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How To Build An Ethereum Mining Rig – Beginners Guide 2023

by cryptocreed
written by cryptocreed

In January, Ethereum wasn’t even worth 10 dollars, whilst we’re trading them for over 300 dollars right now. It’s not very hard to see that Ethereum is growing & thriving like never before. It’s time now to help nature a bit by building your own Ethereum Mining Rig!

In a previous article, how to mine Ethereum, I explained how you, as a crypto-person, can start mining. Today, I will go more in-depth into the magical world of setting up your own Ethereum Mining Rig, which isn’t very hard but isn’t very easy without some sort of help or guidance.

In this article, I will be focussing on a mining rig with 6 modern GPUs. You could choose more GPUs as well, but you will need different Mining Cases, Power Supplies and more, than what I will mention here. Obviously, this could be used as a guide for any rig and you would only have to change some parts of your hardware to make it fit again.

Building an Ethereum mining rig is as easy as eating mango.

What will you need?

  • A motherboard
  • CPU
  • A power supply
  • Up to 6 GPUs (Of course you can use more if you take a different build)
  • Up to 6 USB riser cables (1 per GPU)
  • A hard drive (SSD preferred)
  • Memory

These 6 parts are essential for your mining rig. Leave out one and you won’t be having a profitable rig. Below, I will give more details on each part and what I would recommend adding to your mining rig.

Although I will be mentioning the components that I think are the best to use, it’s recommended that you do your own research on these too, as the ones that are the best for me, could be garbage in comparison to the other components you can find. If you have almost free electricity, you probably wouldn’t mind about higher electricity consumption, whilst that would be a disaster for me, as I live in a country with quite high electricity prices. Another reason is that I could miss great components, which would be better than the ones I list here. Ethereum mining best GPU. (How to build an Ethereum Mining Rig).

Motherboard

The motherboard is the “brain” of your mining rig. From the motherboard, the GPUs are controlled and your miners won’t work too well without it. You will need a motherboard with 6 PCIe slots to connect a GPU through. There are multiple great motherboards on the market, some more widely available than others and some functioning better than their rivals, but I would like to recommend you either of these: Z270 Gaming M5 (Or M7, but the M7 is far more expensive), the cheaper but not much worse ASRock H97 anniversary and the older but still working ASRock H81 PRO. The Z170-E ASUS 6 GPU motherboard is a great option too, as long as you don’t go above 4 GPUs. Although it should be able to control 6 GPUs, some bugs may arise if you connect more than 4 GPUs to it.

The most important part is that you play it cost-efficiently: Spend less, earn more. Therefore, you should also search for each fitting motherboard on multiple sites (or just google it), to figure out the best price for the best quality. (How to build an Ethereum Mining Rig).

CPU

Although there are some Motherboard+CPU in 1 combination available, the separated Motherboard and CPU are preferred. You don’t necessarily need a $500 CPU, as it’s not the most important part of your rig. A good CPU that is pretty affordable and functions well is the Intel Celeron G1840. It’s

Power Supply

A great PSU (Power Supply Unit), is the EVGA 1000 GQ, which provides 1000 Watts. The PSU should provide enough power for your rig and is not insanely expensive. It kind of depends on what components you’ll take in your mining rig and how many GPUs you put in it. If 1000 Watts is not enough for your rig, the SeaSonic Platinum 1200W offers a wonderful solution as well, with 200 additional watts for you to use on your rig.

GPUs

There are multiple factors that make GPUs good. The most obvious ones are its price and its hash rate. The price should be low and the hash rate should be high. Then there’s another important property of your GPU that should be good, which is its electricity consumption. If your electricity cost is high, you might just as well stay out of the Ethereum Mining business.  Make sure your electricity cost is not high, but also not very low, you should probably go for a miner that consumes very little electricity. If you got access to very cheap electricity or even a free supply of it, electricity consumption should be less of a worry for you. (How to build an Ethereum Mining Rig).

In short, that means that you will need to find a GPU with a high hash rate, for a low price, and with low energy consumption. Below, I will list some of these GPUs.

There are multiple great GPUs out there and it’s quite hard to say which is the best. Currently, the GTX 1070 is a great option. The best GTX 1070 is probably the Gigabyte GeForce GTX 1070 Windforce OC 8 GB. Although it has a 10% higher price than some of the other GTX 1070s, it truly compensates for that disadvantage by delivering a higher hash rate with very well functioning built-in fans to keep the miner cool, as you could probably derive from the name and last but not least: low electricity consumption

There are other great GPUs too, like the Radeon RX 470 and Radeon RX 480, which are undoubtedly among the best GPUs on the market. They have a power consumption that’s only slightly more than the GTX 1070, they cost less than the GTX 1070, and their hash rate approaches the GTX 1070’s. It really depends on when you’re planning to buy them and what your precise electricity costs are, as their prices are fluctuating and from time to time a cheaper GPU is available on either the RX or GTX side.

