How to setup Bitcoin Mining Rigs in Australia
There are three main types of Bitcoin Mining hardware, each expensive and powerful than the last version. The following guide will explain each of them and how to make them work for you.
While setting up Bitcoin Mining Rigs Australia, two things are important. They are as follow:
- Hash Rate
- Energy Consumption
This term is used to determine the number of calculations that your hardware can perform every second. Hash rates are measured in megahashes, gigahashes, and terahashes per second (MH/sec, GH/sec, and TH/sec)
The hardware that is used for bitcoin mining utilizes a lot of electricity to carryout high level mathematical computations for your Bitcoins. The energy consumed is measured in Watts. Use these two factors to work out how many hashes you’re getting for every watt of electricity that you use. To do this, divide the hash count by the number of watts.
Types of Bitcoin Mining Rigs (Bitcoin Mining Hardware):
- CPU/GPU Bitcoin Mining
- FPGA Bitcoin Mining
- ASIC Bitcoin Miners
CPU/GPU Bitcoin Mining
The least expensive Bitcoin Mining hardware is your own CPU to mine bitcoins, this is so slow by today’s standards. You can increase the mathematical computations for your Bitcoin Mining by enhancing the hardware and Graphic Processing Unit of your computer. Increasing the Graphic card strength will increase the computing power on your PC. You can buy GPU from two main vendors like ATI and Nvidia. Bitcoin mining through CPU and GPU upgrades is history nowadays with the release of ASIC mining power that graphic cards can’t compete with.
FPGA Bitcoin Mining
A Field Programmable Gate Array is an integrated circuit designed to be configured after being built. This allows Bitcoin Mining Rig developers to buy Bitcoins in Bulk & then customize the bitcoins for Bitcoin Mining. Single-chip FPGAs chips can process around 750 Megahashes/sec, the highest achievable rate till date. You can put more than one chip in mining box to increase the computation of Bitcoin Mining Rig.
ASIC Bitcoin Miners
ASIC stands for Application Specific Integrated Circuits. They are designed to do one thing i.e mine Bitcoins at a mind-crushing speed. Since these chips are specifically created for the same task i.e to mine bitcoins, they are expensive and time consuming to produce. The computation speed for ASIC Bitcoin Mining Rig is approx 5-500 Gigahashes/sec.
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