So you’re thinking about taking the plunge into Bitcoin Mining.
But where do you start?
Look no further my friend, by the end of this guide, you will be well on your way to mining like a true Bitcoin pleb.
This article is sponsored by BitcoinMerch.com – Save 4% on all products with the code BITCOINNEWS
Since you clicked on this article, I will assume that you plan on mining at your home. There are a few things to consider with this approach.
Bitcoin ASICs are very loud. It’s best to have a room that will be dedicated to mining, like a garage or basement. If you live in an apartment, you’re better off using a hosting service.
While most high-powered ASICs need industrial electricity, you can profitably run some of the older models off of residential electricity. The Bitmain S9, for example, runs perfectly fine off of the standard 110V plug in your house.
However, it is important to buy the correct Power Supply Unit(PSU), otherwise, you won’t be able to run your ASIC off of the electricity in your home. This PSU should work with an S9.
Miners connect to the internet with an ethernet cable. You’ll have to find a way to get a connection to your miner. There are a few solutions to this problem. If you have no way of reaching your ASIC with an ethernet cable, try using a wifi powerline extender like this one: https://www.tp-link.com/us/home-networking/powerline/tl-pa7017p-kit/
Wifi powerlines plug into an outlet in your wall and can transfer data through the copper electricity cables in your house.
Now that you have the right PSU, and have thought about where your internet will come from, it’s time to pick your miner.
For home mining, I personally love the Bitmain S9.
The S9 still makes up about 25% of Bitcoin’s total hash rate, which is remarkable considering they came on the market in 2016.
The S9 is a great option because they are cheap, and still relatively powerful. Depending on your electricity costs, you can still make money with them, although it won’t be substantial. However, if you live in a cold climate, you can heat your garage or basement for free with these machines, as they throw off about 5,000 BTU per hour.
In addition to free heat, you can garner some KYC free sats, which are valued in the Bitcoin community for their anonymity. Also, mining is a great way to learn about the inner-workings of the Bitcoin network. It will further your understanding in many ways.
I hope you enjoyed this quick guide on mining bitcoin at home. Below I have attached links to everything you’ll need, including a power cable, ethernet cord, PSU, rack, and ASIC.
https://bitcoinmerch.com/products/6-ft-18-awg-x-3c-sjt-15a-125-volt-pc-power-cable?_pos=9&_sid=d9fda5500&_ss=r (Power Cable)
https://bitcoinmerch.com/products/cat6-ethernet-cable (Ethernet Cable)
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