Cryptocurrency mining is a highly knowledge-intense field, especially when it comes to specific terms. Mining rigs are available in different quality and quantity within operational systems like Hive OS. Overall, it is an arrangement of multiple hardware elements in order to proceed with verifying a network block and securing transactions in it.
Types of Mining Rigs
Mining rigs are categorized based on the hardware tools they apply:
- CPU is the simplest mining format. There are still cryptocurrency blockchains that maintain mining through the processing power of the CPU. The performance speed and hashing rates are low in comparison to other solutions.
- GPU mining rigs are frequently believed the best overall solutions. Although ASICs are better in terms of speed and cost-efficiency, the adaptability and flexibility of the best mining GPU is second to none.
- ASICs are purpose-built products that will mine a certain type of coin only. Application-specific integrated circuits give the best balance between the consumed energy and generated hashes.
How to Build a Mining Rig
In order to arrange a mining rig from scratch, enthusiasts have to understand their budget capacity, particular cryptocurrency requirements for mining, as well as the potential hashing power to produce. Take into account the following must-haves for your mining rig:
- refrigeration tools
- protection cabinets with high-end ventilation
- enough power supply
- mining software, and so on
How Much Does It Cost to Build a Mining Rig?
The previously highlighted factors will obviously influence the project cost. The more hashing power you would like to achieve, the more expensive and advanced mining rigs you will need to build. In practice, GPU rigs will be more affordable than ASIC ones. The difference in their efficiency will be in the favor of ASICs, naturally.
What Can I Mine?
The answer depends on what mining rig you apply. Whether you participate in CPU solo mining or mining pool, verifying Bitcoin blocks is no longer possible. Understanding what crypto can be obtained will let you know what option to look for. Here are some currencies to mine via a particular rig:
- You won’t find tokens with large caps on the list of CPY mining anymore. The most popular ones are Monero (XMR), WebDollar (WEBD), Verus Coin (VRSC), and other altcoins.
- GPU mining is richer and more suitable for Bitcoin, ZenCash, Dogecoin, and other coins.
- The variety of ASICs is increasing, and specific miners can get additional Bitcoin, Dogecoin, Litecoin, and others.
The Future of Mining Rigs
What is a mining rig from a long-term perspective? They are extremely efficient and the most productive ways to mine cryptocurrencies. Whether interested parties are interested in a Bitcoin mining rig or another crypto mining rig, their choice won’t be limited. The variety of hardware arrangements can differ though. CPUs and GPUs are expected to be displaced by ASIC mining at a skyrocketing speed.