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  • Category: Hardware

    Hardware required to start GPU mining of Cryptocurrency


    Interested in mining cryptocurrency? Searching for specifications of the hardware for mining? Check out this page for advice from experts and resolve your queries.

    Bitcoin is the one which can be mine from open source code software. What is the basic requirement of hardware e.g. graphics card, memory card, motherboard, ram , etc. for this mining?

    What are the best available hardware available in market for better mining of cryptocurrency?
  • #148777
    In the initial stages, CPU was being used to mine the Cryptocurrency. But as it is not quick enough the users shifted to graphical processing units (GPU) in computer graphics cards. They hash data faster than CPU and power consumption is also less.
    In 2011, a customised equipment was invented which pushed the performance standards very high. These pieces of equipment are based on field programmable gate array (FPGA) processors. They were attached to computers using a USB connector. They are faster and power consumption is also very less than CPU or GPU.
    These days Application specific integrated circuits(ASIC) are being used, The speed of these ASICs are very high and power requirement is also very less when compared to the other alternatives mentioned above. There are many well-known industries are making these ASICs.
    Basing on the cost per hash and electrical requirements the following three hardware can be treated as the best available mining hardware.
    1. Antminer S7
    2. Antminer S9
    3, Avalon
    The full specifications and cost can be obtained from www.bitcoinmining.com. The material can be purchased on through amazon.com also

    drrao
    always confident

  • #148793
    Before proceeding with mining, do note that cryptocurrency is not legal in India. Don't be confused that it is illegal, it simply implies that cryptocurrency isn't legalized yet. But blockchain system is legal which is the backbone of cryptocurrency.

    Coming to hardware, there is no hard fast rule that a 'particular' set of hardware is better for mining. It all depends on your budget. If you understand some details of the mining procedure, then you will have a broader idea about which hardware configuration is suitable for you.

    The mining procedure is based on hash rate. Hash rate is the number of calculations that your hardware can perform every second. This is basically how your hardware tries to solve the mathematical problem in a given blockchain. It is calculated in megahashes (MH)/gigahashes (GH)/terahashes(TH). Your average computer can calculate these hashes but at a very low rate. You need to up your calculation using a good Graphics Processing Unit (GPU), Field Programmable Gate Array (FPGA) and Application Specific Integrated Circuits (ASIC).

    The two major players in GPU sales are ATI and NVIDIA. The higher the capacity of the GPU, the faster is the mining. But since there is an exponential increase in the competition of mining, GPU mining is outdated or used very rarely.

    Field Programmable Gate Array (FPGA) is nothing but customized integrated circuits that are designed for mining. The chips are brought in bulk and they are customized to do the mining process. Single customized FFGA has more processing speed than a single GPU and hence they are assembled in bulk together to produce higher calculation rates.

    Application Specific Integrated Circuits (ASIC) are designed solemnly to mine bitcoins. They have very high calculation rates (up to 2 terahashes per second, whereas a GPU/FFGA can calculate 500 - 1000 megahashes per second). They are also very low in power consumption but are expensive.

    With the above data, calculate your budget and get a good ASIC and download a good mining software. If you are mining for the first time, I would suggest you join a pool for mining instead of individual mining.

    For ASIC details and comparisons visit
    https://en.bitcoin.it/wiki/Mining_hardware_comparison

    Thank You
    Dr. V. Shashikanth


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