Mining farm how much you can earn per month. How much can you earn from mining per day? Mining farm income per month

A year ago, my parents kept dollars on deposit. But the rate dropped. They thought about what else they could make money on and decided to try cryptocurrency mining.
The essence of the experiment:

We buy a farm for $1,500 and check how much you can earn from it.
If the income for the year does not cover expenses, we sell the farm.

If you don't understand what cryptocurrency is and how it works, read the article about Bitcoin first. This article is only about mining.
For experienced miners

The article describes personal experience my parents are not very savvy people in these matters. Their experience may not be the same as yours. If you also bought a farm, make money from mining and want to tell us about it, write: [email protected].

We also remind you that no information on the Internet should serve as a guide to action without prior consultation. After this article, don’t rush to buy video cards - consult a specialist.
What is a farm

To mine cryptocurrency, you need a farm - a special computer that quickly solves cryptographic problems. All cryptocurrency works through a network of farms connected to the Internet. Farms solve cryptographic problems and thus ensure transactions. Farm owners are rewarded for having their computers included in the cryptocurrency network and serving it.

Some farms can serve one or more currencies, each with its own parallel network. For example, on our farm you can mine expensive and complex Bitcoin or cheaper and simpler Ether. But you can also buy a specialized farm for a specific cryptocurrency - check with specialists.

Video cards

The main thing in the farm is the video card. This is a special computer part, which in ordinary life is responsible for calculating three-dimensional graphics and video.

A modern video card is like a separate computer. It has its own memory, special processors, its own cooling, and it also consumes quite a lot of energy. If you play a beautiful 3D game and it doesn’t slow down, it means that the picture is being drawn for you by a powerful video card. But the card can also be loaded with solving cryptographic problems - it just so happens that the memory and processors of the video card are excellent for them.

Mining income depends on the number, performance and power consumption of video cards. The faster the card solves cryptographic problems, the faster you earn. The more energy it requires, the higher your electricity bills. At the same time, cryptographic tasks are gradually becoming more complex, so faster and more energy-efficient cards are needed.

How we chose video cards

There are two types of cards suitable for mining: gaming cards and miner cards. We wanted to buy gaming ones: we thought that when the calculation algorithm became more complex, we would have to change video cards and sell the old ones. Gaming ones, it seemed to us, are easier to sell because they have a “civilian” use: you can play games and edit videos on them. But it won’t be possible to sell the miners’ money so profitably. There is an opinion that components for mining become unusable within a year, or even faster, and in a year we will no longer sell either one or the other or we will have to significantly reduce the price. Let's see.

You can assemble the farm yourself from parts or order it from a company - they sell ready-made ones. We contacted the company, where we were advised to take mining cards. Gaming ones provide lower mining performance - they have lower processor and memory frequencies. They get hotter during operation and may break because of this. To avoid overheating, you can reflash it. But then you will lose the warranty and will not be able to repair the card for free in the service.

To choose a video card, we looked at the income forecast on the calculator. The calculator calculates the approximate profitability of a video card based on given parameters: processor frequency minus electricity costs. Also in the equation is the cryptocurrency itself: what its exchange rate is and how difficult it is to calculate it.

Video card performance is measured in megahashes per second - MH/s. This is the speed at which the video card solves cryptographic problems.

We wanted to take video cards with Radeon RX560 processors with a projected performance of 36 MH/s. When the farm was assembled and configured, it turned out that these video cards produce not 36 MH/s, but 18. I had to take the more expensive Nvidia 1060, they produce 28 MH/s.

In addition to performance, video card memory is important. The minimum memory for mining is 3 GB. Over time, the demands on video cards are increasing as calculations become more complex. That’s why we immediately took it with a reserve - 6 GB.

The remaining parts work for video cards: the motherboard must have enough slots for cards, and the hard drive must work quickly.

