Mining hardware – Bitcoin Wiki

GPU Mining Crash Course - START HERE!

Welcome All to the GPUMining Crash Course!
With the increase in prices in cryptocurrency, a lot of people are getting back into mining and a lot of people are brand new to the concept overall. So, I quickly wrote this crash course to help you understand what to expect and how to successfully mine your first cryptocurrency. This crash course isn't gonna have all of the fluff you'd see in a normal publication. This is just everything you need to know to get up and running on your first cryptocurrency mining rig.

What is cryptocurrency mining?

One of the main things about cryptocurrencies is that they are "decentralized". Sounds great, but WTF does that even mean? Well, the easiest way to explain it is...
You know how if you want to send your friend/family money digitally, you can do so through your bank. Your bank likely takes a transaction fee and in a few days they will transfer the money. Since cryptocurrencies are decentralized, they don't have a bank or organization to fulfill the transfer of money. Instead, they outsource the computing power of their cryptocurrency network to miners (soon to be you). These miners are verifying transactions, securing the blockchain, and powering the cryptocurrency's specific network among other things. As an incentive, the miners collect transaction fees on the transactions that they verify and collect block rewards while new currency is still being introduced into the ecosystem.

What kind of rig should I build?

You can mine cryptocurrencies using your CPU, GPU, FPGA, or ASIC, but this is a GPU Mining subreddit, so I will cater this to GPUs.
For building a great all-around GPU rig, there are two models of GPUs that I'd recommend:
Both of these GPUs have solid hashrates across most mining algorithms and for a decent price! You should be able to find both of these kinds of GPUs used for around $200-$250 each, which is a great price if you know what happened during the last mining craze! ($200 GPUs were out of stock everywhere and people were reselling them for $600+ each)
There are also plenty of great AMD GPUs for mining, but I've worked mostly with Nvidia so that's why both of my recommendations are Nvidia and not AMD.
Other parts to your rig that you'll need are listed below. Most of these can be pieces of crap and are just needed to make the rig actually run, but the one spot you DON'T want to cheap out on is the power supply unit. A decent power supply unit will keep your home from burning down while also keeping your rigs up and running smoothly. Here are my recommendations:

She's built, now what?

Now you need to do a few things. I am a Windows miner, so I will be speaking to Windows here:
  1. Update Windows - Do all of the updates. Just do it.
  2. Update Drivers - Go to the EVGA website and download GeForce experience. It will keep your GPU drivers up to date.
  3. Go to Windows Device Manager and make sure all of your GPUs show up under "Display Adapters". If it is there, but it isn't showing the Name/Model of the GPU as the name, right click it and select "Update Driver". This should fix it.
Assuming you've done all of this, you're ready to download a mining application.

Mining Software

There are tons to choose from! Claymore, Phoenix, EWBF, LolMiner, etc... It can be overwhelming pretty quickly since they all have different algorithm support, speeds, efficiencies, and a whole lot more. On top of that, in order to get them running you need to set up batch files to call the proper exe, point you to the correct pool, and a whole bunch of other stuff that can be confusing to a new user. Not to mention, you will probably need a separate miner, config file, batch file, etc. for each different algorithm that you're interested in mining on.
Instead, I recommend that you download a miner management software that will take care of most of this tedious work for you. There are a few in the sidebar, but the /GPUMining favorite is AIOMiner. It was developed by our very own community member, xixspiderxix with the intention of making mining as easy as possible to do and without any fees. It supports over 100 different algorithms, so you'll be able to mine nearly ANY cryptocurrency you'd like. Just download it from their website and it will take you through a quick tutorial to help you get set up! You can also connect your rig to their website for remote monitoring and control. You've probably seen a few of their posts around this subreddit.
Other Windows mining softwares include:
Note: Many mining softwares have fees built into them. Most are around 1%, but can go as high as 5% or greater! You want a mining software with little or no fees at all so that you get to keep as much cryptocurrency as possible. These fees aren't something you actively pay, the software will automatically take it by mining on the developers behalf for a given amount of time and then switching back to mining on your own behalf. So, please be diligent in the software that you evaluate and make sure it is reputable.

I keep hearing about NiceHash. What is that?

The asshole of the mining industry. Jk, but not really.
NiceHash is a software program that allows you to sell your rig's hashing power to someone on their marketplace. They market themselves as profitable mining, but you're not really mining. You're selling your power in exchange for Bitcoin.
They did a great job telling people that with them, you're always mining the most profitable coin, but that's just not true. Since it is a mining marketplace, they make you mine whatever their most expensive contract is. If their contracts are below market prices, then you're not operating as efficiently and profitably as you could be.
NiceHash also has a sketchy history, which continues to this day. In 2017, they were hacked and lost $65M worth of Bitcoin. No one got paid out for MONTHS and many of their executives conveniently resigned. Their platform is also used to destroy cryptocurrencies. Since people are able to purchase mining power on their platform, people have used their platform to purchase enough mining power to control individual cryptocurrencies and duplicate coins, which increased the malicious user's wealth while completely destroying the integrity of the coin's blockchain. HoriZEN (formerly ZenCash), Ethereum Classic, and many other great cryptocurrencies have been the victim of NiceHash's platform.
For this and many other reasons, we highly recommend that you stay AWAY from Nicehash. We understand that it is extremely easy to use and you get paid in bitcoin, but they are destroying the industry with their greed and lack of motivation to change their platform for the protection of cryptocurrencies.

