Project summary

What is a mining farm and how does it work?

Mining is the extraction of cryptocurrency. A farm is a network of several devices connected into one for faster work and receiving rewards. The main equipment that participates in the process is a "video card", therefore, when assembling your own farm, up to 6-10 cards are connected to one motherboard.

The principle of operation is as follows:

• installation of special software
• registration in a special system
• equipment setup
• mining launch

Even such a simple explanation is not clear to everyone how to mine and where the money comes from. After setting up the system and starting the process, the computer directs all its power to the servers to solve complex mathematical calculations. Every second, a huge amount of information is processed by several users at once. As soon as the problem is solved, the miners are rewarded in the form of cryptocurrency to their internal account (crypto wallet).

Project summary

Project name : Cryptocurrency mining.

Investment needs:

Initially $ 45,000 for 10 rigs.

Technological solution:

Collecting rigs (mining farms) with high processing power ( Mh / s ).

10 rigs (farms)

1 rig consists of:

1. Powerful video cards - 6 pieces
2. Processor 1 pc
3. RAM
4. Motherboard
5. Power Supply  
6. SSD disk
7. Riser and cable for connecting video cards to the motherboard

The main sale of cryptocurrency : Crypto-exchanges, exchangers.

Objective of the project:

Assembling and setting up 10 (ten) rigs of 186 Mh / s - total capacity 1860 Mh / s

Necessary working areas : Premises of 50-60 square meters (available).

Service staff : 1 person

Power consumption of electricity:

1 rig consumes approximately 840 W / h * 10 rigs = 8.4 kW / h

Consumption per day - 201.6 kW (10 rigs)

Consumption per month - 6048 kW (10 rigs)

Main settings:

Riga is constantly in 24/7 mode (works without interruption)

The productivity of 10 rigs on the " Ethereum " coin is 1860 Mh / s , which is equal to 0.003038 Btc / day.

0.09114 Btc per month, which is equivalent today - $ 4255

Thus, today we see the profitability of 10 rigs per month, excluding electricity costs.

Potential risks:

- Truss components may fail and will have to be replaced

- The break-even point is in the range of approximately $ 6,500 for 1 Btc , today the price of $ 48030 for 1 Btc and is unlikely to drop below $ 30,000 in the future, but will only grow (forecast until the end of 2021 and the beginning of 2022, the cost of Btc will increase to 100-120 thousand $).

- With any outcome, you can sell all the equipment, which will allow you to recoup investments, because equipment is in great demand in the miner market.

Calculation of the project profitability:

Initial investment $ 45,000

Income for 1 month - $ 4255 (today)

Net income minus electricity: 4255-373 = $ 3882 / month

Net annual income: 3882 * 12 = $ 46584

Based on the above calculations, for today we see that the payback comes in 12 months.

It should be understood that the calculations are based on annual averages and may be higher.

Business scaling:

Business scaling is almost limitless, the only limitation is power capacity.

In the future, with a positive attitude towards business development, the issue of purchasing an inexpensive industrial facility and installing solar panels on it for the required power consumption of rigs (farms) can be raised. This will require additional one-time investments, but will significantly reduce energy costs and profits will increase significantly.