How much does it cost and what do I need to start crypto mining?

To mine cryptocurrencies, equipment armed with video cards with a series of components is required, which process mathematical calculations and work 24 hours a day, 365 days a year, connected to the Internet and constantly consuming electricity.

Before investing in graphics cards, you must take into account the following considerations:

  1. Hashrate (MH / s is the power per second with which we measure and compare one plate to another)
  2. Consumption (it is the amount of electrical energy that the plate consumes)
  3. Memory (cards should have at least 6 to 8 GB of storage and up)
  4. Cost and availability of plates

According to the specialized site guiahardware.es, the plates most used by miners are from the two most important brands:

NVIDIA

  • GeForce RTX 3070 8 GB
  • GeForce GTX 1660 súper 6 GB
  • GeForce RTX 3080 10 GB
  • GeForce RTX 3090 24 GB

AMD

  • Radeon RX 580 8 GB
  • Radeon RX 570 8 GB
  • Radeon RX 5700 XT 8 GB

Cryptomones Rig Armed.jpg

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In order to be plotted with real data, this is a rig assembled for a client this week:

2 BOARD MINING RIG NVIDIA 3080 RTX 10 GB

Cripto: ETHEREUM

Mining power: 190 to 200 MH / s

Power consumption: 460 watts

CABA energy cost: $ 3,000 (pesos)

Renta mensual : u$s400 a u$s430

Renta diaria: u$s13,33 a u$s14,33

Investment recovery: 15 to 18 months

It is worth clarifying that these values ​​vary according to the price of the cryptocurrency and the value of the graphic cards at the time of purchase. The rents were calculated with a price of Ethereum at $ 3,500 and are charged every month in dollars.

Once the device is finished, the miner takes it home, plugs it in anywhere in your home that has good ventilation, and is set up to start mining. These equipments are delivered turnkey, at a price of around u$s6.900. The advice for the assembly is free of charge and the after-sales technical service is provided free of charge during the first year.

Cryptocurrency App Monitoring Rig.jpg

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Finally, miners must download two apps on their cell phone to monitor rig activity and monthly rents. In one application you access all the information on the production of your rig and the other is the Binance wallet, which is international, and there you link your rig so that payments are automatically made. In this way, the miner monitors all the information in privacy and from his cell phone.

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