Setting up a mining farm

To get Ether, you need to build a Mining Rig. Its main components include the power supply, motherboard, operating system, computer memory, and graphics card.

• A mining farm is like a regular computer assembled by yourself. Its only difference is the absence of a case in which all the components would be located. He needs good air circulation, as video cards get very hot during operation.
• The installation with one video card is capable of calculating approximately 27 million mathematical equations per second. It seems that this is a huge number, but in fact, right now, 600 trillion operations per second are performed on the Ethereum blockchain.
• For this reason, people join what are called mining pools. They allow you to combine hashing power with other miners around the world.

All that remains is to create a wallet. This is a kind of digital address for a cryptocurrency. They can range from physical hardware to web wallets. As soon as you connect the mining farm to the power source and the network, within a few minutes the wallet will begin to fill with ether.

Preparing to install a mining farm

The first step is to decide on the scale of the activity. If this is an installation, which includes up to several dozen cards, then it can be assembled at home. But if these are hundreds, if not thousands of devices, then there can be no talk of a residential building. First of all, they are very noisy and have a high heat dissipation. This can cause inconvenience when placed in an apartment.

In addition, mining farms require certain conditions for efficient operation, including moderate humidity and temperature in the room, in the presence of a powerful source of electricity.

It is necessary to decide in advance what kind of cryptocurrency the mining farm will produce. To determine the most profitable coins, profitability calculators are usually used, which will be discussed below. As soon as the coin is selected, it remains only to decide on the equipment and start mining.

But how does a user get their coins if they don’t have a wallet to store cryptocurrencies? No way, in any case, you will have to create a cryptocurrency wallet. This could be a mobile app, a hardware device, or a web app that receives rewards and stores them later.

How and where to buy a mining farm

The buying process shouldn’t cause any particular inconvenience. The main thing is to decide on the right model. Thus, a purchase can be made both directly from the equipment manufacturer and from its dealers.

As for the first option, in this case, the consumer protects himself from overpayments and possible fakes, but in return he receives it only after a few months. Of course, if it is on the manufacturer’s shelves at all.

In most cases, dealers instantly disassemble models that are in demand among miners. Therefore, if the manufacturer does not have equipment due to increased demand, or due to discontinuation from production, then the model can be searched on sites specializing in the sale of mining equipment.

When purchasing equipment on the dealer’s website, it will be delivered much faster, although the price may be much higher. In addition, if the search for new models did not end with success, then on the Internet there are a large number of resources offering used equipment for purchase.

To buy a mining farm, it will be enough to indicate the model of the requested equipment in the search box, after which a list of sites offering similar models for purchase will appear.

Mining software

Finding hardware for mining cryptocurrency is half the battle, it will need to be configured. To mine cryptocurrency, you need a separate program, it is called a miner. There are illegal miners-viruses that extract cryptocurrency bypassing the owner of the hardware – this process is called hidden mining. And there are common and safe cryptocurrency mining programs. Let’s talk about them.

Claymore’s Dual Miner

Claymore’s Dual Miner was invented to mine altcoins using the Ethash algorithm. It supports Navi maps and automatically configures video cards to work with cryptocurrency. Under the hood, there are tools for reducing card consumption, optimizing hash rates and overclocking a video card. In general, a good miner for Ether, which can mine two coins at the same time.

Has a commission, every 60 minutes it mines exactly 36 seconds to the developer’s account and switches back to the owner’s wallet. Cards with video memory up to 3 GB extract crypt with Claymore for free, and the second extracted currency goes completely without commissions.

Nicehash miner

Designed to turn any computer into a mining farm in 15 minutes. Pre-installed in NiceHash OS, simplified to the limit. Serves as a connection to the NiceHash ecosystem. In addition to mining, in the miner from Nicehash, they pay with money for the transfer of computing power for rent.

It is used for the extraction of any cryptocurrency, the peculiarity is that it is tailored for people who do not understand technology. Usually, owners of crypto farms need to dig with console commands, this is not in Nicehash. The miner checks the performance of video cards before launching and independently selects the most profitable cryptocurrency for mining.

Red Miner

Optimized for crypto mining on AMD graphics cards, not recommended for use on Nvidia cards. To properly configure the miner, you need knowledge of console commands and the ability to work with .bat files.

The first miner that can mine Ether on cards with 4 GB video memory. With one limitation – only on Linux. The RED MINER developers have implemented Ether mining on video cards with insufficient memory by splitting the DAG file into two parts. After Ravencoin switched to KawPow, this miner gained popularity among crypto farm owners. Suitable for most altcoins.

PhoenixMiner

An accelerated version of Claymore, the fastest miner on the Ethash algorithm, at least that’s what the developers say. In practice, yes, it is fast. Supports Nvidia and AMD, feels comfortable on Linux and Windows 10. But you will have to pay for the speed – 0.65% of the mined goes to the developers’ wallet: once every 90 minutes, the miner mines 35 seconds for the benefit of the software creator. Democratic commission, other miners charge more.

To ensure speed, the miner is able to change the timings of the video memory without flashing the BIOS, as is usually the case. On the fly, the frequency of the video chip, memory and voltage are regulated. The miner is optimized to work through OpenGL and CUDA to ensure the full use of the video card. Knows how to connect to secure pools.