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      "title": "How to Build a Mining Rig? Step by Step Guide",
      "body": "Mining is one of the ways through which you can get yourself some of the valuable cryptocurrencies out there.\n\nWith the right equipment, this venture can actually be profitable.\n\nLet’s look at a step by step guide on how you can build a mining rig to help you start mining coins.\n\n1. What is a mining rig?\nMining rigs are simply powerful computer systems set up to carry out mining of a cryptocurrency.\n\nA rig could be a specialized and dedicated system that is used for mining or otherwise be meant for other operations like gaming and be utilized for mining when needed.\n\n2. How does a mining rig work?\nA mining rig works by using the mining software on a miner to hook the mining hardware to a given mining pool.\n\nThe mining rig points the rig’s hash rate at the pool before participating in the process of securing and completing transactions on the network.\n\nYou get rewarded when your rig helps the pool add a block to the blockchain.\n\n3. What are the different types of mining rigs?\n1) CPU mining\nThis is the process of mining crypto using a CPU processor to perform the computational algorithms to solve blocks. However, it is no longer widely used.\n\nWhat are the pros and cons of CPU mining?\n\nPros\nThe CPU mining rig is inexpensive since it can be done with an ordinary PC.\nYou can mine other newer altcoins with CPU easily.\nCons\nIt is the slowest form of mining; almost obsolete.\nLow hash rate.\nIt’s not profitable because it’s slow.\n\n2)GPU mining\nGPU mining rig involves the use of graphics card to complete the mining process in a network. It is used more widely for bitcoin mining than with CPU.\n\nWhat are the pros and cons of GPU mining?\n\nPros\nHigher hashing power compared to CPU.\nUseful in mining a wide variety of cryptocurrencies that have different hashing algorithms.\nProfitable when done properly.\nCons\nQuite expensive.\n\nWhat to consider when building a mining rig?\nConsider the following when building your own mining rig.\n1)HaHash rate refers to the total number of calculations that the mining hardware can handle every second when the mining process is on.\n\nWe measure hash rates in terms of their megahashes (MH/s), gigahashes (GH/s), and terahashes (TH/s) per second.\n\nIn mining, the higher your hash rate, the more it is likely that you may end up successful in getting a transaction secured and verified.\n\nThis means a higher chance of getting an ROI.sh rate\n\n2)Energy consumption\nCryptocurrency mining consumes huge amounts of power and therefore, the cost of electricity is always higher. Beware of how much that given to set up will consume vs. the expected ROI.\n\nTo be on the safe side, look at the hardware’s power consumption in watts before making a purchase.\n\nTo find out your hardware’s energy consumption, take the hash rate figure and divide it by the wattage of that hardware.\n\n3)HarIt is good to consider the prices of the hardware equipment you are going to use.\n\nThe cost to put up the rig should be proportional to the expected profits. Check the market for cost-effective tools that give you performance and yet are not too expensive.\n\nYou can use Amazon or BestBuy as a reference.\n\n4)Maintenance\nMaintenance is a key component if you want to get the best out of your DIY assembled mining rig.\n\nAs you set up the rig, consider the maintenance costs, the frequency of doing so and how that can be effectively done to ensure you have an output equivalent to the costs.\n\nThings like the cooling system need frequent checks, so consider getting one that won’t bog you down with constant failure.\n\nHow to build a mining rig?\nHow to build a mining rig may appear a daunting task at first but once you get everything you need, you will find it much easier than you initially thought.\n\nAnd therefore, the very first thing is to assemble everything you will need so as to save yourself the hassle of running up and down trying to locate this or that.\n\nhttps://freedomnode.com/uploads/images/b86ea0bd27567e575252c55a0051cdf4d1b4ebf55f6e614fabde7f27a36e7429.jpg\n\nIt is also important to be accessible to:\n\nReliable electricity supply.\nEthernet (wireless can do, but Ethernet is the best).\nHere is what you need to start with:\n\nMotherboard\nA motherboard is simply that big flat component of your computer that everything else plugs into. Whatever device you choose must be compatible with the MOBO.\n\nhttps://freedomnode.com/uploads/images/0b25216911caeb70ce3380fe2c6905a3ba97092a4257f5b05512d2d22ddee2bb.jpg\nThe motherboard will determine the kind of CPU to use, the number of GPUs you can add, and memory limit.\n\nTo check if the CPU and your MOBO are compatible, use the Part Picker tool for PCs. A good MOBO for mining rigs should have the capacity for at least 6 GPUs.\n\nOne of the best MOBOs out there is the MSI Z170A Gaming Pro Carbon.\n\nCooling\nAnother very significant factor to consider is where you want to put up your rig. This is important because we want to have our rig in a well-ventilated place that would aid in cooling the rig. It is important to keep your GPU rigs in a cool area because they tend to overheat.\n\nThe GPU should have an optimal temperature to operate in.\n\nCooler rigs will have a better output which is our aim. So you should use AC, air duct boosters or oscillating fans to keep the room cool.