Mining rigs come in all shapes and sizes.For the purpose of this guide, we will focus on building a very basic rig.This guide is intended to get you started and to assist in building your first rig.Once you know how to build one, you can grow your rig empire as big as you want.We will show you how to build your very first rig for under $1000.If you don’t want to invest any money in hardware and simply want to use your current computer to start mining, you can skip ahead to Part 2: Software Requirements.The first thing you need to know about mining, is that currently, mining power is processed using your graphic’s card (GPU).The days of mining with your CPU only are long gone.GPU offer a much faster way of solving the algorithms required to generate your coins.GPU’s should be your main focus when designing your rig.You can get a full list of the various GPU’s and their expected performances here: https://en.bitcoin.it/wiki/Mining_hardware_comparison or here: http://litecoin.info/Mining_Hardware_Comparison.

These are the most current and accurate listings for GPU hash rates.When you are mining, the same values that apply for Bitcoin mining will apply to any SHA-256 coin mining.vi tien bitcoinThe same is true for Litecoin and all other Scrypt based coins.vi tien bitcoinWe currently like the ATI HD 7950 card’s.system administrator bitcoin miningWe feel they currently offer the best bang for your buck if you are operating on a budget.bitcoin future mining calculatorOf course, you can always replace your graphics card for a better one in the future.bitcoin borsa fiyatı

Generally, there are only 3 things you want to worry about when building a mining rig.The rest of the hardware doesn’t really matter.bitcoin atm in hkBelow are the components we recommend for a basic rig.Feel free to swap out parts for better performing ones if you wish.This is just a basic outline of a generic budget rig.This rig will get you anywhere between 1000-1200 kh/s when mining Scrypt coins and 950-1150 MH/s when mining SHA-256 coins.Once you are done, the rig will look something like this: Now comes the fun part.Now that you have all your components, you can start setting everything up!Make sure to keep the manuals that came with the components in case you get stuck on a step.This is the part where you’re probably wondering why you didn’t get a monitor, keyboard, mouse or a CD drive.Basically, once you have everything setup, you won’t need them anymore.If you’re reading this and are interested in mining coins, you probably already have a computer in the house.

Simply take the monitor, keyboard and mouse and set it up on the rig temporarily so we can get things set up and configured.The next step is simply to power it up and install an Operating System on the machine.You can install Windows or Linux from a USB key or CD-Rom drive.(If you install from CD, simply take a CD-Rom drive from another computer temporarily to get through the installation).To install windows from a USB key, you can follow this guide.The rest of the guide will assume you are using Windows.So, now you’ve got your rig installed with an operating system.If you missed the Bitcoin Currency Of The Revolution, Or Tool For Online Vendors?The Many Faces Of Bitcoin [Feature] Currency Of The Revolution, Or Tool For Online Vendors?The Many Faces Of Bitcoin [Feature] It's become an annual event: the fall of Bitcoin.You've probably read about it multiple times, and maybe even believe that the online, decentralized currency is already gone forever.Created by a mysterious,... Read More mining craze and still want to get in on pick-axing a virtual currency, you’re in luck!

In 2011 Litecoin established itself as a major player within the world of electronic money, gaining prevalence when Mt.Gox announced plans to trade in it.The new currency operates on the same principles as other cryptographic coinage, where miners solve cryptographic puzzles and receive Litecoin when a “block” is solved.The big difference between Litecoin and Bitcoin lies in Litecon’s Scrypt-based design.Scrypt, unlike the underlying technology behind Bitcoin, provides several advantages: First, you don’t need a specialized ASIC miner to produce Litecoin.Second, it provides better security against attack.Additionally, Litecoin’s design pays out over four times as many coins as Bitcoin and its transactions are almost five times faster.Getting started with Litecoin is extremely easy.Simply install and run the Litecoin client, register with and configure a mining pool and then run your mining software.Whether or not you earn any actual money depends on three primary barriers: First, the places where Litecoin is accepted are quite few and your idea of profit may require that it gain wider acceptance.

