Mining on a personal computer is certainly one of the most popular ways to mine cryptocurrency. However, it is worth considering that the cost of mining equipment can be significant, and the possibility of recouping the investment is not always guaranteed. If you are still interested in this method of earning, we are ready to shed light on the key aspects.
Mining is the calculation of a unique program code using specialized hardware. During these calculations, a new cryptographic block is formed, which contains the following information:
- All data on cryptocurrency transactions
- The final hash sum
- A link to the previous block
After the miner finds the final hash sum, other nodes in the blockchain network check it, and if the block meets the requirements, it is included in the chain, and its creator receives a lucrative reward in the form of cryptocurrency.
Combining efforts in a group, or pool, allows you to find a solution much more efficiently and quickly, which speeds up the process of finding the next block. Solo mining is rarely practiced nowadays due to its high time and financial costs.
To start mining on a PC, it is important to choose the right components, since the final result will depend on their quality and performance:
System components
ASIC Module
This is a highly specialized microcircuit designed for the efficient distribution of computing resources. In modern cryptocurrency mining, these modules have become widespread, as they allow for a significant increase in the productivity and efficiency of data processing processes.
RAM
The amount of memory required for a video card is determined by the number of video cards you plan to install. The recommended amount is 32 gigabytes.
Motherboard
The mainboard of any computer plays a key role, especially in the context of mining. When buying, special attention should be paid to the presence of four connectors for video adapters and an independent cooling system.
CPU
In today's world, the processor does not perform mining on its own, but its performance is still a key factor. The criteria for choosing a processor are similar to those for a video card: it is important to have an effective VRM based on the motherboard and a proper cooling system. The processor must also be able to work with SSE2 and AES instructions. Before you buy, make sure you have all these components!
Hard Disk
The main condition is that there must be a significant amount of free space on the hard drive. When choosing between SSD and HDD, preference should be given to SSD due to its higher operating speed. However, if financial possibilities are limited, purchasing HDD is also an acceptable alternative, since it will not have a significant impact on the overall result.
Video Card
When choosing a video card, it is important to pay attention to the amount of RAM - it should be at least 4 GB, although 8 GB would be a more optimal option. In addition, an equally important parameter is the power consumption of the video card. The lower it is, the more efficient your video card will be.
Minimum Requirements
To mine, your system must meet the following minimum requirements:
Basic instruction for mining
After assembling the necessary mining equipment, you can begin the process of setting it up to start mining cryptocurrency.
- First, you need to decide on the payment system you will use to make transactions. You will have to choose between debit and credit systems. In addition, you will need to create a cryptocurrency wallet, which will serve as a secure storage for your cryptocurrency;
- Next, you will need to choose software for the mining process. One option is NiceHash – it is a universal miner that is suitable for use on both a personal computer and a smartphone. Do not forget to properly configure the application and check its functionality. In addition, make sure that your system is fully operational;
- Start the process of cryptocurrency mining. Do not stop monitoring the work of your system to prevent it from overheating.
Is mining worth it at all?
Earning money by mining from a computer is a valid way, but it should not be considered the most profitable and reliable. There is a high probability of losses. In addition, although it is possible to increase the efficiency of mining, the expected income cannot be guaranteed at 100%.
It should be emphasized that this approach does not promise large incomes, because it is aimed at specialists, mainly those who own large mining farms, and is not suitable for everyone. It is better to look for more suitable options.
There is another great way to earn cryptocurrency that does not require additional investments. In addition, you will get a pleasant experience and will be able to earn cryptocurrency without any restrictions. We are talking about cryptocurrency games. Currently, there is one promising project with real earnings - Mystique Fusion. Here you can relax after a hard day at work and easily earn cryptocurrency! Just buy heroes, develop them and progress. In addition, various events regularly take place here, and the community is actively growing. Download the application for free from Google Play or the App Store and start earning right now.
If you want to know more, read about other methods of getting free bitcoins.
