**What is a mining rig?**
If you are not new to the crypto universe, you will already know that mining is the process through which computer power is used to solve a complex mathematical puzzle, review and verify transaction information, and create a new block so that the information can be added to the blockchain. Well, anyone who wants to become a cryptocurrency miner will sooner or later have to deal with setting up their own mining rig. If you have never heard of it and don’t know what it is for, you will learn below what a mining rig is and its importance in cryptocurrency mining. Let’s get to it.
Mining rigs are mining platforms that have one or more computers designed for the mining process. Mining aims to keep the blockchain of the different cryptocurrencies up and running and safe from potential attacks. When it comes to mining cryptocurrencies, you need a lot of computing power and electricity to earn the rewards, and mining rigs allow you to do the job faster than other computers and can earn more.
**Depending on the type of mining hardware they use, mining rigs can be classified into 3 types:**
The advantage of this type of mining is that it does not require high equipment or electricity costs.
The disadvantage is that it is the slowest form of mining, has a low hash rate, and is very unprofitable.
Although CPU mining is not advised, several altcoins do allow easy CPU mining.
GPU mining equipment uses compelling graphics cards with high hashing power. There are dedicated or simple GPUs (desktop PCs used, for example, for video games, usually have compelling graphics cards).
Generally, to get the best results, you should use the maximum amount of GPU available. But, even if you have simpler equipment, the results are not long in coming and are noticeable. The only disadvantage is that they are quite expensive and require maintenance, cooling, and electricity.
They are also the most widely used devices for cryptocurrency mining, as they promise good profits. However, they are not the most environmentally friendly and cheapest solution.
These are the three most popular types of mining rigs in the crypto ecosystem, and, as we have seen, GPU rigs are the most popular, followed by ASICs and CPUs. A mining rig operates using mining software, which is necessary to connect the mining hardware to a given mining pool. Before participating in completing transactions on the network, the mining rig notes the hash rate of the platform in the mining pool of which it is a part.
As we have seen, a Mining Rig is a necessary investment to make if you want to generate extra income by mining cryptocurrencies.
**_So, if you want to become a mining crack, assemble your mining rig, put it in a ventilated place, and start it up! Your mining platform is ready to mine cryptocurrencies._**
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Just like cryptocurrency wallets, there are three different types of mining rigs. These were the three types of the most used mining rigs out there. Although the information may vary, the most popular out of the three stems to be the GPU type, with ASIC and CPU ones as follow-ups, respectively.
**_Now that you have a general understanding of the main types of mining rigs, their pros, and cons, we can move on to the main topic at hand - how to build a mining rig?_**
Let’s say that when you’re thinking about how to build a mining rig, you’re thinking about a GPU one. ASICs are devices on their own (they require no initial building from your part), while CPU rigs are built the same way as the GPU one, with their main component being the one differentiator. So how to build a mining rig? Well, first, you must know what to consider when picking the parts for your rig.
Naturally, there are quite a few things to consider, but the main ones would probably have to be hash rate and energy consumption.
Hashrate defines just how powerful your rig is. It’s a way of knowing how many calculations your rig can perform in one second. The higher the amount, the better. Naturally, though, high hash rates mean high power demand, resulting in a high electricity bill. For anyone thinking about how to build a mining rig, this should be a big factor to consider.
Energy consumption is another major factor to consider when thinking about building a mining rig, and people tend to disregard it. It would help if you never let the illusion that “I bought my mining rig components, which means I’m done spending” get in your head. Mining energy costs might not only match your profits but even exceed them and leave you completely broke and in debt.
When choosing your hardware, always try to strike a perfect balance between the power of a component and the power consumption.
Finally, don’t just jump into the first market site and buy everything that pops up on your screen when you Google “best hardware for building a mining rig.” With a little bit of digging, you might find the same components a lot cheaper. Be smart - cryptocurrency mining is a competitive business, so every dollar counts!
**Generally, what you’re going to look for are the following parts:**
With all the parts acquired, let’s move on to the building process itself.
The building process itself is quite straightforward. Let’s talk about how to build a mining rig.
The first step you’ll need to take is setting up the motherboard inside the mining rig frame. Building a mining rig becomes that much easier when you’ve already picked a suitable spot for the rig to stay in, though, so pick a good spot in advance.
After you’ve set up the motherboard, plug the cables into the CPU. Set up the graphics cards and the needed hardware and plug the cables in, respectively.
Now that you’ve got the hardware in place, double-check the cable placement, and if all’s well in place, it’s time to move on to the software.
Depending on the software you’ve chosen, your rig might have a few fancier functions or be completely basic. Fancy doesn’t always equate to good, though, so pick a secure software, has a good reputation, and works well.
The online crypto forums are an excellent place to look for and review cryptocurrency mining software. When thinking about building a mining rig, software shouldn’t be excluded from the picture - good software is often what makes it or breaks it. After installing the software, configure the options to your liking and proceed with the setup. Your device will have to reboot a few times before it’s fully operational, so be patient.
After all of this is done, you can officially begin your career as a professional cryptocurrency miner!
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Operating mining farms and providing online cloud mining services for the past six years, OXBTC has brought 30,000+ BTC to miners from over 50 regions. OXBTC has a simple and quick investment entrance for new miners/investors. As one of the oldest multi-currencies mining providers, OXBTC provides a great mining bonus for new users to get started and understand how cloud mining works and gain profit in the OXBTC websiteor OXBTC App.