating cryptocurrency blocks than central processors, which means that as a result we get a huge acceleration in work. It is believed that video cards are now the top devices in mining, and it is very difficult to argue with this. Mining equipment based on video cards is assembled for pennies and in modern realities pays for itself quite quickly. In addition, if the situation on the cryptocurrency market is such that it becomes unprofitable to maintain a farm, video cards can always be sold to ordinary users, which cannot be said about some special equipment.

Thus, the mining farm has become a new device in the world of computer technology and is now very popular. Of course, due to the rise in the value of almost all cryptocurrencies, there has been an unhealthy hype around video cards, which means that manufacturers are forced to raise prices in order to reduce the risk of losses to zero in the event of a massive return of cards. This is due to the fact that not all miners operate their cards in the conditions in which they should be used. They often work in attics, basements with high humidity, or in close quarters, where the temperature is much higher than normal, which cannot have a positive effect on the operation of the farm. But a guarantee is a guarantee, so the manufacturer must still return the money for the failed card.

This begs the question: is mining in modern realities or is it not worth even trying? Well, this article is not entirely about that, and a more narrowly focused article will better explain everything to you. However, it is worth saying: in order to mine, you essentially do not need a large farm, at least not immediately. If you still decide to try to join this “celebration of life”, then it is quite reasonable to first use your game card, which you already have, just to find out what it is. Perhaps this is not your topic at all. But if you like it, then decide whether to invest additional money or not.

What cryptocurrency to mine on your farm

The question of which cryptocurrency to mine is quite interesting and controversial. On the one hand, there is a clear answer - ether. On the other hand, the complexity of mining and small rumors about changes in mining algorithms force us to look for backup options.

These options can be divided into two groups:

• Famous cryptocurrencies;
• Altcoins that are gaining popularity.

It’s up to you to decide, but dealing with popular cryptocurrencies is much safer and more profitable, and more profitable with those that are gaining popularity.

If you want to mine new altcoins, it is recommended to invest money not only in the production of this cryptocurrency, but also in the purchase. So, as the value increases, you will receive more money from the farm and have a stable passive source of income from your investment.

But dealing with altcoins is now very unsafe. You can easily go broke and lose several days/weeks, or even months of your farm’s work. Therefore, if this is your only farm and one of the few sources of income, then it is better to limit yourself to popular cryptocurrencies like Ether, Z-Cash, etc.

There you need to select a mining algorithm, set the power, and after that you will be given a list of options with the profitability of each of them.

Cryptocurrency mining process

There are many cryptocurrencies. Among them are both established mastodons and new, albeit promising, but not so successful solutions. Moreover, each cryptocurrency has its own characteristics both in mining and in calculations. However, they are all united by a technology called blockchain, or a chain of blocks that is made up of completed transactions. Thanks to them, electronic cash is mined on cryptocurrency mining farms. Blockchain is the basis for the functioning of cryptocurrencies. Here it is worth highlighting the following main characteristics:

1. Miners create new blocks in the chain, for which they receive a financial reward in the form of new units of cryptocurrency.
2. Each block contains information about all wallets, transactions, technical data, as well as a special number (hash).
3. A block is considered completed when it is “recognized” by all participants in the network, that is, millions of other users and miners. This “recognition” comes as Bitcoin mining farms open a new block.
4. Each new block contains the id of the previous block, that is, all the information that was in it.
5. This serves as a guarantee to exclude the possibility of multiple use of the same electronic cash (in cryptology, the solution to the “two generals problem”).

How much does a mining farm earn?

The most interesting question is, of course, “How much does one mining farm earn?”

It will not be possible to answer this unequivocally due to the fact that, firstly, there are different farms, and secondly, the cryptocurrency rate has been actively jumping in recent months, and it will no longer be possible to talk about exact figures.

The only reliable figures that can be obtained are the payback of video cards. If we consider the most popular model in Russia now - NVIDIA GTX 1060, then the payback period varies from 140 days to 200, depending on the cost of cryptocurrency and electricity. Well, from setting up the farm, of course. Other video cards take a little longer to pay for themselves.

By overclocking the video card, you can significantly reduce the payback rate of the farm, by about 20-40 days. True, such a farm will heat up more, consume more electricity, require a better cooling system and, in principle, will last less.

Therefore, miners are forced to balance between income right now and the prospect of stable earnings for several years. But since the future is still vague, despite the increasing interest in cryptocurrency, experts still advise overclocking your video cards, if, of course, you know how to do it.

Moreover, judging by numerous articles on the Internet, investments in a farm pay off in 100-110 days. But if you explore the topic a little deeper and look at reliable forums, the figure will increase to 140-150 days at best. Based on our realities, we can talk about semi-annual investments, and in some cases, annual ones.