Concluding Thoughts

This is pretty much everything you need to know to get started. We covered the hardware, setting up the software, which software to use, and AIOMiner's tutorial will get you up to speed on how to actually mine the cryptocurrency that you want better than I can explain it, so I'll leave that part to them.
If you have any questions on this crash course, please leave a comment below where myself and other community members will be able to help you out.
submitted by The_Brutally_Honest to gpumining [link] [comments]

Is Mining Still Profitable On A NVIDIA GTX 970 4GB For 2019? Mining Nvidia GeForce GTX 1050 Mining Performance Review Ethereum /ZCash / Nicehash Gainward GeForce RTX 2080Ti Phoenix GS 4K BENCHMARKS Gtx 1050 Ti Ethereum Mining Overclock Settings Hashrate & Power Consumption  Asus Phoenix 4gb Expanse Tech  Review  Mining  Profitability  Bitcoin Fridays

Phoenix 1.48 OpenCL/Linux x86_64 -k phatk DEVICE=0 VECTORS AGGRESSION=4 -v FASTLOOP BFI_INT WORKSIZE=64 5570 : 77 : 1.975: 39 : 700 : 400 : 2.5 : PCI-E 2.1 x16 : Phoenix 1.48 OpenCL/Windows x64 -k phatk DEVICE=0 VECTORS AGGRESSION=8 -v FASTLOOP BFI_INT WORKSIZE=128 5570 : 102 : 1.46(+) 75(-) 950 : 400 : 2.4 : PCI-E 2.1 x16 : Phoenix 1.48 OpenCL ... Gainward has been developing a brand new Phoenix series for this special launch. The cards feature black and silver design with some RGB lighting effects. The GeForce RTX 3090 and RTX 3080 both share the NVIDIA GA102 GPU, hence the design for both models is the same. It’s a 2.7-slot and triple-fan cooler design with a full cover backplate. The PCB however is much shorter than the cooler and ... nVidia GeForce GTX 1080 Grafikkarte Preise vergleichen und günstig kaufen bei idealo.de 13 Produkte Große Auswahl an Marken Bewertungen & Testberichte Power and Compact Form Combined Delivering the latest NVIDIA Turing gaming experience in its purest form, the ASUS NVIDIA GeForce GTX 1660 Phoenix OC melds performance and simplicity like no other. The GeForce GTX 1660 opts for substance over style, the perfect choice for a well-balanced build so buckle up and engage with the latest NVIDIA GTX card. In the end the new Nvidia GeForce GTX 1050 Ti is really a good improvement over the GTX 750 Ti in terms of mining performance, you could probably get the a bit higher mining performance from 4x GTX 1050 Ti as with 6x GTX 750 Ti, and the power usage will be lower. You could still build a good mining rig with decent hashrate using 6x GTX 1050 Ti GPUs and do with a 600W power supply just fine. Of ...

[index] [17006] [30871] [35510] [13401] [20335] [33518] [46711] [19094] [22099] [1905]

Is Mining Still Profitable On A NVIDIA GTX 970 4GB For 2019?

Nvidia GEFORCE GTX 1070 Ti - FE Founder's Edition: https://amzn.to/2szwOVl Nvidia Rig Parts List: Intel BX80684I58600K 8th Gen Core i5-8600K Processor: https://amzn.to/2RQEIIh Bitcoins Erklärung: In nur 12 Min. Bitcoin verstehen! - Duration: 11:58. ... phoenix persönlich: Michael Krons im Gespräch mit Rainer Voss am 14.09.18 - Duration: 28:26. phoenix 23,959 views ... Performance Test Geforce GTX 1050 2GB Ethereum /ZCash / Nicehash Mining Asus Geforce GTX 1050 2GB Registriere dich bei Hashflare: https://hashflare.io/r/5A57... Asus Phoenix 1050 ti 4gb UK US @ https: ... How Much Can You Make Mining Bitcoin With 6X 1080 Ti Beginners Guide - Duration: 19:20. How Much? 1,681,058 views. 19:20. Is It That Fast? - Aorus KD25F ... RTX 2080 Ti Click link https://amzn.to/2CifglY for EVGA GeForce RTX 2080 Ti FTW3 Ultra Gaming Click link https://amzn.to/2VRe0xq for EVGA GeForce RTX 2080 Ti...

#