Tag Archives: hardware

GPU Mining: back in style?

Ethereum 3 month price history

Ethereum: 3 month price history

Yes, it’s been awhile since I’ve posted. =) The GPU mining craze all but died three years ago with the rise of ASIC hardware for scrypt (litecoin) miners. But if the last few weeks are any indication, it looks like we may be in for a major resurgence in popularity.

Bitcoin is currently trading at over $1200—a roughly 400% increase in the past year. Equally interesting is the performance of a couple alternative cryptocurrencies. Ethereum is at ~$32 (up 300% in the last year), with a market cap of $3 billion—about 15% of Bitcoin! Dash is at $100 (+250% over the last year, with much of that gain in the past week).

Dash is based on the X11 algorithm, which means ASIC hardware dominates its mining scene—and getting your hands on an X11-capable ASIC miner is currently fairly difficult, as they’re mostly sold out everywhere. But Ethereum is exclusively minable with modern consumer-grade video cards, and it’s currently quite profitable to do so.

Read on for some “back of the napkin” numbers regarding Ethereum GPU mining profitability, and some current hardware suggestions.

Build your own Litecoin Mining Rig, part 1: Hardware

Litecoin mining rig in plastic crates

One of my finished mining rigs. Using plastic crates instead of a standard PC case helps improve airflow and cooling.

So you’re interested in mining cryptocurrency, but you’re not sure where to start? No problem, this guide is all you need to set up your own headless litecoin mining rig—even if you have absolutely no experience with this sort of thing.

First, let’s get the obvious question out of the way: why litecoins? After all, bitcoins are worth more, right? The simple answer is that at the time of this writing, litecoins are currently the most profitable cryptocurrency to mine when you take into account how much each coin is worth, and the time required to mine one. Rest assured that if the situation changes, and another cryptocurrency suddenly surpasses litecoin as the best mining option, the rig outlined in the guide should have no problem switching over to a new coin.

This guide will be broken into several parts, each focusing on a different aspect of building your first mining rig. First, let’s take a look at what you’ll need in terms of hardware to put a respectable miner together.