More and more users are connecting to cryptocurrency mining. Taking into account the rise in prices for digital money, the issue of the efficiency of their production becomes urgent for many. To determine earnings from mining cryptocurrencies, factors influencing the receipt of income, their interdependence and the requirements for mining digital money are identified.

What does daily earnings from mining depend on?

Earnings from cryptocurrency mining depend on the following: factors:

• production capacity – the number of video cards connected to production directly affects the income received;
• exchange rate of the mined cryptocurrency - if the mined coins are not enough to cover electricity costs and make a profit at the current rate, there is no need to talk about earnings;
• relevance – a high exchange rate usually generates a rush in cryptocurrency mining; the inclusion of new users in mining increases the complexity of the algorithm and reduces production;
• electricity – its high cost neutralizes income.

The technical training of the user also plays a certain role in making money from cryptocurrency mining. Overclocking video cards, flashing the BIOS, configuring hardware, tracking problems and fixing them - all this requires knowledge and skills. Each downtime negatively affects the efficiency of earnings, and therefore monitoring of the performance of the system should also be included in the risk factors.

How much can you earn from mining on 1 video card?

Mining on one video card allows you to earn cryptocurrency without investment. This method is relevant if you have a gaming computer with a powerful graphics processor. Mining the main cryptocurrencies - Bitcoin, Litecoin, Ether - on one video card is ineffective.

To make money on a home computer with one video card, they are included in the mining of new cryptocurrencies. The algorithm is simple - the fewer users mine digital money, the greater the income for the miner. To do this, follow a certain procedure:

• receive information about the cryptocurrency - its mining algorithm, the principle of block formation, relevance for users, prospects for growth in value;
• download the appropriate software posted on the official resources of the developer;
• over a certain period, tokens of a new cryptocurrency are mined - usually a couple of months, until a large number of users join the process, reducing the efficiency of mining on 1 video card;
• switch to a new cryptocurrency.

To receive income from digital money earned, their exchange rate is monitored. Sometimes it is worth keeping the mined tokens for several months in order to exchange them for a higher price. During this time, other cryptocurrencies are mined, securing investments in several directions at once.

Determining the amount of earnings in this situation is not easy. Certain cryptocurrencies may disappear or fail to rise in value. Others will increase in cost tenfold. However, taking into account the fact that such mining is carried out without investments, any earnings will actually become pure profit.

On 2 video cards?

Earning money from mining with two video cards is not much more profitable than one. However, with powerful GPUs specially designed for cryptocurrency mining, as well as low electricity prices, you can mine Ether (Ethereum) and ZCASH (ZEC).

For broadcasting, the best option would be AMD video cards from 3 GB; there are also requirements for RAM – from 4 GB. For ZCASH mining, a 1 GB GPU is enough, the latest Nvidia models are the priority.

Taking into account the increased relevance of these cryptocurrencies, earnings on 2 video cards will be 1-2 dollars per day. For more accurate forecasts, turn to online calculators, for example, WhatToMine. This service allows, based on the entered characteristics, to identify with a certain accuracy earnings on selected video cards, taking into account the current exchange rate.

How much does a mining farm bring in per month?

Organizing a mining farm requires certain investments - for effective earnings, the cost starts from a thousand dollars. You can put together a small farm of 500, but this is no longer relevant for generating large income.

There is an opinion that the most promising assembly is for 4 video cards. Such a farm does not require large expenses, is easy to maintain, and can be placed in residential premises, although their heating will still be strong.

Connecting more GPUs comes with certain inconveniences - it is more difficult to configure the equipment and identify problems. There is also a need for additional cooling - a fan or air conditioner.

Assembling a farm for 6-8 video cards gives on air up to $20 per day. Taking into account electricity costs, the monthly earnings of such mining is up to 25 thousand rubles. However, these figures are arbitrary - it all depends on the exchange rate, as well as the complexity of the decryption algorithm.

Many miners are already declaring that there is no profit in ether mining. The return on investment is up to 5 months, during which time the network capacity increases, which reduces the farm’s earnings. As a result, having barely recouped the costs, the miner has to upgrade the equipment, switch to another cryptocurrency, or receive little income.

