If you’re up to setting up your own bitcoin miner, you should be ready to overcome a number of difficulties during the process. If you have enough time and patience, you’ll achieve the goal.
(Remember that there is also an opportunity to buy a cloud mining contract. We believe the most reliable companies are Hashflare and Genesis Mining).
You can also choose a mining rig. On our website we provide all the information that those who want to buy a mining rig should know (its price and features to pay attention to).
If you believe that it’ll be too hard for you to build a mining rig, you can buy it. In this case, you won’t be required to do anything – you just turn it off and choose a pool with which you want to start mining. (Don’t forget to register a wallet before starting to earn cryptocurrency)
Sometimes, there arises a need to make some steps before you can start mining. (As a rule, the need occurs when your rig, GPU or FGPA isn’t ready)
- The 1st step. Download the Bitcoin client. Due to the fact that the size of the file is very big, it can take up to 2 days for the process to finish (everything comes down to your download speed).
- The 2nd step. Now, you’re required to download certain bitcoin software. In particular, you need a certain program that will tell your mining hardware how to work.
- The 3rd step. Choose a good mining pool. If you don’t know how to choose a good mining pool, use the tips provided in one of the articles on our website.
Sometimes, a miner that you buy has already preset method of connecting it to the network. We have to warn you that this isn’t an easy process due to the fact that you may be asked to download drivers and even run the miner yourself.
If you use the BitMain Antminer S1, S2 or S3, you’ll have to download drivers. Besides, the program will also ask you to define and switch IP addresses protocols. In other words, you’ll have to do some steps that are far from easy for the majority of users that are not that good when it comes down to routers and working on PC.
We believe Spodoolies to be one of the simplest miners to use as far as the process if setting up goes. You just need to connect it to your router and then follow the instructions you’ll be provided with.
One more thing you’ll have to take care of is a PSU. Again, you can either buy a miner that already has its own PSU or you can buy a miner that doesn’t have it (you’ll have to spend some money on PSU as well). When buying a PSU, you need to ensure that it’ll provide enough power for your mining hardware. For example, the Spondoolies tech SP20 requires 1200 Watts. (Sometimes, it’s more beneficial to buy 2 PSUs (750 Watts each) than one PSU).
Standard PSU units require a user to “complete the circuit). Don’t worry this operation only sounds scary. Actually, there is no danger that’s associated with it and you’ll manage to do everything in 5 minutes.
The process implies that you need to allow electricity to flow. A PSU is meant for providing power to motherboards. Consequently, your task is to make a PSU “think” as if it’s connected. Here is how the process goes: you take the largest connector (24 pin connector) and put a paperclip from the green wire to any one of the black wires. If the wires are bare, there is no danger to your life since the voltage is very low.
Ione more thing we find to be very important to point out is the fact that you need to sum up all your expenses in order to see how fast you’ll be able to return your investment. If you buy a miner that has no PSU, it means that you’ll have to spend some extra money.