Things You Need to Know Before Mining CryptoCurrency on Your Laptop
Mining cryptocurrency is producing virtual currency with the power of computers. The amount of combinations for mining strategies are endless.
If you are a newbie and you want to get into crypto mining in general, there are a few things you should look at. Before you buy your first mining rig or GPU, you should look at:
the ROI (Return on Investment)
Price of Cards
Coin Flexibility and Versatility
Just to name a few. So, let's take a look at what it takes to start mining crypto.
Understand the Process
The first thing you must learn before mining crypto is to understand how it works. Due to the increase of miners, mining has become less lucrative than it used to be. You need to understand what coin can be mined and which can't.
Also, you must understand the essential components that cover a mining task. They are the mining software, wallet and hardware.
The market is usually not stable. The prices are super volatile as it goes up and down, so there is no way to predict how much a particular coin will cost in the next year. It could be lower or higher the price, but there can be a rough estimate on how much to expect. Do not forget to track your mining income as throughout the whole process.
Conclusion: Don't get overwhelmed. There are many aspects to consider.
Price of Graphic Cards
This point correlates to the ROI. You need to think about the kind of cards you want to buy and the resale value. For example, if you're going to buy newer cards like the Radeon 7, it will cost you $700, and you may sell them when the most recent version of GPU comes out.
Consider the type of cards you want to get and how much they cost. You should also make sure to calculate the resale of the cards in the coming months or years. There might be a need to sell laptop to upgrade to the next level of GPUs that will come out.
Conclusion: Plan for the future in your beginning purchases.
Coin Flexibility and Versatility
There is a difference between AMD cards and NVIDIA cards, and there are coins that are good on each of them.
For example, AMD cards are perfect for kryptonite. NVIDIA has many algorithms associated with it, such as
NVIDIA cards are incredibly versatile in a lot of different coins
It is crucial to consider the kind of coins you want to mine. Not only based on profit, but on what you have to mine them with. Also, consider the ROI on the price of these coins.
Conclusion: Your hardware will determine what you will go after.
The highest amount of electrical cost is up to 20cents per kilowatt-hour, which it is still a profitable deal. Make sure you factor in your cost per kilowatt/ hour and the power consumption that your potential mining rig will take. Figure out how many amps, or power, that you will be utilizing in the process of mining crypto. The cost of electricity and hardware have the most impact on how much profit you will make on your crypto journey.
Conclusion: Be prepared for the cost of searching for your wealth.
Mining Efficiency and Hash Rate
This correlates to the cost per kilowatt/hour, the amount of coins you can mine, and the coin's profitability. You will need to look at how much MH you are getting per hour and the wattage.
You also need to look at the number of rewards you are getting. For example, if you are mining Ethereum Classic, you will be reaching 0.6332 in 24 hours. And if you are mining Ethereum, you will be getting 0.0206 Ethereum per day.
Conclusion: How much you mine is connected to how much time is going into it.
Not the biggest issue, but it is good to understand the hash rate of the network of the coin you are mining. Miningpoolstats.stream is an excellent website to see how much the entire network of a hash rate is.
It would be best to look at block rewards and mining rewards, then calculate the coin you will make per day on a mining calculator. Because it is not every digital coin can be mined, so make sure you do a lot of research.
Conclusion: Do your research to see which coins are most beneficial for you.
There are many things to consider when starting as a new crypto miner. For any of this to be beneficial, you must be extremely interested in crypto mining. While almost everybody is in it for the money, it is important to be motivated.
Also, keep in mind that crypto mining is not a get rich quick scheme. You are mining for the future.
Top 3 Gaming Laptops For Crypto Mining In 2021 and Why
Gaming laptops are great for many things: architecture, video editing, engineering, photo editing and, yes, crypto-mining. This article will show you the best selling gaming laptops you can use to mine crypto and why you should use them.
Before we start, it may surprise you to know that you can use a gaming laptop for crypto-mining. Most gaming laptops come with powerful GPUs and good battery life, which is needed for crypto-mining. Please note that not all gaming laptops can do this; it has to be the high-end models.
What makes up a powerful gaming laptop? The essentials are powerful hardware, an external fan, and a heat extractor because mining generates a lot of heat. Without suitable hardware, your laptop could be damaged within a short while. The most important thing to know is having an excellent cooling system to prevent overheating and good GPU performance.