Earnings from mining per month

Monthly earnings in mining ultimately depend on the chosen equipment, cryptocurrency and its exchange rate. Taking into account the sharp jumps in value, even a small profit can provide a good monthly income. However, if the exchange rate goes into correction, earnings from mining on video cards will barely cover electricity costs.

The extraction of digital money, already established on exchanges, allows for less and less opportunities to earn money. It is no longer profitable to mine bitcoins and litecoins due to ASIC devices; ether is still in question - it all depends on the power of video cards and its exchange rate.

Individual mining is gradually moving to new cryptocurrencies. Their monthly income is low - up to 10 thousand rubles with a good exchange rate. However, they can be exchanged for bitcoins and ether - that is, you can invest the mined digital money in the most promising cryptocurrency. In this situation, earnings are focused on the growth of its value.

Just a few years ago, at the dawn of the emergence of Bitcoin, Ethereum and other cryptocurrencies, the topic of mining was of interest only to a narrow circle of people. The cost of coins and the profitability of their mining were too low for anyone to be interested in making money from mining as a serious source of income. Enthusiasts participated in blockchain networks not for profit, but rather for educational purposes. There was no talk of making serious money from mining.

But soon the security and anonymity of cryptocurrency payments were able to interest sellers and buyers. The number of transactions and demand for coins began to increase. As a result, speculators and investors paid attention to the market, which further stimulated the growth of the rate.

Is it profitable to mine?

There are three ways to get crypto coins for investing in cryptocurrency or paying for goods and services on the Internet:

• purchasing electronic coins on crypto exchanges or exchange sites for real money;
• selling your own services or goods for bitcoins;
• mining.

The first two points are clear, but the third deserves a detailed explanation.

Bitcoin and similar virtual currency units operate on the blockchain (an open ledger of transactions). It is stored on many computers of system participants. To protect against third-party interference, transaction blocks have signatures (hashes) that take into account the hash of the previous block, information about the current record, and other data. The calculation is based on a complex cryptographic algorithm and requires a lot of computing power. It is the complexity of the calculations that guarantees the security of the blockchain.

However, the servers on which the registry is stored are not able to independently cope with crypto algorithms. Therefore, hashes are calculated in the manner of participants in the system using their own computers to calculate hashes. For this they are awarded a reward from coins issued by the system.

The greater the hashrate (computing power) of the company, the more crypto coins the miner will receive. The answer to the question whether mining is profitable or not depends on the price and quantity of mined coins and energy costs. To accurately determine how profitable mining is, it is necessary to take into account many factors.

How to calculate profitability

The profitability of mining, in addition to the price of equipment and energy consumption, depends on many other variables. They are used in online mining calculators to calculate the profitability of cryptocurrency mining and the payback period of the farm.

• Bitcoins per block (bitcoins per block) - the amount of reward to miners for closing the next block of transactions. In 2018, this figure for Bitcoin is 12.5 coins. For other cryptocurrencies, the corresponding units are used (ether, monero and others). Most algorithms provide for a gradual reduction in rewards. for example, from 2020, 6.25 BTC will be awarded for a Bitcoin hash.
• Difficulty (difficulty of mining) is an indicator that depends on the total computing power of the network. The more miners work in it, the higher the competition and the more difficult it is to get a reward.
• Hashrate (hashing power or hashrate) is the speed with which a computing device is able to select options for signing data blocks. The profitability of cryptocurrency mining directly depends on this indicator. This indicator is measured in hashes per second (H/s). But in practice, performance is indicated in megahashes (MH/s), gigahashes (GH/s) or terahashes (TH/s). The latter unit of measurement is used to estimate the power of large farms of dozens of video cards or application-specific integrated circuits (ASICs).
• Electricity Rate - electricity consumption has to be paid. The higher the tariff, the lower the profitability.
• Power Consumption - The more electricity the farm consumes, the lower the profit. Consumption depends on the hashrate and energy efficiency of the equipment. For example, it is now unprofitable to mine top currencies such as Bitcoin or Ethereum on processors. The energy efficiency of the CPU does not allow you to earn enough to pay for electricity.
• Pool fees - the percentage of the reward that the mining pool keeps for itself. Due to the high complexity of mining, high mining profitability can only be achieved through distributed hash calculations by a group of computers. They are coordinated through a resource (pool), the owners of which receive their share of the profit in the form of a commission.
• Time Frame - the longer you mine, the more income it will bring.
• Profitability decline per year (decrease in profitability during the year) is the only factor that is difficult to predict. It depends on the dynamics of the number of miners in the network throughout the year.

