$10K and 15+Mhash Worth of Litecoin Mining Rigs

Here is just a brief overview of what goes into building these monstrosities. I am no expert at Crypto Currency Mining but these machines do fascinate me and I haven’t seen too many videos that really show off these systems. I certainly haven’t seen so many of them in one place either.

There are a combination of GPU in these systems and they are made up of:
R9 290’s – 280X’s – 270’s

All together they hash at about 15.2 Mega Hash a second

On the GPU they get to about 90 Degrees Celsius but temps emanating from the cards get to about 140 degrees Fahrenheit.

They are stored in the garage and have box fans blowing and exhausting air all around them.

What is Bitcoin Mining - Bitcoin Mining Explained (in laymans terms)

One of the most confusing concepts within Bitcoin on the whole, is the process of mining. The explanations to “what is bitcoin mining” often given on the news and in the media, is that bitcoin mining is the solving of complex mathematical problems. While this is the way that bitcoin mining works, it is not the purpose of bitcoin mining.

The purpose of bitcoin mining is threefold
1. Bitcoin mining is the processing of transactions
2. Bitcoin mining is a fair way to distribute new bitcoin wealth
3. Bitcoin mining secures the bitcoin network.

As of today it costs approximately 00 in electricity, and 00 in hardware, to mine a single block for a reward of 25 bitcoins. It is estimated that within 12 months, these figures will increase 10 fold.
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