That is, video cards pay for themselves in an average of 150 days + equipment from the cooling system, motherboard and electricity will take another month. In total we get 5 - 6 months of payback.

For those who like specific numbers, it will all sound something like this:

• A GTX 1060 farm brings in 90 rubles per day x number of video cards;
• A GTX 1070 farm brings in 120 rubles per day x number of video cards;
• A GTX 1080 farm brings in 130 rubles per day x number of video cards;
• A GTX 1080 TI farm brings in 180 rubles per day x number of video cards.

Data valid for September-October 2017. What will happen next is still unknown.

If we compare prices with profitability and payback period, it turns out that the more expensive the video card (from those presented in the list above), the greater the profit and payback period will be.

That is, in the long run, it may turn out that the nominal income from 1 farm with 1080 TI will be higher, but for the same money that was spent on 4 TI video cards, you can buy 3 farms with 1060.

It is now difficult to find real data on how much farms bring in per day. And it’s even more difficult to predict its income, because due to its great popularity, mining algorithms are becoming more and more complex, prices are still jumping, and cryptocurrency sellers at any moment risk simply collapsing the market with their actions.

We recommend reading: How to earn Bitcoins - 9 working methods from scratch + instructions for withdrawing cryptocurrency.

How much does a mining farm bring in and how to calculate the payback?

Earnings on a mining farm depend on a number of parameters:

1. the cost and complexity of the mined cryptocurrency network;
2. total hashrate of the farm;
3. energy consumption W/hour and cost.

Accordingly, calculations of how much you can earn are carried out individually, taking into account the cost of electricity in the region.

For calculations, you can use online mining profitability calculators, which take into account the current complexity of the network and the operating algorithm. By specifying the parameters of power and cost of electricity, the service will automatically display the net profit from the operation of the mining farm per day, month, year.

To independently calculate the payback, you need to display the average earnings from mining per day. To do this, the total number of mined coins must be multiplied by the cryptocurrency rate, subtract the money spent on paying for electricity, and divide the resulting amount by the number of days worked. Next, we divide the cost of the equipment by the resulting amount and get the number of days that the farm must operate in order to fully pay for itself.

Tips for working with mining farms

To see if mining is worth it at all, do some research with hardware suppliers. This is called cloud mining. It will allow you to understand whether there is money in cryptocurrency, whether it is profitable to invest in it, and generally get a “taste of money” in this business.

While you are testing cloud mining, you need to watch training materials on:

• Creating a mining farm at home;
• Overclocking video cards;
• Correct setup of equipment.

This is done so that you simply do not lose your investment. And now you will have to spend 100-110 thousand rubles on the first farm, which is quite a lot, taking into account the unstable economic situation.

Once you've tried cloud mining, compared all the costs and watched the training video, it's time to start building your own farm.

This is done quite simply, we even told you how. But one important point is still worth remembering: you need a normal cooling system. Overclocked video cards get very hot, and overheating is one of the most common causes of breakdowns of gaming video cards, not to mention mining, in which poor cards work even harder.

And now about acceleration. As they said on one of the forums: “If you can’t overclock your video card for mining, then it’s better to find yourself a stable job.” No matter how harsh it may sound, it is true.

Overclocking a video card from scratch is not an easy task, especially when you have absolutely no experience in it. But YouTube is one big instruction on how to overclock video cards, including for mining.

To understand how to overclock video cards, watch the video:

And one more, but very important note. If you are assembling a mining farm at home, then you need to live either with very peaceful neighbors, or in a house with very good noise insulation, since the farms hum quite loudly.

I want a farm! Where to begin?

So, if you are determined and no arguments can shake your desire to acquire your own system for mining crypt, then you need special equipment and software. The second one is easier - go online, look for the option you need and download it completely free.

But with hardware everything is much more complicated. And there are many types of this equipment, so figure out what’s worth buying and what’s not. And you will have to spend quite a lot of money. It’s possible, of course, not very much, but then you can’t expect much income. Well, and problems with assembly, configuration, maintenance. In general, there is enough hassle, and you need to have at least basic knowledge.

There is also an option such as buying a ready-made farm. Finding such offers is not a problem, but such an “easy” option will cost you almost half as much as a self-assembled system. Moreover, there will be no confidence in the quality and performance of the equipment, because, perhaps, the system has already been actively used, and there is nothing left for it to survive. So the option of purchasing individual components and setting up production yourself is still preferable.

What to do with the farm if cryptocurrency goes to the bottom

Frankly speaking, the situation in which the cryptocurrency breaks the bottom is almost unrealistic. Demand for bitcoins, the flagship virtual currency, has been growing steadily for more than eight years. This is a pretty good indicator.