Select a cryptocurrency to calculate your production: Bitcoin Bitcoin Cash Dash Ethereum Ethereum Classic Litecoin Monero ZCash

Based on the listed data, the online calculator calculates the payback of a mining farm and the profit received per day, week, month or year. Based on this data, you can determine whether it is worth mining cryptocurrency on your existing equipment.

Options for making money from mining

Potential profitability depends on the power of the equipment used and the target cryptocurrency. The high rate stimulates the activity of users who are actively buying video cards and ASICs to make money from mining. Small home farms with a capacity of 1-2 kW, as well as large factories, have appeared, the capacity of which would be the envy of most data centers.

A small farm with 4-6 powerful video cards, at the current ether exchange rate, brings in about 30 thousand rubles per month, excluding electricity costs. For such a mining farm, the payback period is about 8-10 months. This figure is much higher than most other types of business available. It is worth considering that at the peak of the “market takeoff”, at the end of 2017 and beginning of 2018, the payback from scratch was 4-5 months. And today the market is demonstrating a new confident growth trend.

Mining methods also affect how many coins you can earn. There are two methods of extraction:

• earning money on your own farm;
• cloud mining on rented equipment.

In the first case, you need to spend money on your own equipment and ensure its continuous operation in the pool. In the second, pay for renting capacity from the owner of the service, who will transfer you the coins earned on the equipment.

Daily earnings from mining

A cheap mining rig with an AMD video card, the payback of which is about 8 months, allows you to mine about $100 worth of ether at the current rate. Thus, the daily earnings will be 3 dollars.

By connecting an additional video card, you can increase your income without the cost of purchasing a system unit. To do this, you need to have a motherboard with several PCI-E ports and a sufficiently powerful power supply (or several low-power power supplies). One farm of 6 cards will bring more than $15 in net profit (less electricity costs) per day.

The income from a powerful ASIC when mining bitcoins on it is approximately the same. However, the cost of purchasing it is lower.

The problem is that ASIC is a highly specialized device and cannot be used for any computing tasks other than calculating hashes using the algorithm provided by the manufacturer. Therefore, it cannot be redirected to another cryptocurrency or to another useful activity. Accordingly, if the complexity of the network changes and profitability drops, it will only remain as a memory. You won’t even be able to mine ether instead of bitcoins.

Mining on cloud services

The principle of cloud mining is simple: instead of buying expensive equipment, the client rents power that is used to mine coins. These services are usually provided by ASIC and video card manufacturers. For the use of computing power and payment for energy supply, a fee is charged in accordance with the established tariff. In theory, cloud mining is beneficial for both parties. Advantages for the tenant in the absence of risky investments in the purchase of computer equipment, which may turn out to be unnecessary due to an increase in the complexity of production or changes in the exchange rate. The lessor's facilities are not idle and he has the opportunity to place them in a data center in countries with the lowest electricity prices.

It is not easy to answer the question whether cloud mining is beneficial for both parties and whether it is really possible to make money on it. Such services are often disguised as fraudulent resources that allegedly collect rent and then disappear without a trace. The situation is aggravated by the fact that standard hashrate rental rates do not provide for cheap short-term contracts. Therefore, the tenant has something to risk.

In addition, if the landlord's equipment is highly profitable, it makes no sense for him to share part of the profit with the tenant. It’s easier to earn crypto yourself. That’s why cloud-based cryptocurrency earnings so often turn out to be an ordinary scam.