Installation

Immediately after the purchase, we installed the farm at home. Even with the door closed, the farm could be heard in the kitchen. It’s difficult to stay in the room with the farm for more than two hours: my head hurts. The main noise comes from the cooling system: each video card has large, beautiful fans, plus its own fan for the power supply. Having suffered, we moved the farm to work in a separate small office in which no one sits. In fact, you can’t just install a farm at work, but dad made an agreement with his superiors and they allowed him.
Power limitation

An apartment or private house can be supplied with limited power, for example no more than 2.5 kW per hour (your threshold may be different). If, for example, you have a 1.5 kW farm in your kitchen and you turn on a 2.5 kW kettle, the lights in your entire apartment will turn off. And since the farm must work constantly, installing it in an apartment is problematic. Especially if there are several farms.

Even if you pass the limit, there may be problems with the wiring: it’s one thing to boil a 2 kW kettle in a minute, another thing to run a 1.5 kW farm around the clock. If the wiring is not designed to withstand such a load, the farm or household appliances in the house will not work and may even short out. Consult an electrician before you decide to mine.

Enterprising guys are putting farms in basements and attics, learning to bypass power limiters, or building farms near power plants in China. Remember that building in China can be quite expensive, and flouting the rules fire safety— recklessly.
Virtual wallet

Payment for mining will be sent to a virtual wallet. We started one on one of the exchanges. You can withdraw money from your wallet to bank card, a commission is charged for withdrawal. It can be reduced - to do this you need to enter into an agreement with the exchange. Without an agreement, the withdrawal fee is 4%, with an agreement - 1%.

In our case, it turned out to be difficult to conclude an agreement. I had to confirm my place of residence, my identity and physically sign the contract. It took us a month to conclude the contract, but there may be simpler and faster options.
Select currency

There are many cryptocurrencies, each with its own technical features, exchange rate and computer network.

To select a currency, we projected the income from calculating different currencies in the Profit Mine Farm Income Calculator. Next we looked at the most profitable currencies according to the forecast. We checked which of these currencies were available on major exchanges so that they could be cashed out.

According to the forecast at that time, Monero would give the biggest profit. But we chose ether (ethereum, ethereum, ethereum) because we did not find an exchange suitable for us to cash out monero.

You can change the chosen currency: mine Ether for two weeks, then try Litecoin, and after a month switch to Dash, if the equipment and program allow you to switch. If you choose a ready-made chip for mining one cryptocurrency, this will not work. But even in this case, you can use the mined cryptocurrency to buy another, more profitable one.

It is difficult to predict the best currency for mining in advance. You need to monitor the exchange rates on the market and switch in time. Such transactions require time, skills and tools - everything needs to be thought out in advance. The farm will mine itself, but a person will have to turn virtual money into real money.
Select pool

There are many cryptocurrencies, each with its own technical features, its own exchange rate and its own computer network. Mining of each currency takes place on a separate pool. A pool is a server that distributes cryptographic tasks among miners.

The first month we mined on the pool aggregator Nicehash.com. This is a mining service with automation: it analyzes which pool and which currency is currently profitable to mine, switches the computer to these tasks and pays the user in bitcoins. The service makes life easier - you don’t need to monitor pools and currencies: you register, install the program and receive payment.

When the computer arrived, we connected a monitor to it and installed the NiceHash mining program. We configured the computer to automatically turn on and launch the mining program if the power suddenly goes out.

On December 7, 2017, NiceHash was hacked and money was stolen from all wallets. We regularly withdrew money from NiceHash, so we lost little - $30. If we had not withdrawn them, we would have lost more.

When you work on a new site, it is better to withdraw money more often to protect yourself from such cases. But keep in mind that you need to pay a commission for each withdrawal. There are minimal commissions on exchanges, which will be deducted when withdrawing even a small amount. This needs to be checked in advance.

As a result, after the hack we had to switch to a regular pool.

We looked at the distance from the pool to the farm: the closer, the better. If the farm is in Russia, then the pool is needed in Russia. We were also looking for a pool with an average load. If there are too few or too many people on the pool, the mining reward will be less.

Installing a mining program

The farm runs its own programs for each currency and type of video card. After this sorting, the choice is subjective. There are programs with and without a graphical interface, with settings for one or more currencies.

We looked at all the options and chose the Claymore Miner program. It's easy to set up and works with two currencies.

