Are you serious about mining cryptocurrencies? If so, you need to know how to make the bitcoin mining hardware profitability ratio use of your money and equipment. In this guide, we’ll show you how to mine your digital treasure in the most profitable way. Obviously, the big money is going into costly bitcoin ASICs.
If you are already in that position, you probably know how the process works and are intending to mine bitcoin. However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for bitcoin or other SHA-256 currencies. The SHA-256 algorithm favours raw processing power. The scrypt algorithm favours greater amounts of RAM and parallel processing ability, which is why GPU-based rigs are still the way to go.
Furthermore, ASICs for scrypt have yet to take off, so the difficulty level of those currencies has not been pushed up as dramatically as has been the case with bitcoin. While some people may use a standard PC case, many use unusual casings, such as beer crates, which allow for increased air flow around the components. Ethernet port, and are usually ready made by manufacturers. ASIC miners are usually more expensive than DIY rigs and are mostly produced in the USA, which means those of us in other parts of the world will have to spend a little extra to get them imported. Plus it’s a good idea to provide some excess capacity to deal with unexpected events and provide the potential to overclock your system.
ASICs, on the other hand, can do far more calculations with far less power because they are highly specialised devices. And since they ship with an appropriate power adapter, you won’t have to worry about doing all the maths to find one that is up to the task. Check your bills After the initial expense of your rig, the essential thing you need to know to calculate your ongoing profitability is the cost of your electricity. Check with your provider, or take a look at your last bill. If the power charges add up to more then you earn, it obviously isn’t a good business model.