Tutorial: Building and Monitoring Your Own Cryptocurrency Mining Farm

If you have not only been wanting to learn more about blockchain and cryptocurrencies but want to learn how to build your own cypto-mining rig to mine a cryptonote like Ether (Ethereum), then this detailed tutorial series is one you will want to check out. From sourcing the hardware and assembling a mining rig to installing the software and monitoring performance, each article provides a detailed look at every aspect of implementing your own crypto-mining farm.

This tutorial series written by David Sulpy covers:

Get Started

This tutorial is part of the series, “Learning How to Build Real IoT Applications” >>

2 comments On Tutorial: Building and Monitoring Your Own Cryptocurrency Mining Farm

  • Hi Jamie, I’m a bit hesitant to get into mining. Do you think it’s still good time to buy a bunch of gpus and start mining, due to the increase of difficulty in ether and bitcoin?

    Thanks,

    • Hi David, I can only recommend that you come to this conclusion on your own. GPU mining popularity has skyrocketed over the past few months; this can be measured in both the increased difficulty and decreased GPU supply. As with any mining venture, you should consider the capital costs of equipment as well as the operational costs of energy and time and get an accurate break-even estimation. I use Initial State to help me calculate these metrics myself as I discuss in my posts. In my opinion, if you can recoup costs in less than 7 months then it’s worth the effort. There are also ancillary benefits (and potentially costs) to mining as well like the “fun factor” or what you learn in the process. These are worth a lot to me. Bitcoin is not a feasible coin to mine with a GPU and I don’t recommend trying. However, there are many GPU-specific coins even if you’re not going to mine ether (which is eventually moving off of the Proof of Work mining algorithm anyway) like Monero, ZCash, Dash, etc. You may find this resource may help you with some basic calculations: https://www.cryptocompare.com/mining/calculator/eth. Good luck!

Leave a reply:

Your email address will not be published.

Site Footer

Initial State