Another question is that there were periods when it sank significantly, and lost up to 50% of the positions earned for the year within 1-2 weeks.

It is in light of this uncertainty that people are wondering what to do when “mining ends.” This is especially true with the government’s statements that it seems to want to regulate the circulation of biktions and cryptocurrency in general, but continues to firmly tighten the screws on money laundering.

The easiest option that comes to mind is to sell components. And this is the most correct option. You will have nowhere else to use your computing power except to mine another cryptocurrency.

Those who are seriously thinking about assembling PCs from mining rigs can be safely advised to forget about this idea. You will have to spend an amount comparable to the cost of a farm on components for 3-6 PCs (depending on the number of video cards). At the same time, you will also need to understand that a used video card will cost much less than a new one.

All that remains is to closely monitor the video card market, and immediately after the equipment becomes obsolete, throw it onto the secondary market, within a week at most.

Important fact . The Russian secondary market is now reacting very sharply to everything that happens to the economy. But despite this, computer components have always stood apart, because there are always gamers, and they need hardware. Therefore, if you carefully consider the moment, dismantle the farm and sell the video cards, then you can easily recoup the cost of the farm in a week, if you have time.

But everything is not so sad. Blockchain technology is very interesting for businesses and entrepreneurs. Therefore, cryptocurrencies will continue to be created quite actively.

True, these are often HYIPs and financial pyramids, which are made in order to collect money into the owner’s wallet. But in some cases, worthy and interesting projects emerge. So, the same ETH in 2014 was “another alternative to Bitcoin,” and now it is already the second cryptocurrency in the world.

The world of currencies is developing very quickly and in the near future, perhaps we will get two or three more worthy replacements for the old cue balls.

Therefore, do not rush to part with mining farms and think about what to do after Bitcoin or Ether loses value. You will be able to mine and trade altcoins that are just starting to appear. With smart investments in trading and investments in equipment, you can earn good money.

Costs for setting up a farm

To buy a modern ASIC board, a farmer needs to spend a lot of money . When equipping a farm, a businessman buys several of these boards, and ultimately invests heavily in this business. Other significant expenses in this business are the necessary equipment for cooling , the cost of electrical energy and the maintenance of specific equipment.

As a result, today, more often than not, large companies - monopolists of huge farms - mine many tokens of various cryptocurrencies. It is known that the largest mining farm is located in China. In this country, when mining coins, they use large hangar complexes, in which users work on powerful processors and receive huge profits.

A novice miner can purchase several video adapters of the latest configuration, or 2 ASIC boards and create his own small farm to obtain various cryptocurrency coins. However, it is difficult to determine the approximate profit a farmer will receive. This directly depends on the performance of the computer equipment on the farm, and what tokens the businessman receives.

Accessories

Motherboard GIGABYTE GA-970A-DS3P Sockel AM3+ about 4150 rubles processor 235 rubles (this will always be loaded at only 20%) Cooler ZALMAN CNPS90F 480 rubles RAM Kembona DDR3 4GB 1600MHz (for AMD) 715 rubles (enough 1 bar) Solid (which is not hard, because solid-state) drive Innovation SSD IT Black 120GB about 1150. The system will actively use the swap file - 8 GB per card. Therefore 120GB.

SAPPHIRE AMD Radeon RX Vega 56 8G NITRO+ Limited Edition video cards Raisers (PCI-express extenders) CHIPAL VER006 molex at 250 rubles per piece (take 1-2 pieces in stock) Power supply Seasonic Prime Ultra 1300 Platinum (80+Platinum) 1300 Watt about 14,800 rubles. 12 years warranty from the manufacturer! Due to its high efficiency, such a unit will pay for itself in 1-2 years compared to any cheap budget unit from China. Another option is to limit yourself to gold for 11900, it is also good. A good power supply is not only stability and reliability, but also electrical and fire safety (!!!) .

Next, we lay out the equipment and begin assembly.

Mining with ASIC

The difficulty of mining is constantly growing and even the most productive chips do not provide the profitability that was expected. As the next stage of cryptoevolution, ASICs were invented - integrated circuits that are designed to solve special problems.

ASICs were originally developed for mining exclusively Bitcoins and are now the only cost-effective way to mine the world's most famous cryptocurrency. ASICs are expensive equipment, the price of which can exceed $10,000. Moreover, they consume a lot of energy. But with it, the level of hashrates is much higher.

Before buying an ASIC, you should think twice and calculate the profitability.

There are many services for this, for example AsicTrade. Go to the official website - https://asictrade.com/calc.html.

Next, select an ASIC miner, indicate the cost of electricity, and AsicTrade will calculate the profitability of this venture.

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