The mining program shows the temperature of video cards. You need to monitor it so that the video card does not overheat. If it overheats, turn off the farm

Mining

Mining itself looks like this: the farm hums, consumes electricity and calculates something for itself according to the instructions of the pool. Sometimes you need to check that everything is in order with it: the cards do not overheat, and the system does not freeze. All.

Otherwise, we minded our own business and the farm did its own.
Income and expenses

Our farm has been running for a month. In our configuration, it consumes 9 kW per day. The farm is located in a non-residential building - the tariff for electricity is higher there than in a residential one. We are from Ukraine. We pay almost $30 a month for electricity. Converted to rubles at the exchange rate on the day the article was published, this is approximately 5.5 rubles per kW. Take into account your electricity prices in your cost forecast: the profitability of the farm directly depends on this. 9 kW is like boiling a kettle for 5 hours straight.
190 $

our earnings for the first month after installing the farm

If we had not lost money due to hacking, the profit for the first month at the current rate would have been $190, taking into account commissions and light fees.

The farm cost $1,500.

In the first month, we mined on the NiceHash pool aggregator. The aggregator itself chose currencies and pools for mining and paid rewards for mining in bitcoins.

Now we have switched to ether mining. We follow the exchange rate on the Exmo.me exchange. If ether falls, we will switch to another currency. Our farm allows you to switch between them.

The cryptocurrency rate changes every day, so it is difficult to predict monthly earnings. If you do not take into account the change in exchange rate and assume that monthly income does not change and the price of electricity does not increase, the investment in the farm will be recouped in 9 months.

During this time, Bitcoin and any other cryptocurrency can soar several times, burst, stabilize, and anything else. We understand that this is a risk. In our opinion, this is less risky than buying cryptocurrency on the market from gypsies.

Taxes

In Russia, you need to pay personal income tax on your income.

Earning money from mining and cryptocurrencies is also income. There is no legal regulation or clear explanations on how to correctly calculate income from mining yet. The Ministry of Finance said that the taxpayer must calculate it himself tax base, calculate and pay personal income tax.

Agree with the bank

The income from mining needs to be withdrawn somewhere. For example, to your bank account or card. Taking into account Russian Law No. 115-FZ, the bank may have questions about these proceeds. Financial monitoring has the right to request documents: if they are not provided, the bank may block the account and even terminate the contract. It will also report a suspicious transaction where it should be.

Think about this when you get ready to start mining. Now there is nothing illegal about this, but in order to get your money, you need to foresee all the nuances in advance.

This applies to Russia. Each country has its own laws.

Editor's note: don't buy a farm

Please don't buy a farm right now. Consider this first.

Farms are expensive and have little service life. It will be difficult to sell the farm after a year of mining. Our readers want to recoup the cost of the farm in 9 months, while the service life of the farm itself is about a year.

Your earnings depend on the balance between a bunch of factors: farm productivity, the cost of electricity, the complexity of the currency, its exchange rate and commissions. It is very difficult to accurately predict profitability.

A farm in the house is a noisy and fire-hazardous thing. In the office too.

Before buying a farm, read a thousand forums, talk to experts and weigh all the problems and risks. Sometimes it’s better to just buy a good video card and play a good game.
If you decide to mine

Think about where you will put the farm. It is very noisy and powerful - it is difficult to sit in a room with a farm for several hours. If you decide to bet in non-residential premises, take into account the increased tariffs and take care of ventilation.
Find a company that assembles farms and does the mining itself. Ask to test the selected video cards and compare the performance forecast with real numbers. Only assemble a farm yourself if you really love it.
Try different currencies and pools - see the difference in earnings. It is not necessary to mine only Bitcoin or Ethereum.
Calculate the load on the electrical network. Please note that the farm operates 24 hours a day.
Follow government regulation. If you are a citizen of a state that wants to ban transactions with cryptocurrencies, there is a risk that you will not be able to withdraw money from your wallet. But no one makes decisions about bans overnight. Stay tuned for more news. If there is a risk of a ban or restrictions, take the money.

All novice miners are trying to understand how profitable cryptocurrency mining can be today, and they often ask the most common question: how much can you earn from mining on 1 video card?

It is clear that video cards are different and there will be no simple answer to this question. But in this article we will try to consider the most popular models that will allow you to organize mining with one or more video cards, and determine the parameters that affect the profitability of solo mining.

