PREFACE

Today, there is very much a digital gold rush where people can make a small profit by investing a few hundred dollars in equipment, and then spend months mining for digital coins before any return on their investment sets in

What is this Mining thing?

mining are all about solving mathematical problems, which in turn act as raffle tickets. Each problem solved is called a 'proof of work' result, and counts as one raffle ticket Every time a predetermined quantity of proof-of-work results is generated, the system draws a raffle number, and one proof-of-work result is awarded a block of new coin.

Every miner who contributed to solving that particular block will get some kind of proportionate share of the rewards [pool]


How Cryptocoin Mining Works then?

The whole focus of mining is to accomplish three things:

1.Provide bookkeeping services to the coin network. Mining is essentially 24/7 computer accounting called 'verifying transactions'.

2. Get paid a small reward for your accounting services by receiving fractions of coins every couple of days.

3. Keep your personal costs down, including electricity and hardware.


Is It Worth It to Mine?

This is really subjective.
Currently, the entry cost is expensive, and parts are scare.
If you already have the hardware, u can mine as a hobby for a small change. $1-2 dollars a day. Mine and keep.
If you have the dough, good, go for the best spec u can get, granted u can find those GPUs

Some argues that, if one's objective is to earn substantial money as a second income, then you are better off purchasing coins with cash instead of mining them.


OK sure, tell me what i need to do to mine?

1. Wallet - software. Can open exchange Wallet (not recommended) or download multiple wallets like Jaxx

2. mining software package, u have Minergate, CGminer, Claymore etc.

3. Account in mining pool, which is a community of miners who combine their computers to increase profitability and income stability.

4. Online currency exchange, where you can exchange your virtual coins for conventional cash, and vice versa. Example poloniex.com.

5. A reliable full time internet connection

6. A desktop or custom-built computer designed for mining, called Mining RIG. Yes, you may use your current computer to start, but you won't be able to use the computer while the miner is running. A separate dedicated computer is ideal. Tip: Do not use a laptop, gaming console or handheld device to mine. These devices are not effective enough to generate income.
The GPU will be the workhorse of providing the accounting services and mining work. Obvious choice is NVIDIA and AMD

7. A house fan to blow cool air across your mining computer. Mining generates substantial heat, and cooling the hardware is critical for your success.

8. Personal curiosity. You absolutely need a strong appetite for reading and constant learning, as there are ongoing technology changes and new techniques for optimizing coin mining results. The most successful coin miners spend hours every week studying the best ways to adjust and improve their coin mining performance.


MAIN SECTIONS

1. HARDWARE - rig, motherboard, GPU, PowerSupply, Overclocking, Wallet
2. SOFTWARE - Mining software, OS, BIOS Mod, Optimization, Wallet, ASIC Miner, CBU Miners
3. Database - Hashrate actual, Mining Pool



This post has been edited by zamans98: Jun 20 2017, 12:43 AM

Reserved

Reserved

Reserved

Reserved

wow, that is good. how much you paid?

that one is general. this we only talk about mining. hardware, software etc.

quick typo error. what i meant was GPU both NVIDIA and AMD
A walk today in LOWYAT shows no capable GPU at a good price range.
everything now pre-order. one shop ask me MOQ is 60 units. WHATT?

Who want to get 6x1080 for mining?

In Lelong, i called all of them. No stock, those are just click-bait to make u happy.

TopMaid don't have 1060,1070. Sold out (or being booked)
CZONE selling 3gb Model at inflated price.

MSI Armor 1060 6gb is excellent choice but price is 1450. It run 23 Mh/s ETH mining. +100 Core Clock, +800 Memory.
This baby having SAMSUNG memory, which are well known for OC friendly.

That's good earning.

Buy hardware wallet, keep it inside. Sell once it grew, else u die paying for transfer fees to exchange

saw it in Garage Zone, and also on Mudah.

AMD 470.480 sold out worldwide.

Get 1060 as 1070 is now being manipulated, as 1070 is the next best GPU on cost vs watt vs profitability.

did u managed to capture the ETH mining hashrate for this little Zotac? Non-modded, should run about 9MH/s?

yes, can get 23 stable. with lower power usage. Mine running 22-23 MH/s stable

good result. will collect this.
'
Zotac M 1060 only 13-14?

I can now confirm RX560 4gb Sapphire run 12Mh/s out of box

best overall still ETH, second is ZEC (if your babies is NVidia)

i have an old mobo.

running 2 RX560 and 1x GTX1060. Getting 45-47 Mh/s

have no meter, cannot tell. In Lazada, Power monitor is selling quite cheap, delivery is next 2 weeks.
based on software, the indicated power draw is 62W.

So, u setup 2 rigs, with 12 cards RX560 (4gb)

6*70W + others peripherals = ~500W

Cost is about 7000RM per rig. Total is 14K and u have 145MH/s stock, modded will gives u 168Mh/s

U can now laugh off to those greedy people selling rig with RX570/580 near 20K each... 1000W, Hashrate is 170 on average

Typo there, up to 6 risers...

Can we use 4 port USB out per Pci-e. That is a lot of GPU can be supported. Ensure PSU is good.

Nice. What make/model is that?