What is a bitcoin farm in simple words

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Immediately after the appearance of the cryptocurrency that Satoshi Nakamoto created, users began to use it to make money. Its first and most popular monetary unit is Bitcoin, which is 100 million Satoshi. The most effective way to make a cryptocurrency is mining. This is bitcoin mining, which is carried out thanks to high power equipment. Mine can also be different. For example, on cloud mining and cranes a lot of money does not make. Yes, and those times when it turned out to get bitcoin, or at least a few Satoshi using a home computer, are over. Now, to earn virtual coins requires good equipment. The best option is a bitcoin farm, which consists of equipment with high power.

What is a Bitcoin Mining Farm?

 

Many users are still wondering what a bitcoin farm is. In the modern version, it is a collection of a large number of computer equipment that functions among themselves to solve common problems.

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In order to build a bitcoin mining farm, you will need several video cards that are quite powerful. ATI RADEON devices from the seventh generation and above are suitable. Also important is the amount of RAM, power supply and so on. To collect an effective farm for mining bitcoins, you will have to take into account every nuance.

It is worth noting that even a correctly assembled bitcoin farm does not guarantee success, and if you make mistakes, the idea is doomed to failure. Calculate every detail is also because the equipment for bitcoin mining is quite expensive.

On a note! To date, on the computer market, you can find ready-made mining farms for the production of bitcoins.

Types of bitcoin farms for earnings

There are several types of bitcoin mining farms:

  • collected on the basis of video cardsADM- such devices were popular at the time of the emergence of bitcoins, they consume a lot of electricity and require a good cooling system;
  • assembled from modulesFpga- they are less energy intensive, more compact than ADM video cards, and quite reliable;
  • based onASIC-processors- modern equipment, created specifically for mining bitcoins,helps to quickly find new blocks, but quite expensive, have a long payback period.

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Recently, it has become difficult to find suitable equipment to build a mining farm for bitcoins. The fact is that this type of earnings is gaining popularity, so the devices necessary for the production of virtual coins are in short supply.

On a note! Mining a farm with equipment is most suitable for mining bitcoinsASIC. It is almost impossible to drop a bitcoin with several video cards. This way of earning is best used for the extraction of ether, monero and other types of cryptocurrency.

Miners from around the world control the production of bitcoin virtual coins, accompany the financial operations in the system, which makes it possible to maintain a single network and maintain its state.

A few years ago, when there were some difficulties with mining bitcoins, the miners began to unite, creating pools. The system recognizes the pool as a single user. For a second the team managed to create several hundred GB hashes. The resulting bitcoins (and not some pathetic satoshs) were divided equally among all participants.

However, later with the pools there are difficulties. The competition has increased, even more power was required, it became difficult to generate blocks even at btc mining farms. Therefore, many miners began to think about how to get another type of cryptocurrency, while its popularity in the virtual financial market did not increase.

How to build a BTC farm with your own hands?

Despite certain difficulties that miners have to face in bitcoin and satoshi mining in various ways, bitcoin is still the most popular type of cryptocurrency. That is why users are interested in: how to build a BTC farm with their own hands to get a stable passive income? And many want to avoid large financial investments. This is not surprising, because no one knows in advance how things will go and whether there will be a profit. It’s impossible to give guarantees, but it’s definitely known that it’s not worth creating a mining farm for bitcoin mining without significant investments.

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To build a bitcoin farm with your own hands, you will need:

  • motherboard with PCI slots;
  • RAM, which corresponds to the motherboard - the volume should not be less than 4 GB;
  • Power Supply;
  • CPU;
  • hard disk of at least 32 GB;
  • high-power graphics cards (for example, Radeon R9 390X 8GB);

You will also need adapters, cords, a button for starting a farm and so on.

Assembling the bitcoin of the farm is performed as follows:

  1. The frame is assembled from aluminum corners, with the help of screws the plywood is fixed from below.
  2. The motherboard is installed in the middle of plywood. Between it and the plywood should be an air cushion (should raise the motherboard above the surface, setting it on pieces of plastic or other material).
  3. The processor is installed with a cooler on the motherboard.
  4. The power supply is fixed.
  5. A button is connected to turn on the system.
  6. Attach the hard drive, connect it to the motherboard with a cord.
  7. Connect the video card with an adapter riser and additional power.

Tips for building a bitcoin farm

Specialists who have long been engaged in the extraction of bitcoins by creating mining farms, give advice to beginners:

  • The power supply must be at least 1,200 watts.
  • The motherboard should have several PCI slots, since it is in them that the video cards will be installed.
  • For Bitcoin farm to work fully, you will need a 16 GB memory card.
  • It is not advisable to install all of the above components in the computer case, it is better to build a separate box for them, using wood or metal.
  • For a bitcoin farm, a good blowing system is important, since the equipment operates at high power and is able to quickly and severely overheat (at a minimum, an ordinary home fan can be used).
  • Video cards should be productive, for models on the bitcoin farm there are models like Radeon R9 390X 8GB.
  • To take the video cards slightly to the side, you will need to use a cable with additional power.

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These are just the main recommendations that experienced miners share with newcomers.

On a note! When assembling the bitcoin of a farm, it is better to select 2 video cards at a speed of about 800 kph / s, rather than one at a rate of 1600 kph / s.

After creating a farm for earning bitcoins, it remains only to select a suitable pool. With properly performed actions and equipment efficiency, the costs will be repaid only after six months, and if it is lucky, after 3 months.

Important! Earnings go to btc-wallet, you need to create it in advance.

If the bitcoin farm turns out to be unprofitable, you can return some of the money spent by reselling the equipment.

Profitability bitcoin farm

To calculate the profitability of a bitcoin farm, you can take as an example the installation of an ASIC model Antminer S9. The extraction rate of such equipment is 14 TH / s. By performing simple calculations on a special calculator for bitcoins, you can get 1 bitcoin per month.

However, this is not a net profit, since in this case the costs of electricity, equipment and other expenses for a bitcoin farm are not taken into account. As a result, net income will seem less impressive and will be calculated not in Bitcoins, but in Satoshi.

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These are just the main recommendations that experienced miners share with newcomers.

On a note! When assembling the bitcoin of a farm, it is better to select 2 video cards at a speed of about 800 kph / s, rather than one at a rate of 1600 kph / s.

After creating a farm for earning bitcoins, it remains only to select a suitable pool. With properly performed actions and equipment efficiency, the costs will be repaid only after six months, and if it is lucky, after 3 months.

Important! Earnings go to btc-wallet, you need to create it in advance.

If the bitcoin farm turns out to be unprofitable, you can return some of the money spent by reselling the equipment.

Profitability bitcoin farm

To calculate the profitability of a bitcoin farm, you can take as an example the installation of an ASIC model Antminer S9. The extraction rate of such equipment is 14 TH / s. By performing simple calculations on a special calculator for bitcoins, you can get 1 bitcoin per month.

However, this is not a net profit, since in this case the costs of electricity, equipment and other expenses for a bitcoin farm are not taken into account. As a result, net income will seem less impressive and will be calculated not in Bitcoins, but in Satoshi.

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It is difficult to say exactly what is worth mining. The fact is that there are a lot of crypto currency types, and it is not known which time to spend. According to experts, you can pay attention to Litecoin, Dogecoin and Peercoin.

Nevertheless, Satoshi and bitcoin have always been and still remain the most common virtual currencies with which some online stores operate. In Russia, digital coins have not received increased interest from users, which can not be said about Western countries. There you can pay Satoshi or Bitcoin for goods and services.