Money Talk

What do you need for mining?

Submitted by biosmradek, , Thread ID: 103204

Thread Closed
09-10-2018, 03:38 PM
#1
I am wondering if I want to start some mining... what would I need? Like softwares and hardwaresTongueI never tried it but seems interesting to have

RE: What do you need for mining?

#2
hey man i'm sure you'll find what you're looking for but just letting you know man it's not convenient and almost impossible to profit from it right now
you know.. mining farms etc.

BUT

have you thought about investing in cloud mining?

RE: What do you need for mining?

#3
Mining is not really worth it anymore. You're late to the party.

RE: What do you need for mining?

#4
Of course, the video card and where it can be crammed, well, and the pool with a minimum commission.

RE: What do you need for mining?

#5
You need a cheap eletricity cost, hardwre and software are easy, eletricity its not. If in your country eletricity cost are under 0.08 KW so you can invset in this, if not, stay away.

RE: What do you need for mining?

This post was last modified: 10-10-2018, 02:16 PM by peppe90
#6
Out of personal experience, don't invest into cloud mining contracts. Chances are you'll never gain a dime out of it and even if, then only after years of "mining". Cryptocurrencies fluctuate alot and if they crash down after you've invested into a cloud mining contract then you're screwed just like me. Tried it when BTC was at its peak last year and what happened? It went all the way down right afterwards.

As for home mining, it kind of depends which crypto you want to mine. BTC? Then you'd need some nice ASIC miner. ETH? Grab as many GPUs as possible. There's motherboards that support 6 to 10/12 GPUs at the same time.
Keep in mind that your setup should be as cost effective as possible. Usually people go for the RX 470/480/570/580 or the GTX 1050/1060. I personally would advice against using more expensive cards like the GTX 1070/1080 or the RX Vega cards, but that's up to you.

A typical GPU mining rig would be something like this:
- Intel Celeron (single-core cpu)
- 2-4 GB of RAM
- 64-128 GB SSD
- 4-10 GPUs
- H110 Pro BTC+ Motherboard or something similar. This one has 7 PCI-E slots
- PCI-E riser cables
- Mounting frame

You may need to tune and tweak your GPU cards to get the most possible power out of it (with BIOS mods).

Use the nicehash.com calculator to estimate profits

RE: What do you need for mining?

#7
Not worth it buddy. Smile

Rather learn how to daytrade. Mining needs to be on very big scale to make any money.
Find something you enjoy. Become an expert in it. And find ways to provide value to others with your skill. And you'll never have to worry about money. Smile

RE: What do you need for mining?

#8
I don't think so but this is a very great post though

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