Mining farm: how much you can earn

Recently, the level of complexity of cryptocurrency mining has increased hundreds, or even thousands of times, and in order to effectively mine, a mining farm is now needed. For mining bitcoins, this is only ASIC; for other altcoins, you can use video cards.

To understand how much you can earn on a mining farm, you need to understand what this income depends on? Several different factors influence mining profitability:

firstly, this is the rate of the mined coin: the cryptocurrency market is very volatile and the cost of digital coins can either fall by 2 times or increase by 150% in one day;
secondly, this is the complexity of mining: in order for the time indicator of generating one block in the network to remain at a given level, the system adjusts the complexity of encryption depending on the number of miners: the more participants, the more complex the hash functions become, resulting in a decrease in earnings;
thirdly, this is the encryption algorithm that the selected cryptocurrency uses: SHA256, Scryp t algorithms are more suitable for an ASIC farm;
Ethash, X11, Decred, Equihash – can be confidently used on video cards;
CryptoNight - can be calculated relatively well on the CPU;
Well, the last factor is the technical indicators of your video card: the power and energy consumption of the equipment directly affects the hash rate: the more calculations per second the selected video card can perform, the more significant your earnings, and therefore the more productive your mining.

You can earn from 1 to 5 dollars per day from one video card or 30-150 dollars per month. To earn more significant amounts, you will need to spend money on more expensive equipment, for example, with 6 GTX 1080ti cards you can get up to $50 per day.

How much does a mining farm earn? As much as how many and which GPUs it uses: the total hashrate of the participating video cards, reduced by the cost of consumed electricity. Here is a summary table of several video cards with the main indicators that occupy high positions in the payback rating:

If you are going to build a farm of several video processors, then you will need a special motherboard with the required number of PCI-E slots. You should also take care of the appropriate power of the power supply, as well as the presence of the necessary connectors.

Farms consume a significant amount of electricity; this must be taken into account when calculating how quickly the equipment pays for itself and how much profit a mining farm will bring in a month.

Mining on a gaming video card

Last year, GPU mining became very popular, and miners began to buy gaming video cards in full swing in order to build productive cryptocurrency mining farms. The price of these components has risen significantly, and there is a reason for this.

Processors and graphics accelerators have quite a lot in common: they both consist of millions of transistors and are capable of carrying out hundreds of complex operations per second. But the central processor is designed to perform a whole chain of versatile operations, while the main purpose of graphic processors is to carry out specific, similar calculations and display graphics on the monitor screen.

Cryptocurrency encryption is a method that creates a hash function that cannot be guessed by chance. Its resolution requires alternate substitution of values and cyclic search. The best way to cope with this task is a GPU, which operates at a low clock speed and has several multiprocessor cores on one chip. Each processor element of the video card is capable of executing several thousand threads and instantly switching between them.

Minergate service

One of the largest services for joint cryptocurrency mining is Minergate. This is an international mining pool. To take part in the joint mining of cryptocurrency, you need to go through a simple registration and get acquainted with the conditions of the pool.

The peculiarity of this resource is that you will use the power of your existing video cards (or central processor) and, together with other users, mine the selected type of altcoin. Collective mining has a number of advantages:

firstly, the pool is considered by the network as a single participant. He receives a task of the same complexity as a solo miner, but he solves it not on his own, but by dividing it into small fragments (microtasks) between all his participants. It is clear that the pool has more capacity and is more likely to be the first to pick up a digital signature.
secondly, your equipment will not have to work at maximum capacity: calculations are made constantly, but in small parts;
and thirdly, the mining of coins will not stop even if some node fails, which means that the profitability of this mining method is always stable.

By participating in collective mining, you will earn more dollars, albeit in smaller chunks. The reward in the pool is distributed in direct proportion to the useful capacity of the participants.

You choose the type of mining yourself: you can mine one cryptocurrency, or you can mine many different ones. All that is required to start such mining is to register, download the miner program, select a currency and start the process.

Nicehash service

Another popular multi-currency service is NiceHash, which supports over 20 different hashing algorithms and offers a wide selection of mining tools for its members. Become a user of NiceHash Miner and start mining digital assets right now.

