Setting up own mining rig might seem to be intimidating but it is very similar to assembling a computer. Just like a computer, the mining rig has components like motherboard, RAM, CPUs, GPU. HD etc.
If you’ve ever gotten your hands dirty at assembling a PC, you should be able to sail through smoothly. In case you haven’t, we’ll make sure that this guide demystifies the process and clears all your inhibitions. Trust us, setting up a rig ain’t no rocket science. In fact, it’s so much fun.
Note: In this guide, we will be talking about how to set up an Etherium mining rig. You can also use the setup to mine other cryptos like Monero, decreed etc
When it comes to setting up your own rig, the most important thing is choosing the right hardware. Once bought, you have to stick with most of the hardware throughout your mining journey making it imperative to choose wisely.
Buying the apparatus
Think of the motherboard as the nervous system of your computer. All the rig hardware – right from the GPUs to the power supply is plugged into the motherboard and different components communicate with each other through the motherboard. The main feature which you need to consider while buying one is the number of GPU slots it supports.
Let’s suppose that you buy a 6 GPU motherboard and after some months of mining, decide to add some more GPUs. In that case, you will be forced to buy another 6 GPU motherboard. However, if you would have bought a 13 GPU motherboard in the first place itself, you wouldn’t have had to do that. It is therefore recommended to make a clear decision with regards to how many GPUs you will be eventually using to mine before buying the motherboard.
Why would you want to add more GPUS?
Remember that your hashing power is directly proportional to the number of GPUs connected on the motherboard. If at some point of time, the network complexity increases and you would not be able to mine as much cryptocurrency as you’d like, you will definitely want to add more GPUS to increase your hashing power thereby increasing the amount of crypto you mine.
Here are some motherboard options you can consider:
ASRock H110 Pro BTC ( 13GPU )
It’s your graphics card which determines your hashing power and thereby the rate at which you mine cryptocurrency.
Since we’re referred to the human body analogy earlier, let’s say that a GPUs hashing power is synonymous with the muscle power a human possesses. The more the muscle power, the more work can be done.
Most people make the classic mistake of just considering hashing power while buying a GPU. The right GPU for you should be one which not only promises high hashing rate but is also efficient in terms of power consumption. An amalgamation of considering these two factors is what should land you the best bet.
Power Supply: The only factor you need to consider while buying the power supply is how much power will your rig consume in totality. If you have a 4 GPUs that consume 150 Watts each and the rest of your components consume 250 Watts, you need to make sure that your power supply can power more than 850 Watts ( 150 * 4 + 250 = 850 Watts ). In the aforementioned case, a 1000 watt Power supply should be ideal for you.
Risers: One of the biggest issue with the graphics card is that they all won’t fit on the motherboard together due to the minimal spacing between the GPU slots. To counter this, you need risers.
Risers basically act as extension cables to plug the GPU, connect the GPU to the motherboard and enable you to utilize all the slots without any hassle.
RAM: Mining doesn’t demand high R as such. All you need is a 4 GB RAM
Hard Drive: The Hard Drive is required to store your operating system and software for mining. A basic SSD Hard Drive should seal the deal.
Case: The choice of the case you choose to use will entirely depend on the size of your setup and your taste. You can either buy a custom-made case or make one on your own if you are on a shoestring budget.
Once you’ve sourced all the hardware, all that remains is putting it together and installing the software.
With regards to the software, the first thing you need to decide upon is the operating system. You can either choose to take the traditional route and go for Windows and Linux Ubuntu or opt for specifically designed mining operating systems like Simpleming or EthOs ( only for Etherium mining ).
After the operating system has been installed, you will have to join a mining pool to mine efficiently. We will be talking about pools in depth in our bitcoin mining pools blog.
If you still have any queries or need help setting up the rig, you can reach out to the Bitcoinnxt team. We would be more than happy to help you.