Features of creating a farm

Creating your own farm is the most profitable, but also risky way to invest in mining. To make money on mining you will have to spend money on buying equipment. Its payback depends on how powerful the mining farm is. Outdated equipment is characterized by low energy efficiency and its owner risks paying all the income from production for the electricity used.

A budget option with one video card will cost about $600. However, to increase the efficiency of investments, it is better to buy a farm with 4-6 video cards connected to one system unit. The profitability of such a solution is much higher. Or get a high-performance Bitcoin ASIC for $2000.

The maximum price of equipment is practically unlimited. There are gigantic “bitcoin plantations” operating in China, the value of which amounts to millions of dollars.

Is it really that profitable?

Investors who are going to invest in crypto are attracted by the benefits of business. However, before you make money using a GPU or ASIC, you need to calculate your expected profit taking into account electricity costs. A farm made from old video cards or processors (especially!) is characterized by low energy efficiency. The hashrate of the equipment does not cover the energy consumption.

So, in order to make money on ether, you should not use GPUs of previous generations. Even if their profitability currently exceeds their energy costs, if the exchange rate falls or the complexity of the network increases, they can incur significant losses. And in the 8-10 months that are needed for video cards to pay for themselves, anything can change.

Therefore, it’s not even worth buying cards older than GTX 1060. The purchase will take too long to pay off. It makes sense to use them only if they were purchased previously.

Is it worth starting

If you have a sufficiently powerful video card, then definitely start mining ether. Even if its hashrate is not enough to make a lot of money, you will gain invaluable experience in setting up a farm. In the future, knowledge of how to make money on the blockchain will help you when launching a powerful farm.

Those who have free money are wondering whether it is worth getting involved in crypto mining now. Definitely worth it. You only need to invest in equipment that has a reserve of performance and energy efficiency. For bitcoins this is Antminer S9, for ether - video cards no weaker than RX580. Otherwise, it’s better to try to make money by trading on the stock exchange or make long-term investments in BTC in anticipation of the next price rise.

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Most network users first heard about mining (cryptocurrency extraction) quite recently – in the second half of 2015. It was then that this issue began to be covered in online publications, investment portals gave the first forecasts regarding Bitcoin. And already in 2017, interest in this type of earnings reached its peak: the top search engines were filled with queries “how to make money from mining?”, and GPUs and video cards practically disappeared from sale in Moscow stores.

Sellers explain such a sharp surge in demand for equipment by significant fluctuations in the exchange rate of popular digital currencies and, as a result, increased interest in mining. Thus, by the summer of this year, the BTC rate for the first time rose to $3 thousand, and the ether rate to $375. Let's look at how mining works technically, is it possible to make money on it and, if so, how much?

Farm instead of a regular computer

Let's try to divide this question into two sub-questions:

• how much can you earn from mining with a regular computer by investing up to 60 thousand rubles. to the "farm";
• how much you can earn by investing about 180-200 thousand rubles. in scarce equipment (processors, video cards).

In order not to inspire vain hopes, let’s say right away: in the current conditions, it is no longer realistic to mine cryptocurrency on a simple home computer; it will be a waste of effort and electricity. You may be able to make a small profit on some newly created currency while the process of mining it remains relatively easy. Further, cryptographic encryption, on which the movement of virtual coins is based, will become more complicated and will take users with home computers out of the game, just as miners of bitcoins, ether, litecoins and other popular currencies were previously taken out.

Why are specific amounts of mining profitability so rarely announced? Because here everything depends on the power of the equipment and the extraction method, and they can be very different. As an example, let's look at how much and how you can earn on the Nvidia Ge Force farm.

The monthly profit from mining on a GTX TI 1060-1070 with 6-10 video cards ranges from $700 to $900, and the payback period does not exceed 2-3 months. True, about 33-35% of electricity costs should still be deducted from this amount. Thus, the purchase of such equipment worth 200 thousand rubles. will fully pay for itself no later than four months, depending on the intensity of use and virtual currency.