NiceHash positions itself as the largest crypto mining market where you can profitably buy or sell computing power.

If you are going to sell the power of your equipment, you can count on the following conditions:

receive payment in BTC;
payments are made from 0.001 BTC;
you can receive payment every day;
no registration required;
free software and handy guides.

Buyers also have good offers:

buy orders from 0.005 BTC;
Cancel at any time without fees;
payment will be charged only for valid shares;
You can mine on any pool;
real-time statistics and dashboard.

The NiceHash resource uses two main modes to provide various tools and perform its functions:

pool mode (users mine coins in virtual groups);
and cloud mode (renting equipment from other users).

Conclusion

You can choose any mining option that best suits your lifestyle and financial capabilities. Depending on the power of your equipment and the type of currency you wanted to receive as a result of mining, your income will be determined. For example, the most profitable coins that are relevant today are:

Bitcoin Gold;
Ethereum;
Zclassic;
Zcash;
Zencash.

If you choose coins with a small capitalization, then after mining it is best to quickly exchange them for stable money: rubles, dollars or other cryptocurrency, while the digital asset is in the top. You can, of course, choose long-term investments, but only if you are confident in the successful development of the coin in the future.

Bitcoin mining is one of the first options for earning money, which appeared along with the entry of the first cryptocurrency into the market. He didn’t disdain her either, who, even before the surge in popularity of his brainchild, was able to form about a million new military-technical cooperation. At the current exchange rate, such capital will be enough for the rest of his life - he owned the first mining farm.

Even those far from the topic of technology could hear about people who purchased video cards in huge quantities and invested tens of thousands of dollars in the extraction of some kind of virtual money. This is where questions arose about what a cryptocurrency mining farm and the like are. Now mining, although it has partially come to naught, is still excellent as a way to provide yourself with passive income. But first you need to sort out the details?

Mining farm: how does it work?

It is worth taking a short excursion into the functioning algorithm. Even the uninitiated probably know that this cryptocurrency (like any other) operates without any single center. Data and transactions are processed by a special algorithm. And the entire database of transfers and information about wallets is located and duplicated many times on every device on the network.

But the passive participation of every personal computer and portable device is not enough to ensure the cryptocurrency infrastructure and the normal speed of transactions. And this is where mining farm monitoring comes to the rescue. In fact, this procedure is a voluntary rental of one’s computing power, which has prompted many to create Bitcoin farms to make money. The reward for this is the one born virtual coin. In a sense, mining means “growing bitcoins.”

How does a mining farm work? Data is stored in a database of unique chains - blocks. Each computer assembles its own chain separately from the others. And if he managed to get ahead of all the others, he receives a reward in the form of a fixed amount. Less powerful computers or a Bitcoin farm will lose out to faster ones. But the probability of receiving bitcoin in this case is proportionally reduced. In fact, miners ensure the functionality of the cryptocurrency in the form in which it exists.

Bitcoin farm: how it works

The total amount of mining rewards is limited by the system algorithms and amounts to 1800 BTC per day. The distribution of funds in this case occurs in direct proportion to the power that you give for the benefit of the cryptocurrency. Almost from the very first months of Bitcoin becoming widely available, enterprising and far-sighted people began assembling mining rigs. For some, the cryptocurrency farm became a source of enrichment, while others picked up the idea too late.

What is a mining farm? In the traditional version, these are cascades of video cards connected to one or more computers. A central processor could also be used for mining, but its performance in calculating this type of data (SHA-256 hash) was extremely low.

What is needed for a mining farm? With the increase in the number of video cards, they began to purchase more powerful power supplies and take care of cooling. Over time, entire premises with huge areas and server racks were allocated for mining. Electricity costs also increased, but this did not reduce the return on investment. Even after the exchange rate fell in 2011, the number of miners did not decrease.

Changing layouts

There are quite a number of people who have become millionaires (and in the case of the creator, billionaires) thanks to mining. The BTC mining industry shook when they announced SHA-256 for computing. In fact, these are special-purpose microcircuits that have only one function - hash calculation, that is, a kind of turnkey mining farm. The performance of 2012 microcircuits in this field has become significantly higher than traditional for those times when a Bitcoin mine farm of 6 was the standard, and consumed a hundred times less electricity. The second generation has become even more powerful - using a more advanced technical process and numerous improvements, productivity has increased by another order of magnitude.

