Beginner's Guide to Mining

Beginner's Guide to Mining

Suitable for people with 5 machines or less

1. What do I need to know before purchasing a mining machine?

1. What is the daily income of the mining machine? Answer: RMB income calculator: https://btc.com/tools/mining-calculator

Bitcoin profit calculator: https://btc.com/tools/mini-mining-calculator

Litecoin profit calculator: http://www.cybtc.net/jsq/jsq_ltc.html

Calculate whether the profit is within your range based on your electricity bill

2. How long can the mining machine be used?

Answer: Mining machines are updated every year. After a new generation of mining machines appears, the old mining machines may be eliminated. Whether they will be eliminated depends on their electricity bills. If the electricity bill is higher than the income, the mining machine cannot be used.
If electricity bills are at a very low level, then the battery can continue to be used until it cannot be repaired or breaks down.

3. Does the mining machine have a power supply? How many machines can one power supply support?

A: The mining machine does not come with a power supply. The power supply needs to be purchased separately. Please click here to purchase: https://shop.bitmain.com/product.htm

It is recommended that one power supply should be used for one machine, and no more. Using more than one power supply can easily cause problems, especially one power supply should not be used for one machine and at the same time for the control board or computing board of another machine.

4. Can the official power supply only be used for this mining machine? Can it be used on other mining machines?

A: The official power supply is suitable for Antminers S5 and above. For other brands of miners, please consult the manufacturer to see if the input specifications of the miner are the same as this power supply.

5. Can other power supplies be used with Antminer?

A: Yes, other power supplies can be used as long as they output 12V, have sufficient interfaces, and output power 15% higher than the mining machine.

The output end of the power supply must be a single line with only one PCIE interface. Do not use a 12V line that is branched out from the PCIE position.

6. Does the official power supply come with a power cord?

A: It does not come with a power cord, you need to buy it yourself. The power cord is connected to the power port with a pin, and the cross-sectional size of the power cord is 0.75mm² or 1mm²

7. Can I use multiple low-power power supplies to power a mining machine?

A: Yes, but the total power of the low-power power supply must be 20% or more higher than the power consumption of the mining machine. One power supply must be used for one, two, or three computing boards. Two power supplies cannot be used for one computing board. All three interfaces of the computing board must be connected to the power cord.

8. What are the network requirements for mining machines?

A: The requirements are relatively low. One M bandwidth can support 150 mining machines, and one mining machine uses 500 M traffic per month.

9. How to purchase mining machines

Answer: Mining machines can only be purchased on the official website. Orders cannot be placed by phone, QQ, or WeChat.

Purchase instructions https://cnforum.bitmain.com/bbs/topics/2734

10. Computer

You must use a computer to set up the mining machine. There is no requirement for the computer configuration, but the system must be WIN7-64 or above, preferably a laptop.

Secondly, it is more convenient to use a computer to monitor the status of the mining machine.

2. Do I need to prepare anything before using the mining machine?

1. Prepare router or switch

a. The number of router network ports is sufficient for mining machines
Connect the computer to the router with an Ethernet cable to see if the computer can automatically obtain an IP address and access the Internet.
b. The number of router network ports is not enough for the mining machine
You need to buy a switch, and after connecting the switch, use a computer to connect to the switch to see if the computer can automatically obtain an IP address and access the Internet.

2. Network cable preparation

A: There is no requirement for the network cable. Standard RJ45 network cables are used. The number of cables should be more than the number of mining machines.

3. Prepare the power cord

A: The power cable should be 0.75mm² or 1mm², and the power port should be a pin. The length can be determined according to the distance of the mining machine.

4. Worker number preparation

A: Apply for a miner number in advance. It is recommended to use the BTC mining pool or antpool mining pool.

Ant mining pool usage: https://cnforum.bitmain.com/bbs/topics/2693
BTC mining pool uses https://pool.btc.com/helpCenter?id=account-manage

5. Watch the operation video of the mining machine in advance so that you can understand the operation steps clearly after receiving the mining machine.
https://cnforum.bitmain.com/bbs/topics/2848 Operation steps applicable to all models

3. Connecting to the mining machine

Follow the steps in the video to connect https://cnforum.bitmain.com/bbs/topics/2848

4. Bitcoin Receipt

Ant coin receiving address setting: https://cnforum.bitmain.com/bbs/topics/3022

BTC sub-account and payment address https://pool.btc.com/helpCenter?id=sub-account

The payment address of the mining pool can be a wallet address or a recharge address of a trading website.

5. Trading

The domestic trading platform is OKCoin or Huobi. Please consult the customer service of the trading platform for detailed usage.

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