\n\nGraphics card\nYou will, of course, need a graphics card (or many of them) which is the main component that will be solving difficult mining problems.\n\nhttps://freedomnode.com/uploads/images/a7b1837ce605ec6f9f8cb505aa1907058f2ab35cd4687bf5c6c397f2bdb99078.jpg\nWe recommend Nvidia GeForce GTX 1070 because of its performance or AMD RX 480 for its low price and the fastest ROI.\n\nPower supply\nHow much power do I need for my rig? That solely depends on the hardware used.\nhttps://freedomnode.com/uploads/images/0afdd9392297aecf38816a2379ff524d378f9ab90a454d4db5e7b596c73be758.jpg\nSince your graphics card will draw the most power, please refer to its manual to see the max power consumption. If you have more cards in the rig the desired power could be calculated as follows:\n\nThus 1500-1600W power supply would give you plenty of room for your rig without risking any overload.\n\nIn that case, we recommend you have a look at Thermaltake Toughpower 1500W 80+ Gold power supply.\n\nAre you ready to mine? Let’s build our mining rig.\n\n1 Setting up your rig frame\nGet something that can hold your rig’s hardware together. If you are building a smaller rig, an old computer case will do.\n\nHowever, you can also opt for commonly used items in the home like milk crates, wire racks or wooden frames.\n\nAlternatively, you can go for one that is ready-made; though you’d need to be sure it will fit the rig you intend to build.\n\n2 Set up your motherboard\nPlace the motherboard on a flat non-static surface and carefully insert the CPU component into the socket.\n\nUse thermal paste to have your custom cooler attached to the CPU. Learn how to correctly apply thermal paste to CPU or GPU if you've never done it before.\n\nMake sure not to tamper with the CPU fan. Connect this CPU fan to a 3-4 jack and then to the RAM.\n\nPlace the motherboard onto the rig frame and secure it into place using screws. Be attentive not to have the motherboard touching any metallic surface (metal surfaces are conductive).\n\nConnect your SSD to the motherboard and secure it into place too.\n\n3 Install the PSU\nConnect the motherboard to the power supply unit using the 24-pin connector near the CPU. Use the 8-pin connector to connect the CPU to the PSU.\n\nThen connect the SATA to the SSD. At this point, ensure the SSD has a power supply connection and that it has a SATA properly connected to the motherboard.\n\nYou should zip-tie any extra cables that may get in your way. It is sometimes challenging to have the wires in place neatly, so be patient and use zip ties to hold the wires in position.\n\nWith the PSU in place, install the Molex and the 6 pin or if otherwise, the 6 +2 cables into the power supply unit.\n\nThe next thing is to power the GPU risers. This is done from the SATA cables. Just take the SATA power cables and line them next to each GPU position along the rig.\n\n4 Adding GPU risers\nIt is much easier to just have the USB and Molex cables installed into the RISER socket before attaching the GPU.\n\nSecure your GPU to the rig frame before you proceed to connect the USB into the motherboard slot. Do this one riser at a time till all are done.\n\nAfter you are done with the risers, connect all your PCIe cables to the GPUs. Every Molex cable comes with at least 3 connecting cables, so you should be able to use 2 of the 3 connectors on 2 different GPU cards.\n\nFor instance, I am imagining you have chosen to go with 5 cards. In this case, attach one card to the motherboard and the other 4 to the Risers.\n\nTherefore, if you have 2 Molex cables, you should be able to connect all the other four cards.\n\n5 Booting up\nFirst, you must have an OS system of your choice on a USB drive.\n\nWhen booting up for the first time, have your computer monitor connected to the motherboard. The connection should be either to the motherboard’s Graphics output or essentially to GPU.\n\nNext, plug the PSU into the wall socket before you connect the Ethernet cable. You should then boot up the computer and go to BIOS. Getting into BIOS is usually automatic, but if it doesn’t seem to be getting you there, press the DEL button whiles the PC boots.\n\nGo to Settings -> Power management and set your rig to automatically reboot in case of power outage.\n\nNext, check the PCIE subsystem and set it to either gen 1 or gen 2. If the default is set to auto, that’s fine. Proceed to shut down your PC.\n\n6 Reboot the system using the USB stick you installed. \nFirst, load the OS and go to windows. Once on windows, proceed to the website of the motherboard you used.\n\nUse a second computer to download all the relevant drivers that are available.\n\nInstall the drivers and run windows update to have the computer system up to date.\n\n7 Optimize windows. \nDisable superfetch. With the SSD in place, the will be the set up: Run -> Services -> superfetch (disable).\n\nYou should then disable all updates and make sure you cancel any scheduled tasks.\n\nDownload the latest version of video card drivers and then do an installation.\n\nOnce done with the installation, reboot your computer.\n\nOn booting up, go to Device Manager to check and verify that the system has detected all the GPUs.\n\n8 GPU BIOS set up.\nBefore you proceed, it is also prudent to make a backup of all the files. For the RX series, I recommend you go for Polaris Bios Editor.