There are several crypto-mining coins you can mine with gaming laptops of your choice:
Now that you have a feel for what you should look for, here are the best gaming laptops you can use for mining crypto.
CUK GS66 Stealth
If you decide on a laptop with NVIDIA RTX 3070, the CUK GS66 Stealth is for you. Its hardware is more powerful than most gaming laptops, with twice the amount of RAM from a standard model. What you can get on this laptop is the Cooler Boost Trinity, which helps enhance air flow to cool the laptop faster.
These three fan features put the whole system in average temperature during crypto-mining or gaming. It is a great feature considering mining pushes your hardware to the edge, so a non-stop operating fan is a great option.
It comes with an:
Intel Core i7
1TB NVMe SSD
NVIDIA GeForce RTX 3070 Max-Q 8GB
Why the CUK GS66 Stealth is Great for Mining
This laptop has a wonderful QHD performance, and the Cooler Boost Trinity with three fans will cool the system, making the crypto-mining experience more effortless and efficient.
Overall: NICE AND COOL
ASUS TUF Dash
There are a lot of great laptops that are under the TUF line. The Dash is a customizable gaming laptop, and you can get one with 40GB RAM. It has a great GPU which is great for mining and gaming. The most remarkable feature about this laptop is its ability to maintain average temperature for mining or gaming.
It comes with an
Intel Core i7 processor
NVidia GeForce RTX 3070
Why the ASUS TUF Dash is Great for Mining
The Asus Dash comes with a tactile keyboard, is highly customizable, and it has a wonderful cooling system that makes the mining experience easy and smooth.
Overall: A POWERHOUSE
Razer Blade 15
The Blade 15 is one of the best laptops you can use for crypto-mining. And while the price may be an issue for most people, downgraded versions are available at a lower price. However, the upgraded version is the best option for around the clock crypto miners, and gamers, that want to get the best graphics card possible in a laptop.
The Blade 15 comes with:
NVIDIA GeForce RTX 3070
Intel Core i7-10750H 6 Core
Why you should choose the Razer Blade 15
This laptop comes with two cooling fans, which will be great in avoiding the overheating that happens during mining crypto. It also has one of the best GPUs you will find on a mining laptop. And the rest of the hardware will efficiently handle your mining. It is also one of the best options for a mining laptop at a reasonable price.
Overall: THE STRONGEST LAPTOP
Most gamers can consider the option of crypto mining if they do not want to play games and want to make some profit. This is why it is crucial to use gaming laptops, because most of them come with a powerful GPU and incredible cooling systems.
However, because laptops are more fragile than desktops, you must be careful with overloading your system. The reason being, it could shorten its lifespan and prevent you from enjoying the best of it.
How to Build Mining Rig under $1500
Before you begin building a mining rig, you need to have figured out what kind of rig you want. And that will vary on the type of coins you intend mining. For example, whattomine.com has a good breakdown of what coins are profitable to mine. You can also consider if the coin is one of the top profitable and consistent coins.
Building mining rigs may be tricky, but it is not hard when you break them down. There are things to consider when you want to build a good mining rig: such as how to place them, components, etc. You can also look into buying a gaming laptop for crypto mining.
Just like wallets, there are several types of mining rigs:
ASIC (Application-Specific Integrated Circuits) - These devices are the best for building a mining rig. Although they are hard to come by, it is the best option if your only objective is to make money via cryptocurrency.
CPU- The work of the CPU mining rig is to mine data from the blockchain with processors. They are usually inexpensive and straightforward, and with them, you can mine straight from your computer. While the perk of using a CPU mining rig is availability, the disadvantage is that it takes a lot of electricity use.
GPU- This is a favorite option for people that want to learn how to build a mining rig. These rigs use GPU graphic cards to mine blockchain data. To get the best result, you will have to use the biggest available GPU.
Now that we know the type of mining rigs available, let's get into building one.
How do you Build a Mining Rig?
If you are thinking of building a mining rig, you most likely are considering one with GPU. Most CPU mining rigs are built like the GPUs except for their main component. And ASIC mining rigs do not need any initial building as they are devices on their own.
When picking parts for your rig, there are several things to consider, but the most important is energy consumption and the hash rate. It is also essential to strike a balance between power consumption and component power.
