Hello welcome to how to build a miner, in this class you will learn about GPU or General Graphics Processing mining. GPU mining is a combination of equipment and software that enables the user too source setup and participate in the act of “mining” in an attempt to get a “reward” in the form of a digital asset.
So what does this look like? You will need to create something that is called a rig. A rig is anything from your classic gaming pc to a Frankenstein looking thing with many GPUs attached onto a PC. Being competitive is important and you’re going to need some serious processing power. This is best accomplished with multiple GPU’s which are generally used for 3D graphics in video games. Every computer will have something called a Central Processing Unit (CPU), it’s responsible for linking up all the software and hardware in the computer. CPU’s can have specialty software that allow them to partake in the act of mining as well. Although it’s possible to mine with CPU’s you are limited in choice of projects as GPUs are optimized to run similar operations over and over again GPU’s tend to make CPU mining non-competitive in projects where they can compete for the mining reward
Now your cost reward benefit has a couple factors. One the most obvious is electricity one of the industry driving forces in mining is electricity it takes to find a digital assets over what time period. Depending on how you initially build you rig it will have a different equipment cost for set up which must be re-gained in mining process and re-sale of equipment or put to other use as it is still a computer. Mining rewards and difficulty at earning these rewards changes all the time depending on number of people competing.
It is a good idea to assume on the same equipment you will gain less digital assets every month if the network becomes popular. The up side is if the network does become used you digital asset related to the network generally gains significant value. Which is kind of the purpose of mining for digital assets. You’re the creators of a digital asset the ones who are their first and that gives many advantages the longer you stick with it. Mining is a technical hobby or business there is much to explore in this space and building the tools that let you connect with this new environment is the best first step someone can take.
Payment will be accepted at the door. Please arrive 15 minutes prior to the start time. Lunch will be provided (please notify us in advance if you have any allergies).