Sunday, January 28, 2018

Hardware and Software guide for Cryptocurrency Mining

What is cryptocurrency mining?

People who are running software and hardware aimed at confirming transactions to the digital ledger are cryptocurrency miners. Solving cryptographic puzzles (via software) to add transactions to the ledger (the block chain) in the hope of getting coins as a reward is cryptocurrency mining.


crypto-mining-2

How do I start mining Cryptocurrency?
Well its quite simple, you need to have the following things for you to start mining

NOTE:Mining Bitcoin/Ethereum is way to expensive since the difficulty is way more than it used to be few years back, I would suggest other ALT-Coins like Monero,Litecoin,Z-cash etc.


1.Hardware
Which may vary from a normal PC to Mining RIG(Purely depends on what and how you would want to start).We can start mining with normal PC with a simple CPU and if possible GPU(If you want earn something) or if you able to afford to build a Rig , which would simply mean investing from 200$ to maybe 5000$ you can build a rig.But the more you invest the more you have the chances to get back the money you invested sooner.

If in case you are up for building Rig these are my suggestion


Best CPU for CPU Mining
Intel based
1.Intel Pentium G4400 Skylake Dual-Core 3.3GHz Desktop Processor

2.Intel G3900 Dual Core - LGA1151 - 51watt Low TDP Processor

3.Intel Core i3-6100 6th Gen LGA 1151 Processor

AMD Based

4.AMD Ryzen 5 1600

5.AMD RYZEN 7 SERIES OCTA CORE PROCESSOR 1700

6.AMD Ryzen 7 1800X Processor


Best GPU for Mining

I've listed out some of the Best GPU for Mining, there may be many more models

AMD GPU

1.ASUS ROG Strix Radeon RX 560 4GB

2.Sapphire Radeon R5 230 Graphic card 1GB DDR3

3.Gigabyte AMD Radeon R7 240 2GB DDR3

4.ASUS Radeon RX 560 4GB GDDR5

5.Sapphire Radeon RX 460 4GB

6. Radeon NITRO+ RX 570 4GB

7.RX VEGA 56 8G – Latest and Best


NVIDA GPU

1.Zotac GT 710 2GB DDR3

2.MSI GeForce GTX 1050 2GT

3.Gigabyte Geforce GTX 1050 Ti G1 Gaming 4G

4.ZOTAC GeForce GTX 1050 Ti mini, 4GB GDDR5

5.Zotac Amp Edition GeForce GTX 1060 6GB

6.ASUS Geforce GTX 1050 Ti 4GB Phoenix Fan Edition

7.ZOTAC GeForce GTX 1070 ZT-P10700B-10P 8GB DDR3


Best Mother boards for mining

1.GIGABYTE GA-H110-D3A

2.ASUS LGA1151 DDR4 HDMI B250

3.ASRock H81 PRO BTC R2.0 LGA 1150


What should be my power supply for mining rig ?
You can use any Power supply unit ranging from 450 Watt to 1200 Watt, The more power supply more number of GPU you can support

1.Corsair VS450 450-Watt Power Supply

2.Corsair RM Series RM550 550W

3.Corsair VS Series VS650 650 Watt

4.Corsair RMx Series RM750x 750W

5. CORSAIR RMx RM1000X 1000W

6.CORSAIR HX Series™ HX1200-1200 Watt


ASIC Mining using Ant Miner
All of the below listed are the only hardware that you may get back your money back.
1.S9 AntMiner-Bitcoin Miner(BTC)
2.DragonMint 16T(BTC)
3.T9 Antminer(BTC)
4.AntMiner R3 (BTC)
5.ANtMiner U3(BTC)
6.D3 AntMiner -DASH coin Miner


If you are  looking for Mining Combo then the below pick for starters

1.Entry Level Mining Combo - Asrock H81 Pro BTC Mining Board + G1840 Processor + 8GB DDR3 Memory + 64GB SSD + Pack of Six Riser Cables


Softwares used for Mining

Mining Pool
1.Single Mining -Command prompt (Nanopool is my personal Favourite )

2.GUI based -

1.Nice hash
2.MinerGate
3.WinMiner


Wallets
Wallets for Investing as well as receiving CryptoCurrency
International users
1.Coinbase - You would free 10$ once you join. 


Indian user
2.Zebay - You would get free 100 Rs once you sign Up.
3.Koinex - You would get free 100 Rs once you sign Up.

Only for Deposit and wallet
Exodus
JAXX

Apart from this we do have Other Pools also , but make sure which  one would be better before you join Other Pools Details

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