At the moment, it is ASICs that provide the highest possible return on investment for a mining farm and are easily ahead of flagship video cards like the Radeon R9 380 by three to four orders of magnitude in performance. Equipment costs are significantly lower. After all, the energy consumption of the microcircuit and power supply is ten times less. In fact, the production and development of ASICs buried the hopes of miners for serious earnings using video cards, because their share in the system fell sharply. From that moment on, the payback on such installations decreased greatly and began to tend to zero.

Mining: bitcoin farms in China - a look from the inside (video).

Mining farm: what is it? How is a Bitcoin mining farm assembled?

If you still have no idea how a bitcoin farm is created - step by step instructions especially for you:

Buy several video cards with good cooling and the best hashrate (performance)/cost ratio.
Must be purchased separately powerful block power supply for this installation - each of the boards consumes more than 300 watts.
A structure similar to a server rack is constructed on which this solution is mounted and assembled.
Provides maximum air circulation and cooling.
The assembly is connected to the computer, and it, in turn, is connected to.
Mining starts.

Cryptocurrencies are talked about everywhere today. In the past, the main topic to start a conversation was the weather, then the dollar exchange rate today, and now the price has become the key topic.

As its value grows, other coins also grow, and along with them, the computing power allocated to mining the most expensive and promising coins. When you first get acquainted with the issues of mining, it may seem that everything about it is extremely simple - you buy or (another option is to buy an ASIC miner), launch it and the money starts to drip straight into your pocket. Let's figure out how profitable it is to invest money in mining equipment today and what exactly can you mine with it?

Contents:

What is a mining farm?

Initially, there was no such thing as a farm. There were powerful home computers whose video cards and processors were used by computer enthusiasts.

At that time, no one believed in its future and most simply wanted to join the new fashionable feature of the Internet.

However, when the cost of the coin exceeded $10, interest increased significantly and people began to calculate the profitability of mining in the medium term.

That's when the first farms appeared - computer systems with several video cards.

Video cards are imported by dealers and suppliers all the time;
They will be in demand in the next 2-3 years. Then they can be sold to gamers.
A new video card always has a warranty, a used one only from the seller (the warranty will be less than for newly purchased equipment).
Using one video card, you can mine several cryptocurrencies (most tokens are adapted to certain types of video cards).

It is unlikely that you will be able to assemble such a mini-factory on your own; you need the help of specialists in this industry. Do not forget that if you do not know all the intricacies of installation, then burning out the microprocessor and video card is a matter of minutes.
We install the OS exclusively for cryptocurrency mining, there is no need to download top programs, you don’t need them. You can install programs for crypto wallets, crypto exchangers and crypto exchanges, everything else will be superfluous.
Everything will be too bulky - therefore, you need free space in the house (for a one-room apartment - this is definitely not an option, unless you will not be living at home).
Some farms take a very long time to pay for themselves compared to the same ASIC.

Advantages and disadvantages of ASIC

Advantages:

Requires less setup - took it out of the box and turned it on.
The payback is much higher.

Flaws:

The queue is quite long, you have to wait for months.
If you come across a defect, you can replace it, but again it will take weeks and months.
ASIC is very noisy, you will have to either put up with the noise or move out of your apartment.
The device generates a huge amount of heat; ventilation must be considered.

How long does it take for a mining farm to break even?

This is the main question that miners ask themselves. You will not find a consensus on payback periods.

Let’s say right away that even the largest factories in China or Canada specializing in mining are reaching self-sufficiency at best in 4-5 months.

Let's give an example, very soon.

It is planned that at best the farm will be able to produce no more than 1.52 BTC per day.

Economists have calculated that, given the costs of cheap electricity and space rental, the purchase of equipment will take at least 6 months to reach 0.

Important ! Let us note right away that now Bitcoin (end of 2017 - beginning of 2018) is throwing from side to side at prices from 20 thousand US dollars to 8 thousand US dollars, naturally it is difficult to calculate the payback at the moment.

