Bitcoin mining is a very attractive type of entrepreneurship as it allows you to gain cryptocurrency by simply assembling the right device and installing appropriate software. However, with the growing competition that this niche has had for the past several years, it is becoming harder to make a good farm as it becomes more and more expensive. As an alternative to Bitcoin mining on a PC, you can buy an ASIC device and create your own rig.
A Typical Computer Miner
To start mining Bitcoin on PC, you need to assemble a special computer farm that will include the following parts:
1. Desktop case. If you have a standard PC case for your desktop device, you will have to buy a bigger one as you will have to place a more powerful video card (or a couple of them) as well as a bigger power unit. You should also make sure that the case allows you to use a better ventilation system.
2. Motherboard and chipset. If you are going to mine with one GPU unit, you can leave one motherboard. However, if you want to get the most out of it and use several GPUs, you will have to buy several motherboards for such purposes.
3. GPUs or graphic processors. This is the core of such systems, as the GPU is responsible for mining. You can start this process even with just one graphic processor, but the performance of such hardware will be very low. Modern miners use several video cards in order to improve their chances.
4. RAM memory. If you are going to use your PC for mining, you will have to add both RAM and hard disk memory. The recommended parameters are 120 GB of free space and 8 GB of RAM.
5. Power unit. If you have a standard PC, you will have to think about upgrading your power unit. Many experts advise buying power units of 1200–1400 watts.
6. Last but not least, you should think about your cooling system. While your standard PC may be supported by standard cooling systems, if you want to transform it into a mining farm, you will have to buy additional cooling equipment.
As you can see, there are a lot of things to do and to purchase if you want to transform your home PC into a mining farm. However, even with those upgrades, you will still be overbeaten by ASIC owners.
Can I Mine Bitcoin on My PC?
If you are still wondering how to mine Bitcoin on PC, there is one more thing that you should be aware of. Unfortunately, even if you assemble an average farm, you will have a little to zero chance of being seriously rewarded by the blockchain.
Therefore, you have a couple of choices. You can either join mining pools and share rewards with other miners, or invest more money and buy ASIC hardware, which is designed especially for such purposes.
To start Bitcoin mining nowadays, it is not enough to have a modern PC. You should also do some upgrades and buy additional GPUs as well as other hardware parts. And even with all those manipulations, there is no guarantee that you will succeed, as the competition in this niche is very high and there are more powerful tools to mine cryptocurrencies.