There are a multitude of articles out there guiding you enough to help you build a cryptocurrency mining rig. But in this post I want to cover how a beginner in India can get his/her hands readily on a mining rig hardware in a matter of few clicks. I have just provided Flipkart links for each hardware needed for this project.
I want to be fair that this setup is good to begin with mining of Litecoin or any other Scrypt based coins, but for Bitcoin its not enough considering the present difficulty level and extreme ASIC miners. But don’t be discouraged!! You can always mine other alternative coins and trade them profitably for Bitcoins in virtual currency exchanges like Bter or Cryptsy.
You can find out out the difficulty level and profitability of various alternative coins here http://dustcoin.com/mining
After you go through this guide you can read this post to know how to setup your mining software.
I haven’t included a cabinet here. Most miners prefer setting up their mining rig in a milk basket, which is more economical and facilitates heat dissipation. You can come up with your own :)
Incase if you want more hashing power or if you want to tweak the budget you can compare the various mining hardware here https://litecoin.info/Mining_hardware_comparison
Now its up to you to play around with your hardware. Once you get the return from Investment you can reinvest to get more hashing power. So all the best miners!!!
I'd be more than glad to answer your queries. so please feel free to post them here.
I want to be fair that this setup is good to begin with mining of Litecoin or any other Scrypt based coins, but for Bitcoin its not enough considering the present difficulty level and extreme ASIC miners. But don’t be discouraged!! You can always mine other alternative coins and trade them profitably for Bitcoins in virtual currency exchanges like Bter or Cryptsy.
You can find out out the difficulty level and profitability of various alternative coins here http://dustcoin.com/mining
After you go through this guide you can read this post to know how to setup your mining software.
So whats our budget?
Configuration
|
Cost (Maximum)
|
Processing Power
|
I
|
Rs. 53,000
|
476 Khash/s
|
II
|
Rs. 60,000
|
730 Khash/s
|
- The only difference between the two configurations is the Graphics Card.
- In both of the configurations the motherboard has 3 slots for Graphics Card. So its future proof for scaling up to maximum 3 GPU with this setup.
What do we need now?
Hardware
|
Buy Online
|
Cost
|
GPU (Configuration I)
|
Rs. 18649
| |
GPU (Configuration II)
|
Rs. 25891
| |
Processor
|
Rs. 1940
| |
Motherboard
|
or
|
Rs. 8820
Rs. 9173
|
RAM
|
Rs. 2754
| |
Power Supply
|
Rs. 14850
| |
Hard Disk
|
or
|
Rs. 3077
Rs. 5471 |
PCI – E Riser Cable
| Micro SATA Cables - PCI-E Express 16 x Riser Cable (Amazon.in)
or
PCI-164-Pin PCI-E 16X Riser Card (Dx.com) |
Rs.1275
Rs. 469
|
I haven’t included a cabinet here. Most miners prefer setting up their mining rig in a milk basket, which is more economical and facilitates heat dissipation. You can come up with your own :)
Incase if you want more hashing power or if you want to tweak the budget you can compare the various mining hardware here https://litecoin.info/Mining_hardware_comparison
Now its up to you to play around with your hardware. Once you get the return from Investment you can reinvest to get more hashing power. So all the best miners!!!
I'd be more than glad to answer your queries. so please feel free to post them here.
Hope this post helped you to some extent to kick start your mining expedition. If you appreciate my effort you are free to be generous.
BTC : 1PGXWmomcG3dNMrt636UBR2s6SVHtS75U8
BQC : basZiqa7GNfHqWtyQSCyAVSoZ9EEC3EyNh
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