The way the world and its various entities work is constantly changing. Some incidents completely change the way things are operated. One of these changes is the invention of cryptocurrency and the blockchain system. Cryptocurrencies are changing the market trends. Businesses are digital currencies for their trades. The whole world seems busy mining cryptocurrencies, especially bitcoin. Tons of energy is being utilized in mining cryptocurrencies because it is the best and easiest way to earn. You will seldom find a cheap mining rig. Building mining rigs with keeping the cost as low as possible is not difficult. Let us discuss how to make a cheap mining rig. But before going into depth on this, you should know about some aspects of the process.
What Is Mining Rig?
Don’t confuse yourself with the word mining rig with the huge drilling rigs used to drill wells for oil and gas. This is a digital world with digital rigs. Simply a computer or a set of computers is called rigs. But obviously, word rig is used for some reasons because the specifications of these computers are slightly different from the usual pcs used in homes and offices. In cryptocurrency mining, you have to deal with hashes per second symbolized by h/s and these pcs are specially designed for digging out maximum workload’s specific performance. It means you cannot use these pcs for other purposes efficiently. Building a mining rig is the installation of some components together. We will discuss them in detail later in this article.
High-Efficiency Mining Rigs:
When it comes to cryptocurrency mining rigs, the cost factor is always there. You can spend a tons of money buying high graphics computers and power consumption. Usual mining rigs are too costly like BITMAIN S17pro 56TH/s have cost about $7750 and consume the power of about 1696-2290w. They have Asic, a circuit designed for special tasks like mining. Some countries are prominent in building mining rigs, like Iran, China and UAE. They have built like colonies of rigs. They are spending tons of energy and a lot of money. The mining process includes reading complex hash functions, which require high computing power. The production of carbon in those rigs is a big controversial issue these days. The amount of energy used in mining processes is significantly more than that of an average house in the UK.
How To Build Mining Rig Keeping The Cost Low?
You want to be a part of the mining process, but the cost hinders you in building a mining rig? There is no need to worry. We are here to help you out. If you are thinking about whether your personal computer can be used as a mining rig or not, the answer is yes. With some alterations to your personal computer, you can use it as a cryptocurrency mining rig. However, it may not be able to dig like supercomputers, but you can be a part of mining and make it profitable. Different currencies operate on proof of stake; you can earn with proof of stake currencies using your pc. Here are some components you can use for building a mining rig.
CPU:
Experts of a coursework writing firm say that GPUs and Asics are too costly, so you can go for a simple CPU. We would suggest any intel CPU or Celerons having 2 cores and 2.5ghz clock speed ranging between 40-50$. Lowering the cores and lowering the threads would reduce power consumption. It would decrease the total cost of cryptocurrency mining rigs drastically. It is one way to reduce extra power consumption.
Power Supply:
Here is the biggest misconception about building a mining rig. There is no need to install a heavy wattage power supply. The only factor in choosing a power supply is your graphics card. And for building a mining rig as cheap as possible, you don’t have to use a heavy graphics card either. You can install any power supply with having 120mm fan and 350 watts of power. It is super cost-effective and will be compatible with the graphics card also. The price is between 30-and 40 US dollars. It makes it possible to get rid of heating and burning up your computers with heavy-duty power supplies.
MotherBoard:
Next in line for building a mining rig is the motherboard. You should keep two things in mind before buying a motherboard. The motherboard should be cheaper as our main purpose is to build a cost-effective mining rig. Motherboards should have PCI slots and graphic card slots if you want to use a high graphic card in the future. It is recommended that you save money from all components except the graphic card. You can go for MSI or GIGABYTE motherboards with good features, and it costs 70-80 dollars.
Ram and Hard Drive:
For building a cost-effective mining rig, the recommended ram is 8GB ddr4, but you can use 4GB, too accoding to your usage. In hard drives, we would suggest going for a solid-state drive. The major benefit of SSD is it is faster and less power consuming, the best fit for mining purposes. You can buy a normal 128GB SSD for about 40-45 US dollars, obviously cost-effective.
Read also: How to bring an offline lexmark printer online
Graphics Card:
The most important part of building a mining rig is the graphic card. If you are building a mining rig, it is not possible without at least one good graphic card. We would suggest the Radeon RX560 series for this purpose. It would cost you more than your whole pc and cost about 350 US dollars. This is necessary for mining purposes because hash functions are not easy to read.
Conclusion:
Building a mining rig while keeping the cost as low as possible is very easy. We have recommended the best cost-effective model, which costs nearly 200 dollars without a graphics card and nearly 550 dollars along with the card.