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.The same is true for Litecoin and all other Scrypt based coins.We currently like the ATI HD 7950 card’s.We feel they currently offer the best bang for your buck if you are operating on a budget.buy litecoin wikiOf course, you can always replace your graphics card for a better one in the future.bitcoin trojan macGenerally, there are only 3 things you want to worry about when building a mining rig.ethereum project ideasThe rest of the hardware doesn’t really matter.bitcoin povertyBelow are the components we recommend for a basic rig.bitcoins per paysafe

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.ethereum jumpNow 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.Based on shared data, this is the 12th overall best mining GPU and currently offers the 5th best kH/$ and 11th best kH/W ratio.Short Answer: You can mine or exchange for absolutely any cryptocurrency.Long Answer: There are two types of cryptocurrencies, based on two underlying algorithms.GPU's and the AMD Radeon HD 7770 are best at mining for Scrypt-based cryptocurrencies, so you should mine directly for Litecoin (LTC), Fastcoin (FST), Dogecoin (DOGE) -- or one of a ton of the profitable-to-mine altcoins such as Lottocoin (LOTO), Globalcoin (GLC), Tagcoin (TAG), Luckycoin (LKY), Diamond Coin (DMD), Galaxy Coin (GLX), Stablecoin (SBC), Worldcoin (WDC), CHNCoin (CNC), Goldcoin (GLD), Digitalcoin (DGC), Anoncoin (ANC), BBQCoin (BQC), Bottlecaps (CAP), Phoenixcoin (PXC), Neocoin (NEC), Grandcoin (GDC), Netcoin (NET), Megacoin (MEC), Emerald (EMD), Cosmocoin (CMC), Mincoin (MNC), Franko (FRK), Feathercoin (FTC), Casinocoin (CSC), Bitbar (BTB), HoboNickels (HBN), Mooncoin (MOON), Novacoin (NVC), Litecoin (LTC), Catcoin (CAT), Philosopherstone (PHS), Noirbits (NRB), Cinnamoncoin (CIN), CryptogenicBullion (CGB), Alphacoin (ALF), Earthcoin (EAC), Spots (SPT), and ExtremeCoin (EXC).

GPU's and the AMD Radeon HD 7770 can also mine SHA-256 based coins, such as Bitcoin (BTC) (the most famous), Peercoin (PPC), and Namecoin (NMC); however, it's usually not profitable to do so.The reason is that you'll have higher electricity costs than everyone else and won't be able to make a profit.Unless you don't pay for your own electricity - then you can still make a profit!You'll still be heavily outgunned if you're mining SHA-256 currencies with only a GPU though.Thus, if you do want to mine Bitcoin, Peercoin, Namecoin, Terracoin, or other SHA-256 based cryptocurrencies, you should use an ASIC Miner.These types of miners don't use a graphics card.Instead, they use a specially-designed circuit.They're far more power efficient.And also offer you far more bang for your buck.For example, this rig mines at between 30 and 38 Gh/sec -- well beyond the maximum hash rate you will see from any GPU currently on the market -- yet at a comparable price.I personally mine scrypt-based currencies (quite often Dogecoin) using GPU's only.

Then I convert my Dogecoin into Bitcoin if I want Bitcoin.The sky is the limit, subject only to how much you pay for electricity and your cash on hand.A huge number of currencies can be mined profitably right now.So the more GPU's you buy, the more you can make each day.This is the best article I found.It's also how I built my first mining rig.The Litecoinmining Subreddit is also a great place to check out regularly.AMD R9 290X (880 kH) AMD R9 290 (817 kH) AMD R9 280X (732 kH) AMD Radeon HD 7970 (710 kH) AMD Radeon HD 7950 (670 kH) AMD R9 270X (470 kH) AMD R9 270 (445 kH) AMD R7 265 (440 kH) AMD Radeon HD 7870 (385 kH) - $395 AMD Radeon HD 7850 (372 kH) Nvidia GTX 750 Ti (295 kH) - $130 AMD Radeon HD 7790 (243 kH) AMD Radeon HD 7770 (185 kH) Nvidia GTX 750 Ti (62W) - $130 AMD Radeon HD 7790 (84W) AMD Radeon HD 7850 (122W) AMD R9 270 (140W) AMD R7 265 (150W) AMD R9 270X (185W) AMD Radeon HD 7770 (185W) AMD Radeon HD 7950 (240W) AMD Radeon HD 7970 (270W) AMD R9 280X (290W) AMD R9 290 (300W) AMD R9 290X (312W) AMD Radeon HD 7870 (385W) - $395 Nvidia GTX 750 Ti (4.7) - $130 AMD R9 270 (3.2) AMD Radeon HD 7850 (3.0) AMD R7 265 (2.9) AMD Radeon HD 7790 (2.9) AMD R9 290X (2.8) AMD Radeon HD 7950 (2.8) AMD R9 290 (2.7) AMD Radeon HD 7970 (2.6) AMD R9 270X (2.5) AMD R9 280X (2.5) AMD Radeon HD 7770 (1.0) AMD Radeon HD 7870 (1.0) - $395 Nvidia GTX 750 Ti (2.3) - $130 AMD Radeon HD 7870 (1.0) - $395 AMD Radeon HD 7970 (0.0) AMD R9 290X (0.0) AMD R9 270X (0.0) AMD Radeon HD 7770 (0.0) AMD Radeon HD 7790 (0.0) AMD R9 280X (0.0) AMD R7 265 (0.0) AMD R9 270 (0.0) AMD Radeon HD 7850 (0.0) AMD Radeon HD 7950 (0.0) AMD R9 290 (0.0)