There are many other crypto's to be mined.
BuriedONE Cryptomining mainly focuses on mining with Gaming Graphics Cards, they are cheaper than a few other options that we will cover.
Bitcoin is not the only crypto currency that you can mine, as we focus more on other algorithm based coins that can be mined with our GPU's.
BuriedONE Also makes Custom Made Mining rigs.
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I hope you already understand how Bitcoin works and what Mining means. But we need to get from theory to practice. How can you set up Bitcoin mining hardware and start generating some digital cash?
The first thing you're going to need to do is decide what hardware you want to use to do it, and there are three main types to think about when choosing it.
There are Three different types of Mining rigs that you can use: GPU, FPGA & ASIC Miners.
I will explain them in more detail, but first you need to understand a few differences, as GPU's are actualy made to render 3D works or Games they are much cheaper to buy than the FPGA's and ASIC's.
It's important to understand what you buy.
Knowing the hashrates and what they mean is very important for mining.
The Hashrate is the number of calculations that your hardware can perform every second as it tries to crack the mathematical problem.
Hashrates are most of the time measured Hashashes, Kilohashes, Megahashes, Gigahashes, and Terahashes per second (H/s, Kh/s, MH/s, GH/s and TH/s. The higher your hash rate (compared to the current average hash rate), the more likely you are to solve a transaction block.
GPU's are easy to set up, very flexible, and have a great variety of coins to be mined with the possibility to switch very easy between them and can still play you some nice games!
Application Specific Integrated Circuits (ASICs) are specifically designed to do just one thing: mine bitcoins at mind-crushing speeds, with relatively low power consumption. They are easy to set up, very loud, not flexible and only on one specific coin can be mined.
A Field Programmable Gate Array is an integrated circuit designed to be configured after being built. This enables a mining hardware manufacturer to buy the chips in volume, and then customize them for mining before putting them into their own equipment. they are not easy to set up, very efficient but they are semi-flexible due to you can change the bitstream to mine different coins.
This is an important aspect.
All this computing power chews up electricity, and that costs money. It's worth looking at your hardware's energy consumption in watts, when making your choice.
You want to make sure that you don't end up spending all of your money on electricity to mine coins that won't be worth what you paid.
When using our NVidia/AMD Mining Rig builds pages, you can calculate the projected profitability of your miner, using the excellent mining profitability calculator called R.O.R.I including the cost of power. You can use this to see how long it will take to pay back your investment.
One of the other key parameters here is network difficulty. This metric determines how hard it is to solve transaction blocks, and it varies according to the network hash rate. Difficulty is likely to increase substantially as ASIC devices come on the market, so it might be worth increasing this metric in the calculator to see what your return on investment will be like as more people join the game. Use this guide on calculating mining profitability for more information.
Some are easier than others.
Depending on which equipment you choose, you will need to run software to make use of it. Typically when using GPUs and FPGAs, you will need a host computer running two things: The operating software like Windows, ethOS, SMOS, hrig, hiveOS, ... And ofcourse the mining software from NiceHash, Claymore, EWBF or many others.
This software connects your computer to the network and enables it to interact with the cryptocurrency mining pools, when you are connected you can start mining cryptocurrencies and get deposits of mined coins to your own wallet adress.
For ASIC Miners for the ones like the Antminers for mining Bitcoin, they will include it with everything pre-configured, including a bitcoin address, so that all you need to do is plug it in the wall.
Me, BuriedONE can make you anything you desire, it does not have to be an ugly mining rig.
A 4-Way SLI Watercooled 1080Ti Game PC can also function as Mining rig.
Overclocked, Underclocked, Extreme Overclocked, RGB'd, Watercooled, LN2'd? Have fun.