Hard Drive

Another necessary component of your mining rig is a Hard Drive. You could use a cheaper HDD/USB stick, but the SSD is preferred. If you are looking for a low-budget mining rig, you should go for the USB option though, as that tends to be much cheaper. The SSD is faster though and it often stays in good shape for longer.

Riser Cables

Now, these don’t have to be very expensive. You need a bit of quality though, so I recommend not to order at unknown sites that you shouldn’t trust, but you shouldn’t be paying tens of dollars for these things though. It’s best to use 1x 16x riser cables, which are needed to connect your motherboard & GPUs. One of these per GPU should be enough. (How to build an Ethereum Mining Rig).

Memory (RAM)

The Random Access Memory is the last, but definitely not the last piece you’ll need to complete your rig. A while ago, the 4 GB was fine and it should still work well, but I recommend getting 8GB of RAM now though, simply because it’s faster and more future-proof. The HyperX FURY 8GB DDR4 seems alright, but really any 8GB DDR4 coming from a trusted retailer should work for your mining rig, so don’t hesitate to buy one if you find a cheaper one at a trusted retailer.

Assembling the rig

Now we arrive at the part that’s much easier than the previous one for some, but much harder for others. It’s hard to explain how to assemble the whole rig exactly, as: If I would explain it, it would only be valid for one rig and you could encounter tons of complications if you take even a slightly different rig and your real situation might not even come close to my situation.

Assembling the rig mostly takes patience, a bit of work, and a reasonably well functioning brain. It’s not rocket science, really, as all pieces are kind of made to work together with other pieces.

Some obvious, yet often forgotten things are the temperature and ventilation of the room you put the miners in. You should put the miners in a cool environment, not too close to other objects (especially inflammable ones)

If you need help assembling the rig, a video would most likely help more than just words. Therefore I recommend to you: Youtube.com. The number 1 video provider on the internet. Just search for “Mining rig” on its search engine, together with some words that would best describe your rig, and off you go. For specific help, I recommend the Technical Support section of bitcointalk.org.

You’ve made it!

Now you know how to build an Ethereum mining rig! All that’s left to do is installing the right mining software (I suggest getting Claymore’s) on the right Operating System (I recommend windows 10, as it’s widely used, very reliable and functions greatly), configuring your miner to your likings (Overclocking it, underclocking it or just running it regularly, try testing it for the right hash power at the right electricity consumption, etc…) and then it’s finally time to pull some fresh Ethereum into your wallet!

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Ethereum mining
AltCoinCryptocurrencyMining

How To Do Ethereum Mining? Ethereum Mining Guide 2023

by cryptocreed
written by cryptocreed

How to mine Ethereum- Ethereum Mining

Since the launch of Bitcoin, mining has been a sweet way to earn some extra Bitcoins, as rewards were high and the difficulty was still low, because of the low amount of miners. Let’s learn How to ethereum mining.

The current Ethereum price is [eth-price]$.

If we manage to put them on the ladder wise then it will look like a;

  • Selecting hardware
  • Installing software
  • Joining pool
  • Starting mining
  • Start earning Ethereum

Currently, the situation is a bit different… Right now, it’s almost impossible to make any profit mining Bitcoin without specialized hardware and even then there are tons of risks and the possible rewards stay low. If you are not knowing how to start Ethereum mining then you are at the right place to learn.

That’s why many people are switching from mining Bitcoin to mining other cryptocurrencies. Ethereum is one of such cryptocurrencies. It’s a great alternative to Bitcoin and mining it can surely be profitable.

The problem is that most people don’t know how to mine Ethereum and the vast majority of them don’t want to find out, simply because they think it would take too much effort or that it would be too difficult. That’s why this article will focus on providing a simple guide on how to mine Ethereum. You will learn Ethereum mining how to.

Cloud Mining: An easy, but dangerous way

Cloud mining is probably the easiest way to mine Ethereum. The idea is amazing: You invest in a cloud mining company, the company buys miners, pays for the electricity, and runs them in a large facility, so they can make more ROI (Return On Investment) than you can by mining at home.

There are tons of Cloud Mining websites out there, offering you Ethereum Mining contracts for a certain price, often packed together with some maintenance costs. However, most of these Cloud Mining companies are scams. They will take your money, pay some of their investors to build trust, and then run away with the rest of the money.

