Building an Ethereum mining rig is really like growing your own money tree. The rig will run and crank away and create wealth (in digital currency) while you sit back and reap the rewards. It takes a little tech savviness but anyone can learn how to build their own rigs. This guide will show you step-by-step instructions on how to easily build an Ethereum mining rig.

What is Mining? Why Does Ethereum Need to be Mined?

Mining is the glue that holds Eethereum’s ‘decentralized app store’ together by ensuring that it comes to consensus on each change to any of the applications (dapps) running on the network. Essentially mining helps verify and validate transactions within Ethereum’s network. But what do miners get in return for doing all the heavy lifting?

Ether reward coins. The catch is that mining tends to require more and more power over time, as more people invest in more powerful hardware. Average Cryptonex CNX Mining Speed more. This is called mining difficulty and increases exponentially with the number of people mining and competing for their Ether reward.

So If that is the case why does everyone continue to mine? Doesn’t it become unprofitable? Yes in the sense that if difficulty gets too high, the number of Ether coins you get in reward doesn’t offset the cost of electricity and/or cooling. But usually, when that happens, people tend to stop mining or move to another coin.

Once that happens, difficulty drops down and Ethereum becomes profitable again to mine. Another reason why people continue mining even when it’s unprofitable to mine Ethereum is because of their belief that Ethereum will be worth much more in the future. Even though Ethers are worth around $300-$350 now, in 5 years they might be worth $3000-$3500.

If you’re into Linux, Eth OS is a 64-bit Linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. Build an Ethereum Mining Rig Step-by-Step. Ethereum (ETH) Ethereum GPU Miner 160MH/s-170MH/s. PC ATX All in1 Power Reset Switch On/Off HDD LED Cable Kit for any desktop computer or mining rig.

So even if mining now is unprofitable, the coins will rise in value as time goes on. How is an Ethereum Mining Rig Different From a Normal Computer?

Looks awesome right? A mining rig is made up the same components that go into normal desktop computer. But there are a few differences. In a normal desktop computer, you kind of have a good balance between CPU, RAM, GPU, and HD.

With gaming computers, you have higher clocked versions of CPU, loads of RAM, one or two GPUs and SDDs. With mining rigs, you want the lowest clocked CPU, bare minimum RAM, 5,6 or 7 GPUs and a very basic HD. Oh, and as you can see from the picture, you don’t want nor can you fit all those GPUs instead of a normal case. You can use a nice custom made case as you see above or something cheap like a milk crate. Picking the Parts for an Ethereum Mining Rig Graphic Cards (GPUs) for Mining When it comes to picking GPUs, you want the select the best bang for the buck. You’re looking for something with high hash rate, low cost, and low power usage. You can start with as little as 1 GPU or as much as 7 GPUs within one rig.

Normally you see 5-6 in a mining rig as 7 is incredibly hard to make stable. The best balance is for the GPU to have a high hash rate (the speed which it can mine) with a low power consumption. Below are the best GPUs for mining Ethereum.

Listed from best to worst considering hash rate and power consumption. • – 33 MH/s using 200 watts.

Mining solo, while sometimes more profitable, it’s usually not the right choice for most miners. When mining solo, you are doing all the work alone which means that you’ll receive the entire block reward, the problem is that mining is also based on a luck factor, which means that if your hashpower isn’t high enough, you may never see a reward come your way. With pool mining, however, this variance is eliminated and you receive payments that correspond to the portion of the work that you have done.

Is an established smart-mining multipool that allows users to mine the most profitable cryptocurrency at the time. MinerGate allows users to mine coins through a smart-mining option ( auto switches to most profitable coin) or choosing your favorite cryptocurrency manually. Merged-mining is available for FCN and MCN, allowing you to mine two currencies at once without the loss of hashrate for the main coin. If you didn’t want to use a smart-mining pool and wanted something more basic, then check out.

What Kind Of Miner Are You? Now that you have all the information you need to start mining Ethereum, the sky is the limit on what type and how many rigs you have. Do you want to stick being a beginner or do you want to become a farmer? 🙂 Building mining rigs are computer nerd’s version of building a car. It is extremely satisfying and as we know rewarding. Make sure wherever you plan on running the mining rig to have enough air flow. Best Gulden NLG Mining Hardware. GPUs running at 100% 24/7 generate a ton of heat!