This guide is going to show you how to build an Ethereum Mining rig yourself which has two main steps - choosing and sourcing your equipment and then putting it together!Depending on times its probably going to take you a week or so to get all the pieces and then another half a day fiddling with configurations etc. Its the same as building your own computer normally but with a few extra considerations that mainly involve which GPU's you pick.If you don't want to buy mining equipment, You can also try buying a cloud mining contract with Hashflare or Genesis Mining.Your going to have to get hold of a fair few components and the costs stack up quite quickly: Another issue you can have with your graphics cards and your motherboard is that they just won't all fit in together nicely because of the spacing on the motherboard between the PCI Express slots.Fear not - you can use a GPU riser that is basically an extension cable for a PCI Express slot.Some graphics cards are really quite bulky so be careful when you are making your selection.

You can get a riser here.Alternatively you can source some of you components from gpuShack, on our second mining rig we are using the MOBO/CPU/RAM/SSD Bundle for 5 GPUs.Remember to use the promo code CRYPTOCOMPARE gets 5% discount off your purchase.99 dice bitcoinAs mentioned make sure your power supply unit can handle the Graphics cards and that you have risers capable of placing extra GPU's in a safe location.bitcoin office in nigeriaMake sure all the connections are in nicely and everything is held together firmly.ethereum public addressA word on positioning.bitcoin yachtGPU's can get hot - especially if you overclock them so be sure to get the best bang for your buck - and to be safe to place your rig in a well ventilated area so it doesn't overheat.bitcoin bitstamp

Once it switches on you need to make sure all the software is there for you to get it mining!The first thing you need to do is install an operating system on your computer.For the more technically minded there is linux Ubuntu but for the majority Windows is probably best as it automates installing drivers for your computer to talk correctly amongst all the components.ethereum pool mining 2017The advantage of Ubuntu is it gives you more options and its free!bitcoin poloniexYou can donwload EthOs which is a specifically designed APP for Ethereum Mining - you can read more about this here but its a great way of having a bespoke mining system for your rigs and GPU's to manage them!ethereum name regOnce you have installed the operating system there are two ways you can mine: If there are any questions on how to get your rig up and running - or any part of the process - just drop us a line at the bottom of the article - our resident mining guru will help you out.bitcoin exchange uk graph

You can also post in our Ether Forum and one of our community should be able to help you out!Also if we've got something wrong or it can be explained better let us know!Welcome :3333 with your user name and a dummy (x or 123) password.Or use a specific region: :3333 (United States) :3333 (United States) :3333 (Europe) A closer server can slightly reduce stale (rejected) work.A reject ratio around 0.10% is normal.Check live stats to see your reject ratio in the current shift.If you have firewall issues try port 443 instead of 3333.New users can mine with just the user name.That's because you start out with a worker that has the default setting enabled.To use a specific worker mine with your user name, an underscore, then a worker name, e.g.There is no password check.You can put X or 123 as password.Bitminter is a bitcoin mining pool that aims to make it easy for anyone to make bitcoins.Bitminter is one of the oldest pools.Since we opened in 2011 over 450 000 people have registered accounts with us.

We hope that you will join us too!What do I need?ASICs took over in 2013.Mining one bitcoin with just a PC now takes millions of years.You'll want a 1 TH/s or faster ASIC machine to start a small mining-at-home operation.Have a look at Antminer from Bitmain and AvalonMiner from Canaan.Used ASICs are available at ebay and similar places.Reward System Your work is recorded in shifts.When we create a new block you get a share of the income proportional to how much of the work in the last 10 completed shifts is yours.This reward system is known as PPLNS with shifts.99% of the mining income (including transaction fee income) is paid out to users.Donations are optional and will unlock various perks.Luis Buenaventure, co-founder of one of the best known bitcoin remittance companies in the space, , has published a on Medium claiming that the cryptographic currency does little to help cheapen remittances.Bitcoin remittances, better known as “rebittances” (a term Buenaventure claims to have popularized), allow customers to send cash to friends or family abroad.

Effectively, this means that only the rebittance service itself uses bitcoin, both the sending and receiving end of the transaction merely touch cash.Since it is cheaper to send bitcoin around the globe compared to fiat currency, companies such as Rebit.ph aim to compete with existing remittance giants like Western Union and MoneyGram.In his sobering blog post, however, Buenaventure severely nuances the advantages of using bitcoin in this manner.According to the Rebit.ph co-founder, who departed the company last August, bitcoin doesn't really enable cheaper remittance from a customers' point of view.This is because nearly all of the costs made by remittance (or rebittance) companies are in “the first and last miles” of the process anyway.In particular, it's converting digital money into physical cash, and distributing this cash to the different end-points to be picked up locally, that bears most of the cost.Buenaventure says it makes little difference whether the funds made it there as digital dollars or as digital bitcoin.

In the case of the Philippines, where Rebit.ph is most active, the end-points consist of local pawnshops that hold a firm grip over the national remittance market, Buenaventure explains: The pawnshops are the last mile , and no one, not even the banks, are close to touching their aggregate dominance.As such, they can charge whatever they want for their services, and the oligopolistic nature of the industry ensures that there is very little difference in price between one provider and another.The costs of a bitcoin-powered remittance and that of a transaction powered by MoneyGram or any other traditional provider are markedly similar, because the local currency needs to flow through the same physical channels.But using bitcoin instead of fiat currency behind the screens is not completely pointless, Buenaventure maintains.Most importantly, the flexibility of the cryptographic currency allows rebittance companies to set up shop with far fewer startup costs.Since SWIFT transfers are slow, competitors such as Western Union and MoneyGram need to hold plenty of fiat currency in reserve locally in order to keep up with demand.

The speed of bitcoin transfers, on the other hand, allows rebittance companies to get hold of local fiat currency much faster.Buenaventure explains: “This 'prefunding' strategy is the main thing that young bitcoin remittance startups are now able to circumvent.Instead of advancing $100,000 to each country that you want to do business in, you settle each transaction in real-time with bitcoin.From a cost perspective, it’s the difference between building a huge server farm versus pay-as-you-go hosting on Amazon AWS, and is a true game-changer.” Moreover, Buenaventure wraps up his blog post on an even more positive note.If it were possible to bring the costs of the last mile down, he argues, rebittance services would start to make a lot of sense.Buenaventure believes this cost could be brought down specifically if local currency systems advance from physical cash to digital currency, as this could cut local cash distribution offices out of the loop.While this is nowhere near reality in the Philippines and most other developing countries, it is not that far-fetched of an idea, as some Third World regions are already progressing in that direction.