More expensive farms and video cards pay for themselves in almost the same time. TITAN class cards are 2-3 times faster in performance than the GTX 1060 TI, but return the investment in the same 3.5-4 months, since they themselves are more expensive.

As can be seen from the above, the profitability of solo mining with your own farm depends mainly on computing power. The larger the investment, the greater the dividends. Daily profitability of farms worth up to 250 thousand rubles. is $15-30, at the same time farms cost 500 thousand rubles. and above during normal operation they can mine up to $50-70 daily.

Cloud mining

This term does not mean a type of income, but rather a tool for investing funds. All a novice crypto miner needs to do is register on one of the cloud services, invest money and, after a certain period, receive a profit in digital currency.

The way cloud portals work is as follows: the company buys and configures equipment, provides the required amount of electricity, and then rents out its capacity. It turns out collective mining on rental equipment. This organization of work relieves the miner of all technical issues, the solution of which is the competence of the company’s specialists. Tariffs and profitability are different, and the larger the investment, the higher the profit.

The average profitability of cloud mining is 1 percent daily of the invested funds, therefore, net profit will begin to flow within 100 days. True, the percentage of profitability will begin to decrease after this. The most popular services with cloud power today are Hash Flare, Genesis, Nice Hash.

Helpful advice: if you plan to make money from cloud mining, monitor changes in the ruble-dollar exchange rate. The higher the Russian currency exchange rate, the more capacity can be purchased for the same money.

Mining in pools

A pool is a community of miners working together to increase their total power. Such teams can unite people who do not have the equipment for solo mining. One of the most famous and convenient pools, MinerGate, supports Bitcoin, Litecoin, Bitcoin Cash, Ether and several other types of digital currency.

Trying your hand first in a pool, assessing your capabilities, and then boldly going on a solo voyage is an excellent solution for beginners. In theory, to join the community you don’t need anything more than a home computer and Internet access. With such technical equipment, you can, of course, gain some experience in mining, but, most likely, all your earnings will be “eaten up” by electricity. The reason for this is lack of power. To earn real coins, you will need to upgrade your computer for mining, namely: install video cards; increase the power of the power supply; establish cooling; adjust energy consumption.

How much can you earn from pool mining per day?

Here everything depends only on the quality of the equipment. The fact is that even in pools, the power of a video card remains the only source of income, despite the existing myth about the synergy of the combined power of miners. Accordingly, in pools you will not be able to earn as much as in solo mining, because ordinary PCs cannot compete in power with farms equipped with special equipment. The payback time for funds spent on video cards (minus electricity costs) is about six months of round-the-clock mining.

Mining with a processor and video cards: which is more profitable?

The difference in income level when mining with a processor and a video card is obvious. If the maximum earnings on an i7 are no more than $0.1 per day, then a typical average-power GTX 1060 TI video card will bring its owner 20 times the amount ($2 per working day). With a good 1080TI video card, you can get five times more than with a powerful gaming laptop of the latest generation, which costs from 50 thousand rubles. and higher

How to choose a cryptocurrency?

Choosing the right cryptocurrency is another important component of success. Equipping your small farm and trying to mine bitcoins on it means dooming yourself to failure in advance. Maybe you can earn a small commission for completing transactions, that's all. Unlike popular virtual currencies, new ones (which appeared after the ICO) are not so demanding in terms of power. But can their popularity be predicted in the future? The question remains open.

The conclusion from the above is simple: you can make money on weak equipment only by mining lesser-known cryptocurrencies. Today, Leather coins are one of the most promising, as long as they can be mined even on an ordinary high-power computer.

How much can you earn from mining per day: profitability in numbers

The profitability of cryptocurrency mining is influenced by many factors: from the market value of virtual banknotes and equipment power to the number of miners, and all these positions change every second. Therefore, it is not possible to make accurate calculations. Below we present average What to Mine data at the end of 2017, as well as some forecasts for the near future.

Bitcoin (on ASIC). According to forecasts, earnings on the most popular cryptocurrency will gradually decrease and will soon amount to 12.6 dollars. per day (minus electricity costs - 9.3 dollars). With such income, the cost of building a farm will pay off in about 250 days, the net annual profit will be 900 dollars. or more than 53 thousand rubles.