Motherboard- One of the significant components of a mining rig. It is a determinant of how compatible each component is with one another. When picking a motherboard, you should choose one with good compatibility with your graphics card.
Graphics card(s) – This will determine how solid the performance of your mining rig will turn out to be. The major manufacturers of good graphics are AMD and NVIDIA. Be sure to research the compatibility of these graphic cards with crypto mining.
CPU- Having a good processor is essential in ensuring your mining rig runs efficiently and smoothly.
Power Supply- In most cases, an average power supply mines well. But if you want to have a supercharged, hardcore crypto mining rig, you have to get a potent power supply.
Cooling system- No matter the kind of mining rig you are building, good cooling is essential to avoid overheating and ensure it properly works. It is better to invest in the best cooling on the market to get the best out of your rig.
Frame- A mining rig frame is like the body of your device. There is an array of different and preferred choices. It would be best to use a sturdy frame that will hold the whole thing together.
Building a mining rig is simple and does not require much.
First is setting up the motherboard inside the frame of the mining rig.
The next step is to plug the cables into the CPU.
Then add the rest of the hardware needed, including the graphics card.
Afterwards recheck the cable placement and move onto the software.
It depends on the kind of mining rig you choose, but note that even a simple and secure software will do the job. You can check online forums for reviews on several cryptocurrency mining software.
The last step is to configure the options to your preference and complete the setup. You will need to reboot your device a couple of times before it fully operates.
After all of these steps, you are ready to begin your mining journey.
Lots of people are constantly going into cryptocurrency these days. And now with the knowledge of building a mining rig, it is an added advantage for yourself. You will not only know about the mining rig, but also understand how crypto work, and the kind of software you need.
How to Mine Bitcoin Using a USB Stick
One of the ways to create your Bitcoins without having to trade them is to mine them. And you must understand that generating Bitcoins through a USB stick is one of the original ways of mining Bitcoins. And if you intend to make money or profit off of Bitcoins, you should avoid it.
However, it is essential to know how to mine Bitcoin is done without putting much energy into it. In the early days of Bitcoin tech, USB Bitcoin miners were a huge deal. Before it, people used only the CPU to mine for a short period. USB mining then came into existence and gave a massive boost to Bitcoin mining.
As time went on, it became more difficult to mine Bitcoins using high-powered devices. And now, if you want to use a USB stick to mine, it will take a very long time to reach three decimal digits. However, they are excellent and cheap options if you want an introduction to mining.
Also check out:
Things to Know about USB Sticks Now
USB stick – It is the device that will do the actual mining tasks. You can use a USB for Bitcoin mining with just a direct connection to the laptop. Although if you want to handle serious mining tasks, you need an ASIC device.
There has not been many new USB technology for Bitcoin mining in the last couple of years. However, there are three excellent USB mining sticks will do a fantastic job:
GekkoScience Compac USB Stick Bitcoin Miner,
and Avalon Nano 3.
Let's take a look at each of those a little closer.
GekkoScience Compac USB Stick Bitcoin Miner
This device mines as much as $0.15/month and comes out with a hashing power of 8 giga-hash per second. This means you will make your first dollar within the same year instead of other USB mining sticks that will take years before you earn.
Tip: The fastest of the three
This USB miner has been around for a very long time. Also known as the ASICMiner Block Erupter USB Sapphire Miner, it is one of the first-ever created USB miners. You are sure to get up to 330MH per second. The profit is about $0.01 every month, making your first dollar after eight or nine years.
Tip: The most reliable of the three
Avalon Nano 3
This is by far the easiest and cheapest USB miner. An instant connection to a PC will begin your Bitcoin mining. Unfortunately, like most USB Bitcoin miners, it is very slow and may take a whole year to make one dollar. It features about 3.6 giga-hash per second of mining power, and is a good deal.
Tip: The most affordable of the three
How Does It Work?
Several USB sticks are plugged in with the correct software to start the mining process and improve hashing output. For instance, if a USB stick offers 335 mega-hashes every second, connecting six simultaneously will cumulatively generate two giga-hashes of power.
Software like MinePeon, MacMiner, and Asteroid can easily monitor the progress of USB crypto mining.
Bitcoin Mining Software
There are different types of Bitcoin mining software depending on the operating system you want to use. The software you choose happens after deciding on the best USB mining stick for you.
There is so much software available. Some are specific to a device, and others are specific to an operating system. But it all depends on the USB mining stick or pool you use.
