Even 10 years ago, cryptocurrency mining could be done on a regular desktop computer. However, along with the development of the industry and the inevitable increase in competition due to the increase in its popularity, there have been drastic changes - from now on, mining is a high-tech enterprise that requires special and usually expensive hardware. And yet, how can a novice miner not get confused in the variety of existing hardware and choose only the right hardware? Let's try to figure it out.
How not to make a mistake when choosing?
In order to purchase the right hardware, you must answer a few questions for yourself. Where are you going to mine? Do you need to take into account the noise of hardware when purchasing? How much are you willing to spend on new hardware initially? What hashing power do you need? What is the cost of electricity in your city? Should this factor be taken into account when buying expensive hardware? Only after you have answered the above questions, it is advisable to proceed to the next stage - the choice of mining hardware.
To outline the range of high-tech hardware necessary for your enterprise, you need to understand what hardware generally exists on the market. We list the main hardware that you may need:
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Video cards. Without video cards, it is impossible to create a mining farm. Their power has a direct correlation with your future earnings - the more powerful the video card, the more you can earn with it. When choosing, you need to pay attention to performance, memory size, overclocking, the presence of a cooling system and memory speed;
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Motherboard. It is responsible for the correct functioning of all hardware and is a platform for installing other hardware. This is one of the main components of the mining farm. The motherboard must be able to install multiple video cards at the same time and keep the system running around the clock. The main thing to consider when choosing it is reliability, durability and performance;
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Power Supply. Another element of the mining farm, without which its functioning is impossible. The power supply is used to ensure the most important function - the uninterrupted delivery of electricity from the outlet to your hardware. At this stage, the purchase of hardware is not worth saving, since the power supply not only supplies your entire mining farm with electricity, but also protects all hardware from the risk of burnout during power surges. Experts advise choosing power supplies with a capacity of 1500 watts or more.
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CPU. Unlike the above elements of cryptocurrency mining, the processor is not of key importance. It will be needed only in the absence of a video card.
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ASIC miners. They are a more efficient and advanced alternative to video cards. ASICs allow you to mine a much larger amount of cryptocurrency. Their main difference from video cards in terms of the principle of operation is that they carry out calculations using special chips, which has a positive effect on the earnings of coins.
Video cards and ASICs
Strictly speaking, today there are two most effective ways of mining - with the help of video cards and ASIC miners. In the first case, you also need to purchase a motherboard, power supply, and many other less important items. ASIC miners, in turn, are actually an automated hardware and do not require any additional hardware to be paired with them. They are ideal for those who have decided on a cryptocurrency for mining at the preparatory stage - as a rule, all ASICs have an algorithm that allows them to mine only a limited number of coins. Due to this limitation, the efficiency of the hardware is increased, and the expected earnings are increased.
In the event that you have given preference to video cards, you already have an understanding of what to look for when collecting the hardware necessary for this method of mining - we have analyzed this above. But what about those who want to make money with ASIC miners? What to look for when buying? There are 5 main criteria:
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Hashrate. This indicator characterizes the productivity of the miner;
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Energy consumption. Everything is simple here - the more electricity the hardware consumes, the less profitable it is;
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The frequency of microprocessors. Each “ASIC” has a chip that has a certain indicator of the frequency of operation. The higher it is, the higher the frequency of operations and performance;
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Dimensions and noise. This indicator must be taken into account if you plan to install the hardware at home;
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Work algorithm. Each ASIC miner has its own work algorithm that allows you to mine a certain range of cryptocurrencies. Decide on the coin you are interested in at the planning stage and select ASIC based on your priority cryptocurrency.
In the process of buying hardware, it is recommended to use the services of trusted manufacturers of mining hardware. Leading companies in the cryptocurrency mining market include Bitmain, Canaan, Innosilicon and Goldshell.
Summing up, I would like to say that the choice of hardware is a key stage in mining. The success of your entire business depends on it. Therefore, this process must be approached seriously and responsibly: it requires complete immersion and involvement. In the event that you purchase hardware that guarantees you maximum efficiency at the lowest maintenance costs, your chances of success in mining will increase many times over.
At the slightest difficulty, you can contact our specialists: they will quickly help you resolve any issue related to hardware for your future cryptocurrency business.