Ether (on GPU). Income per day – 24.4, net profit – $23.1. The cost of the farm pays off much faster - in 140 days, the annual profit is about 5,240 dollars. or 315 thousand rubles.

Litecoin (on ASIC). Profitability per day is 12.4 dollars, net profit minus electricity costs is 9.2 dollars. With such indicators, investments in the farm will pay off in 190 days, the profit for the year will be 1,547 dollars. or more than 91 thousand rubles.

Expanse (on GPU). Profitability per bitch - 23.5 dollars, net profit per day - 22.2 dollars, payback of equipment - 145 days, annual profit - 4,910 dollars. or more than 291 thousand rubles.

Ether Classic (on GPU). The average income per day is 22.8 dollars, net profit is 21.5 dollars. Payback period for the farm is 150 days, annual income is $4,660. or over 267 thousand rubles.

Hush (on GPU). Profit per day - 25.2, net profit - 23.9 dollars, farm payback - about 130 days, annual profit 5,527 dollars. or over 328 thousand rubles.

Z-cache (on GPU). Income per day – 24.6 dollars. net profit -23.3 dollars, farm payback - 140 days, annual income - 5,304 dollars. or about 314 thousand rubles.

Sibcoin (on GPU). Income per day - 22.6 dollars, net profit per day - 21.3 dollars, payback of the farm - 151 days, annual income - 4,574, which is equal to 271 thousand rubles.

Zencash (on GPU). Income per day - 23.3 dollars, net profit - 22 dollars, payback of the farm - about 150 days, annual profit - 4,819, which is equal to 285 thousand rubles.

Tinkoff Bank: - 15,430 rubles. in a year.

"LocoBank", deposit "Income Strategy" - 19,250 rubles. in 400 days.

"Promsvyazbank", deposit "Interest in growth" - 17,800 rubles. in 450 days. "Rosselkhozbank", deposit "Investment" - 17,520 rubles. in 395 days.

Trust", deposit "Optimal" - 16,460 rubles. in a year.

The popularity of mining as a type of income today is growing day by day, because daily profits range from 15 dollars. and higher with a relatively small investment (200 thousand) is a very good investment. As of the end of 2017, mining is included in the global TOP 10 in terms of investment attractiveness. And if you consider that the cryptocurrency itself is constantly rising in price, mining it becomes doubly profitable.

Summarizing what has been written

In conclusion, a small life hack especially for those who are not ready to invest a significant amount in equipment: wait until 2018. According to forecasts, the rush demand for video cards is expected to drop soon, since manufacturing companies have already managed to make changes to programs and are actively increasing production. Already next year, the shelves will be filled again, and prices will drop to the level at which they were before the start of the mining era. At the same time, interest in cryptocurrency will only increase, and earnings will at least remain at the same level.

Today in our country there are only a few dozen professional miners who earn substantial money from this. The overwhelming majority of ordinary “miners” remain at the level of amateurs, since they do not set themselves any far-reaching goals other than to quickly “get cash” and then resell the equipment to newcomers. And those few who are not used to stopping halfway have every chance to succeed and make crypto mining a solid source of permanent income. After all, each of the top miners was also once a beginner.

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Cryptocurrency is now at the peak of popularity, although people learned about it only recently, but despite this, it has already become successful. And this is not surprising, because you can make money with it. Cryptocurrency is now a very popular and in-demand type of income. But not everyone knows how to make money here and what is needed for this. One of the possible earnings is a mining farm. At first glance, it seems that this is very difficult, but in fact, it is not. You just need to figure out exactly how this system works. Let's talk in more detail about this type of earnings, as well as how much you can earn on a mining farm.

Mining farm, how you can make money.

Many people are sure that making money using cryptocurrency is very difficult and requires certain knowledge and skills. Of course, no one is saying that everyone can make money on cryptocurrency; this requires certain knowledge, but figuring it out is not so difficult. Let's take a closer look, how to make money using a mining farm.