Just like physical wallets, a Bitcoin Wallet is where you can safely store your Bitcoins. They, in turn, provide a miner with a unique key you can use to process transactions- that is, receiving and sending Bitcoins. Choosing a Bitcoin wallet is complicated and should be chosen with care. They are either offline or online, virtual or physical.
Bitcoin Mining Pool
This is an essential aspect of mining Bitcoins. A mining pool is a group of crypto miners who wish to mine larger Bitcoins blocks faster and share the rewards afterwards.
If you want to understand the basics of mining cryptocurrency, using a USB miner is your best bet. However, you should not expect significant profits with this method of mining. But one of its perks is that it is easy to set up and understand, while being inexpensive and not complicated at all.
How to Mine Bitcoin on Your Laptop For Free
There are several ways for Bitcoin enthusiasts to mine on laptops.
Payment for goods and services.
Mining Bitcoin through crypto exchange.
Or mine for themselves.
Mining is a process that lets you unveil new Bitcoin by deciphering difficult mathematical problems.
You can liken the process to how miners dig for gold, except that Bitcoin miners need to set up several nodes of high-powered systems to look for the verification key quickly. However, miners have to constantly verify several Bitcoin transactions simultaneously using Blockchain to keep them locked.
Bitcoin miners will be given several problems to work on and solve. Afterwards, they are compensated with a couple of newly created Bitcoins.
How Bitcoin Mining Works
Bitcoin mining is a process of hash confirmation that validates Bitcoin transactions. After the transactions have been validated, miners are responsible for securing the Bitcoin's network ledger. The hashes measure the speed of Bitcoin mining per second.
A miner can use a previous hash to begin the process of a new transaction to the node network, producing another Bitcoin block. Miners will then confirm the accuracy of the new block, then network approves the transaction.
After all these processes, the miners are then compensated through the network, and the mining pool provides newly made Bitcoin for every miner.
How to Mine On Your Laptop For Free
Bitcoin mining enthusiasts should know and have these important things at hand before deciding to mine. The first step is to set up a Bitcoin wallet. The second is to create an account to store your earnings. Third will be to create an encrypted bank account to transfer your earnings instantly.
Then, you will install and set up free Bitcoin software on your laptop. Finally, you link your Bitcoin wallet to your Bitcoin mining account.
Setting Up Your Bitcoin Wallet
This process is one of the miner's primary objectives before beginning the Bitcoin mining process. The wallet will easily let a Bitcoin miner save, receive and send Bitcoins securely; and prevent any possible risk exposure. These wallets will contain every Bitcoin, from the smallest unit to thousands.
Creating a wallet must include a valid email address before installing any mining software on your laptop.
Downloading Bitcoin Mining Software
While the hardware handles the mining process, the Bitcoin mining software is crucial to link you to the mining pool and blockchain network. So much free mining software runs on most operating systems like OSX, Linux, Windows, etc.
A lot of these software works well on Raspberry Pi. And depending on your mining setup, this software can be moved with some adjustments. Mining software also observes the Blockchain's input and output; and shows average data for
speed of the fan,
speed of the timer,
There are many free Bitcoin mining software out there, so you must do proper research to understand safety precautions. Here are some of the best Bitcoin mining software we found:
BTCMiner- An open-source miner with a USB interface for interaction. Its process is fully automated. And measures the frequency of its dynamic based on its error measurement.
EasyMiner- A GUI free Bitcoin miner for Android, Windows and Linux. It is super transparent, has a user-friendly interface, and automatically configures your mined Bitcoin.
50Miner- A Window-based frontend miner. All you need to mine with this software is a password and username. It automatically mines with a minor hardware tweak.
Join a Mining Pool
After installation of a free mining software and wallet is complete, joining a Bitcoin mining pool is the next thing to do. A mining pool is a group of miners that work together to unravel a block. After the problem is solved and a new Bitcoin block is created, the mining pool divides the rewards.
The importance of a mining pool is to reduce the time it will take to mine Bitcoin. Usually, it may take a single miner more than a year to mine one Bitcoin and never earn from it. It makes more sense and is more suitable to distribute the effort of every miner within a pool. Each member can afterwards divide the reward among the larger Bitcoin miner group.
If you wan to try you can sell your laptop to us for cash and use it to build a mining PC.