During the global crisis, pandemic, and the generally unstable political and social environment, cryptocurrencies have shown remarkable stability. In addition, the economic downturn caused by the epidemic has played into the industry’s favor, not only in attracting professional cryptocurrency traders, but also reviving mining as a way to generate passive income.
Not surprisingly, countries experiencing difficult political and economic situations have seen an increase in video card purchases in recent months. In the Abkhazia region, where all cryptocurrency activities have been illegal since 2018, residents spent more than $ 500,000 on mining equipment over a six-month period.
Another factor that contributes to the further spread of mining is strong cryptocurrencies. Bitcoin (BTC) rose by nearly a third, while Ether (ETH), the most popular currency for mining, added $ 150 to the price, and the frenzy of decentralization has pushed gas taxes to unprecedented levels.
So here’s how to design a cryptocurrency platform – and see if it should be done at all, given all the risks involved.
Mining machine components
The cryptocurrency mine consists of a computer with multiple graphics cards, but no monitor. Computer cases are filled with graphics cards, a powertrain, a motherboard, and a cooling system. When connected, the screen can become a normal computer a user can open a browser or play his favorite video game.
The rig is connected to the internet and thus to the blockchain network. The network operates on its own to conduct financial transactions using the power of the graphics card. To be more specific, the mining process consists of:
A standard motherboard that has the ability to connect multiple video card connectors.
Hard drive or hard drive with a capacity of 100-250 GB of memory to house a cryptocurrency wallet, with an Ether wallet, which usually consumes 25 GB, and a BTC wallet, which requires 50 GB or more
Many GPUs, which are the most important components of the platform because they are the backbone that determines the cryptocurrency the user will recover, as well as their profits and timing in the future.
Energy device. Often installations with four GPUs require more than one power source. The two metals usually have several 750 W devices connected to each other.
Power adapter for video cards. Video cards are attached to the motherboard using special expansion cards called “risers”. There are many different types and models of switches, but the most popular one is PCI-E 1x version 006.
Cooling system, and it is recommended to have multiple coolers to provide additional airflow.
Another important detail is the frame of the drilling rig. The best frame is made of wood or aluminum. The size of the mining farm will be slightly larger than the frame due to the protruding parts, transformers and cooling system. For example, a setup with seven GPUs would be 21 inches (53 cm) wide, 12 inches (30 cm) deep, and 12 inches (30 cm) high.
After all of the dredger components have been purchased it’s time to design them, which is a fairly simple task for someone with equipment experience. In addition to that, there are several instructions on YouTube.
When the installation is ready, all you have to do is install some kind of program i.e. choose a mining program. Another method is to find a mining pool, and it is a popular mining method where doing it individually becomes more difficult due to the increasing complexity of cipher operations. Several tools are also available, such as TeamViewer for remote control and WatchDog, that automatically restart the system in the event the program freezes.
GPU map at the top
As a rule, there should be from four to seven video cards in the hangar – this is a number that will not go beyond the limits of stable operation, even if there are exceptions. Miners can connect 10 to 15 GPUs to a single motherboard, but seven is the optimal number because Microsoft Windows 10 can only detect that number of cards. But there is a way out: a specialized mining program based on the Linux kernel. In this case, it is important to choose a suitable motherboard, such as the ASRock Pro Series BTC + or similar.
It’s not easy to decide which video card is best for mining, as the answer only depends on how much money the miner has. In general, it makes no sense to buy more expensive and more powerful GPUs for two or three slightly weaker units, as there is a good chance that the cheaper units will yield more benefits due to their lower power consumption and upfront cost.