There is only one essential requirement: a good graphics card with at least 6GB of RAM. The cheapest graphics cards that meet the mining requirements are Nvidia 1060 6GB and AMD RX 480 8GB. Well-established mining rigs and individuals who arrived early paid unbelievably. Just like in the days of the gold rush, it was easy to get very rich without any chance. GPU mining reached an all-time high in early 2021, and no one thought there would be more miners in the future. Graphics cards were missing all over the world. Factories could not keep up with demand. However, the number of graphics cards working in the mining sector has tripled in just one year! Find out how to start mining your favorite cryptocurrency and how to determine the costs you will incur. It is possible to build a mining rig or buy a ready-made one with a much higher hash rate. The higher the hashrate, the more profitable mining can be. Now, before we take our shovels to start mining digital gold, let`s understand how people make a profit and you even get Bitcoin as a reward. Mining has now officially begun. It will continue until you keep the mining program open.

If you close it, you can always run the eth-pool file again.bat to restart mining. You can build a computer that can mine cryptocurrency, but you will need special hardware. Most of Nvidia`s graphics cards are capable of mining. However, some may not be fast enough to buy for mining purposes. Average requirements for an Ethereum or Zcash mining system, depending on whether we choose AMD or NVIDIA graphics, taking into account the recommended hardware for this type of system. Cryptocurrency mining is becoming more and more popular and we need to know what we need to be able to set up a mining rig. We are sure that we have the clear components, but we will more or less comment on what we need, the minimum to assemble one of these systems. The riser is the last item we need for our mining rig.

We will let you the image of all the elements that we buy must wear, but the most important thing is that it is a version 6 of it and as similar as possible to the image, which are those that offer the best performance and features, in addition to the built-in protection. The average price of these units ranges from €6 to €10. One of the most expensive points is the power supply, just behind the investment in graphics cards. Here we can opt for solutions from 150 to 200 € with 80Plus Gold certification and a minimum power of 1000W. If we opt for a system with six graphics cards, we need at least two power supplies, each supporting three graphics cards. The 87W Enermax Revolution 1000 costs around €180 and is one of the highest rated for mining and we also have the 1250W Chieftec Nativas which costs around €230 and both support three graphics cards. These are the most expensive components, but hey. To find your mining statistics, you need to copy your wallet address: bc1qzdnd377m8jl6t79xkph8vvt6fkx4a8ntrnxz67, and paste it into the search box at the top of the 2Miners.com pool website.

You will see a page with your statistics. If you don`t see it right after starting the mining program, it`s normal. You should wait 5-10 minutes. This time, however, it looks like GPU mining could really become unprofitable. Ethereum, the leading cryptocurrency for GPU mining, plans to move from GPU mining to the so-called proof-of-stake consensus mechanism in 2022. No one can say if this will actually happen. In the worst case, there are other cryptocurrencies that can be mined on GPUs. Read more about them in the corresponding article. It is relatively easy to start mining because most mining clients are installable and have graphical user interfaces.

You can connect to a mining pool, enter the mining address you obtained in your mining client, and start mining. With both methods, you must first set up your own mining beast to mine the digital gold. Keep in mind that the computer runs 24/7, so GPU depreciation and electricity costs need to be taken into account. Most mining software is free to download and use, and is also available for various operating systems. For popular cryptocurrencies like Bitcoin, you will find that several types of software can be used. While many of these options are effective, minor differences can affect your mining operations. It is important to note that a mining rig, even the S19 XP Hyd., cannot empty mining farms and swimming pools. The FoundryUSA mining pool accounts for about 23% of the hash rate of the Bitcoin network, about 47 EH/s – 47 million TH/s. You`ll need 183,313 XP S19s to keep pace with FoundryUSA. Here we can opt for more variety, always for at least 4 GB of RAM, more than enough for these systems. We can choose one or two modules, although we recommend this second option to take advantage of the dual-channel configuration. We recommend buying memory with a built-in heatsink because it improves the performance of the memories and if we decide to get rid of the system, they will be easier to sell second-hand.

For about 40-45 € there is a fairly simple module connected and for about 70-80 € two modules (yes, the price of DDR4 RAM is ridiculously high). Websites are created that can give you estimates of what you can generate with certain materials. The operators of the NiceHash mining pool have compiled an informative website where you can enter your mining equipment and get return estimates based on the equipment of the users in their pool. With this tool, you can determine if you are generating enough of your hardware to pay for it and continue earning, and how long it will take. $1.85 a day is fine, but how do you actually get it? There is a minimum payout threshold in the mining pool. From now on, it is equivalent to 0.005 ETH, which corresponds to 15 USD at the current exchange rate. So you have to mine for about a week to get your first payment. You can monitor the process on your statistics page on the pool website.

The most profitable cryptocurrencies are much harder to mine than in the past. Most have a mining difficulty that increases over time, and the number of miners with large-scale mining operations has taken over most of the hashing power of each cryptocurrency`s network.