• So, to make money using a mining farm you need standard computer– this is the first condition that is required to make money. Without a computer, you won't be able to make money.
• Secondly, you need special video cards that will be connected to the computer. You will need at least 4 video cards, there may be more.
• Also, you need a special program with which cryptocurrency works, this program is called mining, it allows you to earn money in a mining farm.

There are a large number of special video cards, in order to make money using a mining farm, I would like to note that you need to approach their choice very carefully. These must be reliable cards, from a trusted manufacturer, only in this case can you be sure that the cards will last a long time. Therefore, in this particular case, you should not save on video cards, and it is better to purchase proven options.

Also, I would like to note that there is special, which is great for making money on a mining farm. Of course, its price is several times more expensive than a standard PC, but you can also earn more on it. I would like to note that such equipment is worth buying for those who understand this type of income. And for beginners, a simpler option with video cards is suitable. It is both more budget-friendly and easier to understand. Therefore, first of all, you need to understand what type of equipment is closer to you, because this is where your earnings begin.

What is needed to make money on a mining farm?

If you are planning to seriously engage in cryptocurrency and start making money using a mining farm, then you need to be very careful in choosing the equipment that you need to make money. It must be of excellent quality. Let's take a closer look at what you need to pay attention to

1. So, Firstly, it's your computer, or to be more precise, we are talking about a system unit, it should be quite powerful, because it is to it that the mining farm will be connected. Therefore, if your system unit is not powerful enough, then you need to purchase another one, since this point is really very important.
2. Further, you need to purchase high-quality and reliable video cards. The choice of video cards is indeed a very important point. It is necessary to choose cards with cooling so that they do not overheat during operation; their performance, as well as how long these cards will serve you, directly depends on this. Also, when choosing a card, you need to pay attention to its memory, and the more memory the video card has, the better.
3. Required design on which the mining farm will be assembled. This design can be purchased on Avito, there are many different options available there, and the cost is quite affordable. If you buy a design on Avito, you will pay about 2 thousand rubles for it. This is quite acceptable and budget-friendly.
4. Also, it is necessary that you have installed on your computer Windows. Preferably the latest version.

It is also worth noting that you can purchase professional equipment, which is designed specifically for making money using cryptocurrency.
So, this is exactly what you will need in order to start making money using a mining farm.

How much can you earn with a mining farm?

So how much can you really earn on a mining farm? In fact, this is the most popular question, and this is not surprising, because users are interested in whether it is really possible to make money using this method, and whether it is worth it. Therefore, let’s talk in more detail about how much money you can earn in 2019 per day, per month.

Before talking about specific earnings through mining, I would like to note that earnings can be different, and this depends on many factors. Some people end up earning more, others less. Therefore, there is no specific amount here, but take a closer look at the average parameters to have a general idea of ​​how much you can earn with cryptocurrency at the moment.

First of all, I would like to note that earnings directly depends on the equipment which you are using. As mentioned above, it is best to use equipment for these purposes Asic, since it is ideal for making money using a mining farm. But not everyone has the opportunity to purchase this type of equipment. And it’s extremely difficult to find it on the market now; enterprising miners have already taken care of this.

In general, you can earn from 30 to 80 thousand per month using conventional equipment, and from 100 thousand per month if you buy Asic equipment.

Yes, the difference is really noticeable, so it’s best to purchase professional equipment, because with it you can actually earn more.
Many people are interested in the question of how much you can earn per day using a mining farm. Here again, it all depends on personal characteristics and, of course, equipment. But approximately, you can earn from 1 to 3 thousand rubles a day, this is quite a good income.

Is it possible to make money through mining?

Many people are sure that it is impossible to make money using cryptocurrency, but in reality this is not the case. Earning money through mining is more than possible, but it is worth noting that it is not suitable for everyone, and also, this method of earning money has its own nuances that should be taken into account before deciding to earn money using a mining farm.

Let's talk in more detail about what you need to consider before you start making money with cryptocurrency.
Firstly, This type of income is not suitable for everyone. It is suitable for those people who at least understand the specifics of making money and what needs to be done. Also, in order to make money from mining, you constantly need to study and learn new information.

