Cryptocurrencies like Bitcoin, Ethereum, and Litecoin are becoming more and more popular by the day. Whether it’s daytraders making money from buying and selling cryptocurrencies like company shares or technophiles supporting the technology that may soon come to change the world, everyone should be getting involved.
One area of cryptocurrency which a lot of people, both tech-savvy and not-so-tech-savvy, are getting into is cryptocurrency mining.
This is when you build a very powerful computer which can do millions of calculations, called hashes, per second. These computational and mathematical equations are what makes the wheel turn in the world of blockchain – the system that underpins all cryptocurrencies. Don’t fret if this is sounding very esoteric in nature, mining these coins does not have to be a headache if you know what is required.
With this in mind, let’s cover what you’re going to need to build a PC for mining cryptocurrencies.
Graphics Cards, Many of Them
GPUs are the muscle of any computer doing some heavy lifting, and if hardcore gaming is lifting a 10KG weight, then mining may as well be a 100KG weight. It is pretty taxing.
Fortunately, you can wire up 14+ GPUs in one system to mine cryptocurrencies at a staggering rate. Sure it doesn’t mean you’ll be rolling in cash within a day but it does mean potentially making some high passive income over time.
If you don’t know much about GPUs, how they work, or what models to buy, head on over to somewhere like Gung-ho! Gaming where they’ve already picked out some of the best cards for cryptocurrency mining.
A Large Motherboard with Many GPU Slots
Of course, to host all of these GPUs, you’re going to need a pretty nifty motherboard which can hold them all. You can imagine the frustration with spending thousands of pounds on 8 expensive graphics cards and then only being able to connect up 2 of them.
If you can find a motherboard which has space for at least 4 GPUs, then you’re well on your way to creating a rig which can mine cryptocurrencies well. You may want to aim higher though as 6 graphics cards working together to mine coins is quickly becoming the hobbyist standard.
A Strong Frame, Not a Case
Most PCs, be they for gaming or otherwise, will have a strong outer shell in the form of case or desktop tower. Usually, a system requires this to:
- Prevent internal parts from being damaged by the elements
- Stop dust and other materials from damaging or obstructing components
In the case of cryptocurrency mining rigs, you should almost never use a normal case or you may risk creating a fire hazard. This is because these rigs do create a lot of heat from working too hard and therefore they need as much ventilation as possible. Instead, get a good solid frame online, or build one yourself, that will hold all of our components together securely and keep them aired out well.
All the Other Stuff
Truth be told, the other common PC parts are not actually as critical working as part of a cryptocurrency mining machine. We do have some quick tips on these other parts though.
- Get a decent processor which is clocked to at least around 2.8Ghz.
- Get some good fans, plenty of them – even buy some external fans to point at your rig while it’s running!
- Make sure your wiring is as neat and secure as possible, you’d be surprised by how much wiring can affect heat output.
- Get at least 8GB of RAM – mining doesn’t use all that much RAM, but 8GB is quickly becoming the standard for any PC wishing to do something more than ordinary word processing or internet browsing.
We hope this helped you get into the basics of what is required if you’re trying to become a cryptocurrency mining. Good luck in mining your way into the riches that cryptocurrencies can bring! If you want to read further, you can find out more about mining cryptocurrency by clicking here.