Building a Cost-effective Mining Rig by Michael Carter (BitsBeTrippin)

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Presenter Michael D. Carter Host of BBT

Transcript of Building a Cost-effective Mining Rig by Michael Carter (BitsBeTrippin)

Presenter

Michael D. Carter

Host of BBT

Who is BBT?BBT (Bits Be Trippin) is a small group of computer/tech enthusiastran by Michael D. Carter, an early Bitcoin adopter. The team iscomprised of a professional graphics/video designer, audio engineer,hardware fabricator and professional project manager.

BBT has produced 30 video’s in the crypto space, focusing on mainlyGPU and ASIC Hardware reviews. The team however is branching outinto software and use case reviews.

HOST/Content: Michael D. CarterVIDEO: Mark MauerAUDIO: Chris “CZ” WillsFABRICATOR: Brian Mena

Our purpose is to educate and inform the masses on Bitcoin and related hardware/software through analysis and though reviews, leveraging YouTube to project our message.

What are alt coins?Alt coins are based on blockchain technology

Algorithm/Coin Considerations

Darkcoin

Litecoin

DogecoinVertcoin

Quark

GPU

ASIC

Altcoins normally provide a set of key features

Their value proposition sometimes can be more thanjust about their exchange rates.

Altcoin Use CaseDecentralization

Altcoin Use Case 2Utility

DogeRedditTipsLocal and Grassroot

Auroracoin Airdrop to IcelandNetwork security from hashing is good. Making money is great. Curing Cancer, Alzheimer's, Huntington's, preventing viruses, and designing next-level pharmaceuticals is awesome. What if we could put these together, to build a coin secured and run by crypto, mined with SHA256, and supported by cancer-curing research?

Altcoin Use Case 3Engagement

Dogecoin Nascar

Jamaican Bobsled Olympics

March 20 turkey’s prime had a court order put in place to disable Twitter in the country. “We’ll eradicate Twitter,” he said. “I don’t care what the international community says. Everyone will witness the power of the Turkish Republic.”

Turks began using Twitter through a Google DNS, this worked for a while before Erdogan blocked that too.

For this reason, now and in the future it will become increasingly important for people to start using decentralized DNS servers. Namecoin provides just the sort of framework required. Unlike most digital currencies, Namecoin’s primary value proposition is not in its exchange potential.

Algorithm Type Breakdown

Algorithm Count % of Total

Keccak 2 1.27%

Scrypt 84 53.16%

SHA-256 33 20.89%

Blake-256 1 0.63%

Scrypt-N 9 5.70%

Quark 6 3.80%

X11 14 8.86%

X13 3 1.90%

Groestl 2 1.27%

JHA 1 0.63%

NeoScrypt 1 0.63%

Scrypt-Jane 2 1.27%

Total 158 100%

Keccak1%

Scrypt53%

SHA-25621%

Blake-2560%

Scrypt-N6%

Quark4%

X119%

X132%

Groestl1%

JHA1%

NeoScrypt1% Scrypt-Jane

1%

% of Algorithm type vs Total

Data Source: coinwarz.com parse 10/5/14

Key Considerations

Hardware/OS Considerations

GPUs

Power Supply

OS/Monitoring

Algorithm/Coin Considerations

Darkcoin

Litecoin

DogecoinVertcoin

Quark

GPU

ASIC

Tools of the Trade

Power RequirementsNormal PC /w non gaming Graphics card 230w

Normal PC /w mid grade Graphics card 420w

Normal PC /w High end SLI/Crossfire Graphics card 850w

x6 R7 240 320W $ 0.85

x6 R9 270 1150W $ 4.00

x6 R9 290x 2400W $ 7.75

BOTTOM LINE: Don’t cheat yourself

Buy GOLD! Best price/efficentBuy Name Brand (eVGA, Thermaltake, Corsair)

GPU Requirements

ModelScrypt Mining

Scrypt N Watts Price

5770 200 MH/s 100 108W $159

5830 275 MH/s 137.5 175W $239

5850 300 MH/s 150 151W $259

5870 380 MH/s 190 188W $379

5970 750 MH/s 375 239W $269

6750 170 MH/s 85 86W $109

6770 200 MH/s 100 108W $135

6850 250 MH/s 125 127W $179

6870 300 MH/s 150 150W $239

6950 350 MH/s 175 200W $299

6970 385 MH/s 192.5 250W $369

6990 750 MH/s 375 375W $699

7750 125 MH/s 62.5 55W $109

7770 200 MH/s 100 80W $159

7850 375 MH/s 187.5 130W $249

7870 400 MH/s 200 175W $349

7950 500 MH/s 250 200W $449

7970 700 MH/s 350 300W $449

79901200 MH/s

600 555W $999

ATI Legacy

ModelScrypt Mining

Scrypt N Watts Price

R7 240 106 MH/s 33 30W $79

R9 270 445 MH/s 222.5 120W $199

R9 270x 475 MH/s 237.5 151W $229

R9 280x 750 MH/s 335 275W $339

R9 290 825 MH/s 412.5 290W $409

R9 290x 925 MH/s 462.5 310W $479

Nvidia 750Ti 200 MH/s 100 100W $135

Nvidia 660Ti 250 MH/s 125 127W $179

Nvidia Titan 540 MH/s 270 150W $649

ATI/Nvidia Current

Bottom line! MANY entry points into GPU Mining!

General PC Requirements

Cheap CPU (Celeron / AMD Sempron) sub $50

RAM/HD 4gb Memory & USB Stick or SSD Drive for Windows

Motherboard H81 PRO BTC sub $70

UNDER 150 USD Entry point

Other considerations

• (USB) PiMP OS

• (USB) BAMT

• (SSD) Windows 8.1OS

• (Cheap) Milk Crate

• (Efficient) Aluminum Air

• (Small scale) Computer Case

RIG

Bottom Line

Fun

Low cost of entry

Engagement

Possibility

Utility

Q&A