It is worth considering that in order to make money through mining, you will have to invest money, because in order to create a “Farm” you will need from 300 thousand rubles, and this is a minimum investment. The amount can reach up to a million, or even more. Many people do not take into account such a parameter as financial resources, and they are needed here more than ever.

Also, the farm will consume large amounts of energy resources, therefore, electricity bills will increase significantly, this is also worth taking into account.
And of course all this takes up a lot of space, and therefore, your apartment should have a large space so that this method of earning does not interfere with your life.
Also, it is necessary to take into account the currency, monitor the exchange rate, and so on. These facts are constantly changing and must be closely monitored and taken into account in your work. This is a very important point if you want to make money using a mining farm.
We have only considered a number of nuances that are worth considering. In fact, there are many more of them, but these are the ones you need to pay attention to first.

Therefore, you should not immediately run to the store and buy the necessary equipment. After all, you need to be very careful when making money using a mining farm and take into account all the features.

Before you start earning money, you need to very carefully evaluate your capabilities and understand whether this income is suitable for you.

After all, there is no stability here, and this is also worth taking into account.

How long will it take for the equipment to pay for itself?

As mentioned above, to make money from mining you need to purchase quite expensive equipment. But how long will it take to pay off? In fact, it all depends on your income.
In general, at first, beginners start earning about 30-50 thousand, so if you spend about 300 thousand on equipment, it will pay off after 10 months of active work. If you buy more expensive equipment, then the period will, of course, increase. This is definitely worth taking into account. If you are ready to work for zero for almost a year, then you should definitely try to make money using cryptocurrency.

12-07-2017

How much can you earn by mining on a video card?

What it is

Mining is extraction. Surely you have heard about cryptocurrencies, for example Bitcoin, Ethereum, Litecoin, Zikesh, etc. Their main feature is that they are decentralized. Those. they work using a huge network of computers around the world. And in order to be able to send money from one computer to another, you need someone to confirm this exchange. To do this, you need to select a hash, i.e. carry out certain calculations. It is the miners who carry out such calculations on their computers and receive a reward for this in the form of the cryptocurrency that they mine.

How much can you earn

I can tell you an approximate figure 1-5 dollars per day from one video card (August 10, $1.9 per day at 28.5 MHz). This figure depends on several factors. 1. Cryptocurrency rate. He jumps a lot. For example, in May ether cost 90 dollars, in June 370, and now 190. 2. Mining difficulty. The more miners in the network, the more complex the mining algorithm and the less your earnings. By and large, this complexity is constantly growing. 3. Power and energy consumption of your video card. For example, my older sapphire rx480 produces a higher hashrate compared to my newer asus rx580 while using less power and running cooler.

What is needed for that:

Video cards, if you want to mine ether or other altcoins or asic if you want to mine bitcoin. The best models for mining: AMD RX 470, 480, 570, 580. Video cards in stock are the most important problem, because... Now there is a mining boom and they are simply swept off the shelves. You simply won't find them anywhere. Even abroad it is very problematic to do this. But the situation may change. If there is demand, then there will be supply. There have even been several announcements of video cards specifically designed for mining. So wait or search on the Internet.

Other components. Of course, it’s easier with them, but you may also have to look. If you are going to make a farm, then you need to find a motherboard with the required number of PCI-E slots. Particular attention should be paid to the power supply. Is it powerful enough for your video cards? Does it have suitable connectors?

Electricity. Farms consume a considerable amount of electricity. According to my calculations, about 700-800 rubles from one video device per month at a price of 3.77 per kW.

Computer program. It's not a problem. You simply download it from the Internet.
Well, the fifth point is the wallet where you will receive the mined cryptocurrency. There are no problems with this either. You can start one directly on the exchange.
That's all.

Eventually. What are the pros and cons of mining?

The plus is quite clear. Passive income.
But the downside is the risks:
1. The price of cryptocurrencies may fall
2. The video card may burn out if used continuously.
3. The difficulty may increase so much that mining becomes unprofitable.

In general, decide for yourself whether to do this or not.