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As blockchain becomes more popular, Bitcoin, Litecoin, Ethereum, and other digital assets, as the pioneers of blockchain experiments, are gradually becoming known to the public. These digital assets can be obtained at a low cost through mining. Miners make profits by participating in mining.
So, as a novice who is completely unfamiliar with the field of mining, how can I participate in mining? This article is an introductory guide to mining, and will briefly introduce how to carry out mining activities from a practical perspective.
Generally speaking, mining is the process of using mining equipment to consume electricity and obtain digital assets (Bitcoin, Litecoin, etc.). There are two elements here: "mining equipment" and "electricity consumption".
Mining, especially today's mining, must rely on mining equipment. Common mining equipment is divided into the following three categories (this issue only discusses the first category).
Graphics card mining machine A graphics card mining machine is a computer with multiple graphics cards, which is basically the same as an ordinary computer. The only difference is that there may be multiple graphics cards on the mining machine.
The graphics card mining machine is assembled from the materials of regular computer assembly, such as motherboard, CPU, graphics card, memory, hard disk, etc. All parts can be purchased directly in online stores or computer malls. The prices of the original parts are transparent, and there is basically no situation of being overcharged due to information asymmetry. There are also some manufacturers who assemble graphics card mining machines and directly sell the assembled finished products. The price will be slightly higher than the mining machines assembled by themselves, but this type of mining machine is convenient and easy to transfer. It is also an option. Graphics card mining machines can quickly adapt to different currencies due to the graphics card's unique open computing platform. Graphics card mining machines generally support mining of multiple digital assets. Miners don’t have to worry about their mining machines being eliminated because the currency they mine becomes zero. Graphics card mining machines are generally large in size and are not suitable for the positions designed in conventional mining farms. The mining machine assembled by myself has relatively low noise, so you don’t have to worry about disturbing others when mining. Some of the mining machines purchased from third parties have powerful fans installed, so the mining noise will be higher, but it is still within an acceptable range. Graphics card mining machines, because their components are all regular computer components, motherboard, CPU, graphics card (mining generally uses mid-to-high-end graphics cards), can be resold, even if they are not sold to miners. Video game enthusiasts, Internet cafes, rendering centers or AI companies may also buy them. The value retention is relatively high. Graphics card mining machines are assembled by miners themselves, or they can directly purchase finished machines .
Miners can assemble their own graphics card mining machines by purchasing original parts . The original parts for assembling mining machines mainly include graphics cards, CPUs, memory sticks, hard drives, motherboards, and power supplies.
Graphics card mining machines are generally one mining machine with multiple graphics cards. The common motherboards on the market currently have fewer graphics card slots. Graphics cards can be expanded through PCI-E expansion slots or extension cables. Interested friends can search online for specific methods.
Motherboard recommendation:
Recommended models:
A card: 470 480 8G, 570 580 8G, Vega 56, Vega 64, etc. N card: GTX 1060 1070 1080, graphics card with 6G memory or above Comparison of mining speed and revenue of various graphics cards (please click "Read original text" to view): https://www.f2pool.com/miners?currency_code=eth#list-head It is recommended to use a memory stick of 8G or above.
Hard disk ( SSD with a capacity of 60 GB or more is recommended).
The recommended power supply is Great Wall Julong 1000W\1250W, Corsair 10-year warranty power supply, which has reliable temperature. Specifically, if there are a large number of graphics cards in the mining machine, the power supply can be expanded and two power supplies can be used to power one mining machine.
Typical mining configuration
In addition, miners can also purchase finished machines. There are now several graphics card mining machine manufacturers that have been operating for a long time, providing assembled finished graphics card mining machines. The prices are relatively high. If you don’t want to assemble them yourself, you can buy such finished machines. Panda Miner: https://www.pandaminer.com/ Zhanqi Miner: http://www.zqminer.com/ Calf Miner: http://www.calfminer.com/ Maya Miner: https://www.maya.top/ Bgin Mining Machine: http://www.bgintech.com/
This is the end of this tutorial. There will be more introductions to more types of mining machines, as well as more practical tutorials on how to start mining. Please pay attention to the second issue of Introduction to Mining~
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