What is mining machine?
Mining machine are devices which used GPU to mine digital currencty like bitcoin or ethereum .
What does a mining machine do?
Machines on the network verify and process transactions, new crypto currency is created, or mined. These machines in a network process the transaction in exchange for a payment in CryptoCurrency.
How to Start Mining?
Cryptocurrencies
Digitial mining requires computers with special hardware to run specific software designed to solve complicated( cryptographic mathematic equations). In the technology’s early days, cryptocurrencies like Bitcoin could be mined with a simple CPU. Now a days however, CPU chips have become impractical.
Today, mining cryptocurrencies requires a specialized GPU connected to a internet connection.
Is Crypto Mining Worth It?
Determining whether crypto mining is worthwhile depends on several factors. Miner chooses a
The most important factors to consider are the
For instance, the average ASIC miner will use about 72 terawatts of power to create a bitcoin in about ten minutes.
Price of the machine matters, it is just as important to consider electricity consumption, electricity costs in the area, and cooling costs, especially with GPU and ASIC mining rigs.
I did some Feasibility let me share with you .
- CPU
- GPU
- ASIC miner
- cloud mining
The most important factors to consider are the
- mining rig’s hash rate
- electric power consumption
- costs
For instance, the average ASIC miner will use about 72 terawatts of power to create a bitcoin in about ten minutes.
Price of the machine matters, it is just as important to consider electricity consumption, electricity costs in the area, and cooling costs, especially with GPU and ASIC mining rigs.
I did some Feasibility let me share with you .
CARD MODEL | Price | Qty | Total Price | Watt | Total Watt |
| 3070TI | 170000/-PKR | 5 | 850000/-PKR | 270 | 1350 |
| Celeron Processor Stock cooler Motherboard6 GPU Supported 8gb ram 128gb ssd Local frame 2000 watt psu, 600 watt psu 5 risers | 115000/-PKR |
Total Cost is 965000/- PKR
Conclusion
As per my calculation a 5 GPU system required around 2600 watt of power and additional it needs a unit to cool down temperature around 1000watt Air conditioner
So Total of 3.6 Units will be consumed to run this system,
in my Country pakistan current unit price is 40/- rs which is expected to be increased in few weeks.
Pkr 40 /- * 3.6 Units= Pkr Rs144/- per hour
3.6 * 24h = 86.4 units per day i.e Rs3456/- per Day
86.4*30 = 2592 units per month i.e Rs103680/- per month
Earning maximum is USD9.09$ which is around Rs 2090/- @ 230Pkr dated 23-jul-22 /day
Monthly USD9.09$ * 30days = 272.7$ = Pkr 62721/-
after spending 0.96 million
u will be paying around Pkr40959/- from your pocket under current circumstances.
to keep system running.
