CRYPTO MINING for Beginners 2023 | My First Mining Rig | Cryptocurrency UK

In this beginner’s guide to mining cryptocurrency, I discuss how to build a mining rig in 2023. I also discuss how to mine Ethereium using Nicehash, which is currently the easiest way to mine crypto.

I am new to crypto mining so this will be the first time I have attempted building a mining rig. The mining rig that I am building with has 6 x GPUs and hopefully will have a combined hash rate of around 180 MH/s if I can overclock each GPU to achieve 30 MH/s.

The parts you need to build a crypto mining rig are as follows:
• Motherboard
• CPU, Heatsink & Fan
• GPUs (usually multiple)
• Wi-fi (if wired LAN isn’t possible)
• PCIe Risers
• Power Switch
• PSU’s (Power Supply Units capable of powering all of the GPU’s)
• RAM (At least 8GB of DDR4)
• SSD
• Chassis

Mining rates can fluctuate, however, if the average reward is around £5 per card (£30 per day) then it will take just over 100 days for this setup to break even.

Although Bitcoin is the largest cryptocurrency, I plan to mine Etheruem in 2023 as it appears to offer the highest mining rewards. I will probably avoid mining meme coins such as Dogecoin as I want to mine cryptocurrencies that will perform well long term.

Do you currently mine cryptocurrency? Which is better, Bitcoin, Ethereum or Dogecoin? Let us know in the comments below.

CRYPTO MINING for Beginners 2023 | My First Mining Rig | Cryptocurrency UK

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Kane Dane