Second, your hardware and power costs may not allow for profitable mining, depending on your region and component costs.Third, the price of Litecoin could plummet in the future which would make it not only a complete waste of your time, but also possibly a waste of hardware.In short, whether or not you make a profit depends on the future value of Litecoin and the wattage requirements of your system VS its ability to solve cryptographic puzzles.My mining rig couldn’t hit more than 175 KH/second due to an unknown configuration issue.This causes some disappointment, because properly configured my rig should hit about 250 KH/s.Its low-wattage requirements, at 200-250 watts at max draw, makes it fairly efficient for mining Litecoin.Advertisement You can find the hashrates of most CPUs and GPUs on this page.If you’re interesting in calculating your profitability, check out this page – the author does a complete return on investment (ROI) analysis, which the fastidious can apply to their own rigs.

Another handy tool to have is a mining calculator, which suggested either BBQCoin, Litecoin and Feathercoin as the most profitable cryptocoins for me to mine.I went with Litecoin because of its growth potential.Another handy article to read is Danny’s breakdown of the most efficient GPUs for mining Bitcoin How Can I Identify The Best GPUs For Bitcoin Mining?How Can I Identify The Best GPUs For Bitcoin Mining?Quite recently, I wrote an article revealing the disadvantages to Bitcoin mining.More precisely, a major disadvantage to the actual mining process is the cost vs.revenue battle, where you may be spending more money... Read More .Below is my Dual Graphics Radeon 6670 + A10-5800K miner rig: Litecoin developed as a potential successor to Bitcoin, soon after Bitcoin began its explosive rise in value in 2011.While it never matched Bitcoin’s popularity, it’s regarded as the silver to Bitcoin’s gold.As mentioned earlier, it uses the Scrypt hash function to create hashes, which means the ASIC miners that devastated GPU mining’s feasibility have not been developed for it.

That will not last, however, if Litecoin becomes popular.For most users, making money mining Litecoin requires joining a “mining pool”, which coordinates the hashing efforts of all the computers within the pool.There are various pay-out options for whenever a block is solved.Another key consideration is whether or not you plan on mining using your CPU or GPU.The software used in this article, GUIminer, only uses the GPU by default.However, many other kinds of software exist, such as CPUminer.It’s important to note, however, that GPU mining is far more efficient than CPU mining.There’s a huge variety of resources available for those considering Litecoin mining.It differs little from mining Bitcoin, in that you require the following three items: A client, which syncs your computer with the Litecoin network.The client is referred to as the “Wallet”.An account with a “mining pool”, which coordinates individual miners efforts toward solving a hash., which was extremely easy to get started with.

Mining software, which solves the cryptographic puzzles.I used GUIminer, on Danny Stieben’s recommendation.It has its quirks but overall simplifies the mining process.I highly recommend using Danny’s guide guiminer - An Extensive Tool For Bitcoin Mining guiminer - An Extensive Tool For Bitcoin Mining Read More .After acquiring those three items, start setting it up.It took me about 15 minutes to go from finishing the syncing process to mining Litecoin.Step 1: Setting up the Litecoin client: Setting up your Litecoin Wallet only requires that you download and install the client software.After installing, it will attempt to sync your Wallet to its network, which will take a few hours.After it syncs you can move onto the next step.The setup process is pretty straightforward.Sign up for an account and then add a machine to your account.Adding a “worker” requires that you input a password and your username, including the name of the machine.For example, if your user name with Coinotron is “papasmurf” and you designate your machine as “gargamel”, your machine’s username will be “papasmurf.gargamel”, which you will enter in GUIminer, later on.

Be aware that the screenshot below is a bit off — “papasmurf” is the username and “gargamel” is the name of the mining rig.The password can be anything you want it to be — just remember to record this password, because you will input it into GUIminer in the next step.Finally, hit the “add” button, which is located to the right.Also make sure the coin denomination is “LTC” and not “BTC”.Step 3: Run GUIminer: Running GUIminer may require that you add it to your list of excluded processes in whatever virus scanner you use.For example, in Microsoft Security Essentials, I just clicked on the settings tab and in the left pane went to “Excluded processes”.Don’t worry it’s not a virus.GUIminer isn’t an installed program.You actually have to locate it from within its unzipped and downloaded folder.After activating the program, you must enter in the following data, except input your username and password as indicated above: For example, if your username was “papasmurf” and your machine’s (or worker’s) name is “gargamel”, you would enter “papasmurf.gargamel”, without the quotation marks.