How to calculate mining payback

For our case it applies two-factor calculation system:

For many non-specialists this means nothing, but at the same time it the most important points payback.

In general, the main points of payback look like this:

We multiply the current productivity by the fixed time between blocks.
Let's divide our value by the number of coins paid per block.
Next, we divide the value by the power of our farm.
We multiply the value by 3600, this will give us the actual hours.
We add electricity costs for the resulting number of hours to expenses.

For the first few months, all your values will have a minus sign; you will have to add up these minuses every month to understand in what period you will reach zero.

FAQ

What is Dual miner

A complex hardware mechanism for dual mining, which simultaneously uses two calculation algorithms for mining - SHA256 and Scrypt.

That is, you can mine several cryptocurrencies at the same time.

Now produced only by SFARDS.

What types of ASIC miners are there?

Design options - compact, home and professional.

Differences in chip technology, power, performance, energy consumption, cost, and heat transfer temperature.

Basic information in the abstract

Cloud mining platforms HashFlare.io are popular, Genesis-Mining.com

Professional pools for Bitcoin- F2Pool (Discus fish), AntPool, BTC China, BW pool, Bitfury.

Pools for Ethereum- Ethpool.org, ETH Nanopool, Ethereumpool.

More details about mining pools read our material: The best mining pools: review of services

How to set up an ASIC miner in solo mode?

This mode is for self-configuration equipment.

You can set up the solo mode yourself only if you are confident in self-sufficiency.

Unfortunately, there is no single piece of advice on high-quality firmware; an individual approach is required.

Let's imagine that you are a complete beginner in cryptocurrencies and are looking for an answer to your question: “How much can you earn on a mining farm in 2018?” At the same time, you understand a little how to install Windows, how to connect a power supply to a computer, etc. Of course, you can learn this, you just have to be interested.

Mining farm cost

First, assemble one mining rig to understand how it works and see the first money on your card. You can take popular cards and then choose a cryptocurrency, but you can connect to the most popular coins, Ethash, for mining and not worry about what to dig.

The choice of components also depends on your financial situation. You can start with a simple gaming computer with a good video card, preferably an AMD rx 550 or GTX 1050. For example, a friend of mine heard about mining in the summer of 2017, and quite by chance he had an Nvidia 1060 6Gb on his computer; he had played games before. He connected NiceHash or Claymore, I don’t remember exactly, and a week later he earned 1200 rubles, then it was very profitable to mine. Now it has already expanded a little.

Therefore, we will take 1060 3GB, if we look at models with six gigabyte memory, then for this price it is better to take Amdash 570-580 cards. By the way, I noticed that you can take the cheapest ones, most importantly graphics processors (GPUs). For example, if you want to buy ten sixty, then take Palit or Inno3d, the main thing is that the video memory is Samsung.

I once made a video about this:

New components for Nvidia.

Rig with a power of 115 mh/s.

5*1060 = 95 000
CPU = 3,000
RAM 4GB = 1,800
Power supply or two = from 8,000
Hard drive = from 2,500
Raisers*5 = 1500-2000

As a result, let’s round it up a little -115 thousand.

For AMD GPU:

Rig with a power of 145-150 mh/s.

Five video cards 470-570-580 = 110,000
Mother = 5,000
Percent = 3,000
Memory 4Gb = 1800
BP = from 10,000
HHD or SSD = 2,500
Raisers = 2,000

It turns out 135 thousand.

Income and payback in 2018

You can see the profitability of online mining today on the Whattomine website, while it is the first calculator of its kind where you can calculate the profitability of your investments.

Let's start with the first option on GTX, which produces 115 megahash. As of May 10, income up to 6$ (360 rubles) per day, it is better to count from 5, since we cannot mine Ethereum on three gig cards.

Payback is 10 - 11 months, but this is not certain. After all, the difficulty is constantly growing, and the price of Ether is unpredictable. If the price rises, you will get back your investment in five to six months.

Second assembly option from AMD at 145 mx. You will earn per day with ETH - 8$(480 rubles). It will pay for itself in 9 months and one week. The difference is better by 40 days when compared with Nvidia.