To become a Bitcoin miner, you need a mining system. You can purchase a pre-built rig. However, they may cost more than a custom assembled mining rig.
How to Start
The whole mining system can be noisy, build up a lot of heat, and needs to operate 24/7. A Bitcoin mining operation is quite an extreme environment to be working in. An open-air frame is necessary for the ventilation of the GPU. You need to ensure that your GPU can breathe. You need to replace burned-out cards, clear the dust, and perform various other maintenance so that your components stay in working condition. Building your mining rig is no different from building a gaming pc. If you make it yourself, you may know how to maintain and service the hardware if anything goes wrong. If you do not have the time to build one, you can always go for a pre-build.
The pre-built mining rigs may come with a maximum of 2 GPUs, whereas custom-built rigs can contain many more GPUs than that. A new or used mining rig costs a couple of thousand dollars. Buying a used mining rig would give you a GPU that has been worn out already and has a minimal lifespan on it.
What to prepare before building mining rigs?
The rig requires just a basic Windows OS and some mining software, to begin with. Once you have selected the casing for your mining rig, you can start looking for the motherboard. You don't need a top-of-the-line motherboard for your mining rig. The main goal is that it should be able to accommodate the maximum number of GPUs.
These MOBOs should also be customizable. You check out the motherboards made by Asus, MSI, or Gigabyte. Once you have found these components, it's time to select the CPU. You will require a modern multi-core CPU with 4-8 GB of RAM. You don't have to overclock the CPU to bring out more performance by compromising stability. The basic Intel CPUs such as Celeron or Pentium will suffice.
Which GPU to Buy?
People often purchase AMD or Nvidia GPUsfor mining individuals or participating in a mining pool. You may also find good deals for six-packs or even older models, which will still get the job done, even when contributing to mining pools.
For a mining rig, you need at least a 1000W power supply and a strong internet connection. It would help if you had a gold-rated mining power supply as these mining systems run at high loads 24/7. This can vastly increase the electricity bill! For a more extensive mining system, you can couple two power supplies.
After all the expensive GPUs and high wattage power supplies, you can save some dollars for storage and RAM. An 8GB RAM is recommended for a PC running Windows operating system; however, you can do with a 4GB. Just remember, if you have low power rates, or spare parts lying around, you can easily set up a mining system for a little or no additional cost without breaking your bank account.
Thanks to the Bitcoin market's volatility, you may take longer to break even for the mining setup. If you ever do begin mining, our advice is not to invest more than you can afford to lose. Also, do not even think about breaking even in just a couple of months.
It would be best to keep in mind the difficulty of mining a block of Bitcoin in today's world. If you have some hardware lying around, you can give it a try!
Mine on OXBTC
For those who are unfamiliar with technology and don't like trouble, cloud mining is a perfect solution.
No need to deploy the mining machine yourself. Just purchase the product online, and you can enjoy the professional services provided by OXBTC. Follow OXBTC's Crypto Investment Strategies and Get Positive Profit from Crypto Mining.
A Variety of Mining Rigs and Global Layout of Mining Farms -- OXBTC ensures the stable and uninterrupted operation of the machines in all aspects in its global layout of mining farms for OXBTC has reached in-depth cooperation with many top mining rigs manufactures around the world and boasts a competitive supply chain. With thousands of professional mines under its management across Asia and America.
The essence of the service is that a third party hosts mining equipment and provides access to the rewards associated with the equipment.
Mining machine recommendation
1. BTC Antminer S19
The BTC Antminer S19 is based on the Antminer S19 series with low power consumption, running by joint mining form to share profits and bear risks together.
Name： BTC Antminer S19
Contract miner： Antminer S19
Maintenance fee： Depends on the actual situation
Products Delivery date：2021-08-09
Profits Delivery Date： The actual settlement time of the mining pool
Contract Term：160 days
Expected Daily Profits = 0.00000932 BTC ($0.36)/Day
Electricity Price \*24H\*the Quantity of Hashrate
Expected Daily Profits\*Commission Rate
(Expected Daily Profits-Daily Electricity Fees + Maintenance Fees) \* The Quantity of Hashrate
1. In the actual operation of the miner, the hashrate may be insufficient due to electricity failure or machine failure, and the risk shall be shared by all users who subscribe for the product;
2. Electricity costs may fluctuate due to changes in national policies and electricity costs, OXBTC reserves the right to adjust electricity fees.
3. OXBTC has no obligation to compensate for early termination of contracts caused by force majeure such as legal policy, war, earthquake, fire, power failure and etc.