\n\nNext, we want to set up our GPU by doing a BIOS flash. To do this, flash the BIOS of each and every GPU with AtiFlash.\n\nOnce the process is done, reboot your computer.\n\n9 Download Mining Software.\nOn reboot, check once more if the system still detects all the cards.\n\nLogin and download your preferred mining software and install. Just to name a few: BFGminer, CGminer, NiceHash\n\nThe next thing is to choose a pool and set up your pool’s credentials.\n\nChoosing a pool is essential if you are to realize a good ROI because if you choose to solo mine, the returns will be too little and far apart.\n\nYou should now go ahead and set up the .BAT file to automatically start the mining software of your choice on system startup.\n\nGo to Windows -> Start -> Programs -> Startup and have a .BAT file shortcut created. The file should either come with the mining software or you have to create it manually.\n\n10 Download and install overclocking software.\nDownload the MSI Afterburner, SAPPHIRE TriXX or any other overclocking application.\n\nUse that to make adjustments to the GPUs core, voltage and memory. Aim at having low voltage use but high memory clocks for crypto like ETH.\n\nIt is possible to lower the core clock when using one of the RX cards.\n\nWhen mining other cryptocurrencies, it is advisable to set the rig at low voltage use but high core clocks.\n\nFor optimum output, tweak around with the settings until you get what’s best for you.\n\n*****\n\nThe value of cryptocurrencies like Bitcoin and Ethereum has added to the attraction people have for them.\n\nMining is one of the most profitable ways of getting the coins. But it needs dedication and readiness to invest. As such, you need to do is have a good rig to help you get started.\n\nThe views expressed here are those of the author(s) and do not necessarily represent the views of Freedom Node.\n\nWe hope you  the post. Please share it with your followers. Thank you for your support!\n\nSubscribe to our newsletter for weekly thoughts and tutorials. You'll receive a FREE e-book as a bonus!",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.ccn.com/bitcoin-price-breakout-days-away-long-term-trend-bullish-analyst/",
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      "body": "https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2017/02/Bitcoin-spike-chart-760x400.jpg\nBitcoin’s price has bottomed and will break out over the next few days. That’s what Robert Sluymer, head of technical strategy at Fundstrat Global Advisors, predicts.\nAs CCN previously reported, Sluymer said the technical setup is very attractive for a near-term rally. But he also projects a longer-term resurgence is in the making.\n\n‘Markets Always Respond To Technical Analysis’\n“I think the markets always respond to technical analysis,” Sluymer said. “Price is news in the crypto world. And there are some very important levels coming up for bitcoin literally in the next couple of days.”\n\nSluymer said if we define a trend by a series of higher lows, the technical chart shows that there has indeed been a series of higher lows, both recently and dating back to 2016 (see below). That’s a bullish indicator.\nhttps://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/06/fundstrat-Robert-Sluymer-sees-bitcoin-price-breakout.jpg\nSluymer said the daily chart on bitcoin is also very instructive, as it shows that a bottom has been reached. “This 15-day moving average is a very good proxy for trends,” he said.\n\n“If we think about what does it take to turn a security, a market, or a cryptocurrency around, it first needs to bottom. Then it needs to reverse through that uptrend or downtrend, and then it needs to turn that trend positive.”\n\nSetup In Place For Near-Term Spike\nSluymer said the charts show that BTC prices have hit bottom, so the setup is ripe for a near-term escalation.\n\n“We have step one in place. We have a bottoming phase in place, and it’s starting to go sideways,” he explained. “And it’s right at that point where it’s challenging its downtrend.”\n\nSluymer said BTC needs to break through two key low points at $7,350 and about $7,000. He said if bitcoin can’t bust through those levels, the longer-term trend turns negative, but that’s unlikely based on technical analysis.\n“Once it breaks above $7,800, the trend is clearly pointing up,” Sluymer said. “So the setup is there.”\n\nAnother bullish indicator is that bitcoin is currently oversold, with a relative strength index (RSI) that recently topped 40. An RSI of 30 indicates an asset is oversold.\n\nSluymer said bitcoin’s RSI has stalled and is moving sideways, so it’s moving out of “oversold” territory.\n\nTrading Volume Is Artificially Deflated\nAnother bullish signal that doesn’t show up on the technical charts is the flourishing over-the-counter market.\n\n“There’s clearly a bigger OTC market developing. We hear it from the brokers and the clients,” Sluymer said. “It is happening. There are trades developing, but we don’t see it in the charts. What you see in the charts is the trading volume getting lighter and lighter and lighter as the cryptocurrency moves sideways.”\nSluymer said huge block trades are occurring but aren’t showing up anywhere, giving a falsely dismal impression of bitcoin trading volume.\n\nMeanwhile, Sluymer’s colleague and boss, Fundstrat co-founder Tom Lee, “absolutely” stands by his bitcoin price target of $25,000 by the end of the year.",
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