Some Cloud Mining companies are less shady. One of these is Genesis-mining.com, which has been dominating the Cloud Mining sector for years now. The big disadvantage of investing in Cloud Mining companies like Genesis Mining, however, is that they don’t offer a lot of ROI (Return On Investment), unless the price of the cryptocurrency rises, which is what you want when you invest in a Cloud Mining contract.

Ethereum mining online is supported on multiple websites, although the problem is that the legitimate companies don’t pay a lot of ROI and the companies that do give you a lot of profit, are scams.

That’s why I suggest not to invest in Cloud Mining and to follow our guide below on how to mine Ethereum yourself.

Mining Ethereum yourself: A great opportunity

Mining Ethereum yourself is a bit harder than simply making an account on a cloud mining website and paying the company some money, but it’s also much more rewarding and isn’t as risky.

But don’t know how to mining ethereum? Do not worry this article will guide you to start mining Ethereum at your home.

Below, I will be talking about each part of the mining, from choosing the right hardware to joining the most profitable mining pool.

Choosing the right hardware

Choosing the right Ethereum mining hardware is hard. You have to find a low-cost miner that doesn’t consume much electricity but still provides some nice profits. The best way to mine Ethereum is through specialized GPUs. There are multiple places you can look for GPUs that fit your needs, such as on eBay, Bitcointalk & trusted webshops. Beware of fake reviews on these webshops though, so always google “[webshop name] scam”.

Here I mentioned the best Ethereum mining rig which you can purchase.

If you’ve found a miner that’s not too far out of your budget, you could try putting the information of the miner in a mining profitability calculator, like https://www.cryptocompare.com/mining/calculator/eth. What this calculator doesn’t show, is the noise the miner makes and the space it takes. Obviously, you must do your research

Remember that drops in Ethereum’s price or the rising mining difficulty might make reality a bit worse than what the calculator shows… Rises in Ethereum’s price, however, could make you some extra money. Also, take into account the quality of the miners. If the miner has been used for years already, its hash rate is probably a lot lower than when it was new and it will most likely stop functioning properly quickly.

If you’re not sure whether it would be wise to buy a miner or not, you could try asking people in the Mining Support section of Bitcointalk or on the other site. It’s definitely not an easy choice and mistakes are made very often.

Cooling, Power supply, etc.

As mining Ethereum consumes electricity and produces heat, you must get a power supply and a cooling system too. The amount of cooling your mining rig requires, depends on where you live though, as living in Antarctica obviously doesn’t require a very expensive cooling system, whilst living in a desert would require a well-functioning cooling system.

Power supplies and motherboards are also necessary for an Ethereum mining rig. What Power supply and motherboard you should get really depends on the miners you have in your rig. It’s recommended to do your research on both the miner and the cooling system, power supply, motherboards, and any additional parts like the computer cases, before purchasing any of these.

Installing Software

To mine Ethereum, you also need the right software. One of the best places to get your Ethereum mining software is https://github.com/nanopool/Claymore-Dual-Miner/releases. Although there is other mining software available, claymore’s is the best I know of. Install the newest version, configure it as you like, and go here to see all commands and features: https://bitcointalk.org/index.php?topic=1433925.0. That is also the place to request help if needed.

Joining a mining pool

Joining the right mining pool is a very important part as well. As solo mining has become nearly impossible nowadays, due to the total hash power being very high, which makes your chances to find a block very low, and thus it might take years to earn your first dollar worth of Ethereum.

Therefore, it’s recommended to join a mining pool. Mining pools are groups of people mining in one “pool”, combining their mining power to achieve a higher total mining power, which makes your chances to find a block higher and thus you will find blocks more often and your income will be higher.

As most pools take a fee, it’s also important to take the fees into consideration. Some mining pools offer very low fees, but if their total hash power is still very low, it won’t be worth it. Therefore, you must look for a combination of high total hash power and low fees. This will grant you the best possible income.

Managing the risks & rewards

The final part of the game is managing your risks & rewards. It’s very important to be the only one who has access to the Ethereum address you’re sending your mining rewards to, you must make sure not to lose your keys and you should never rely completely on mining. If you completely rely on mining, a simple drop-in Ethereum’s price, a rise in its difficulty, a break-down of your miners, or some other disaster could ruin your life permanently.

Ethereum Mining Calculator

You can use the below form in order to calculate ethereum mining.

[eth-mining-calculator]

Ethereum Mining FAQ

Is there anything like free Ethereum mining sites?

There is no way to mine Ethereum for free but there are some sites that are not really worth it.

Ethereum mining profitability?

The mining of Ethereum is still profitable with only the best and high-quality mining rigs.

What is the best Ethereum mining pool?

Click here to find all pools which you can use in your mining.

Is there any Ethereum mining app?

If you are doing mining with hardware then there is no need for the ETH mobile mining apps and if you are doing cloud mining then there are many apps.

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