Bitcoin and Crypto Mining Infrastructure Consulting
Bitcoin and crypto mining are probably the most talked about applications of blockchain technology. It seems like everyone has heard of someone who bought a few Bitcoins when they first came out and are now a Bitcoin millionaire! If you’ve found yourself thinking of whether to get into Bitcoin or other crypto currency mining, you can count on us to help you get up and running. Through developing and running our own crypto mining facility, we’ve got solutions and answers for your most pressing questions. Check out some of the different aspects we can help you with below.
How We Can Help
- Facilities Location and Design
- Energy Management
- Hardware Selection and Testing
- Supply and Value Chain Management
- Regulation Compliance
- Operations Security
- Industry Trend Analysis
- Mining Software Configuration and Maintenance
With our team of clean energy engineers, we have significant expertise in identifying power solutions for medium and large scale mining operations, and our research methods are investigative and comprehensive. Furthermore, our proprietary models, data sources, and extensive network connections allows us to distill practical knowledge in a dynamic industry.
How to Setup a Bitcoin Miner
Looking to get started in Bitcoin mining? Mining Bitcoin with one or two machines at home can be an easy way to possibly earn some extra income. Although, depending on your home electricity cost, and your noise-level preferences, mining at home can be troublesome. Nonetheless, ff you are keen, here are a few steps to get up and running:
Easy Bitcoin Mining Setup
- Buy an ASIC Bitcoin Miner. Use a site like Ebay to buy a Bitcoin ASIC miner. While there are few different brands of ASIC miners, Bitmain’s Antminer brand is pretty much the industry standard. Bitcoin mining on a typical home PC or even a gaming PC won’t be fast enough to earn a significant amount of Bitcoin, so ASICs are our hardware of choice.
- Setup a Bitcoin Wallet. Before you start mining, you will need to generate an account and wallet address on the Bitcoin network. This will give you a place to store and save any Bitcoin that you mine. You can also use this wallet to send and receive Bitcoin with others. There are many different Bitcoin wallet software available, find one you like and install it.
- Download mining software. Once you’ve received your miner, you’ll need to download and install a mining software for it to run. There are many to choose from but the most popular are CGminer, BFGminer and EasyMiner.
- Research and join a Bitcoin mining pool. Mining on a pool is recommended because you will earn a consistent income rather than mining solo. In a pool, you join a group of other miners and work together to mine blocks. When the group mines a block, you earn a share of the reward based on the proportion of work you contributed. Check out this resource for the best Bitcoin mining pools.
- Start mining! After you’ve generated your wallet address, and selected a pool to join, you can enter these details into your mining software and fire up your miner. Upon startup, the miner will connect to the pool you specified and any Bitcoin you earn will be sent directly to your wallet address!
How to Setup a Bitcoin Mining Farm
If you’re interested in scaling a Bitcoin mining operation into a farm or mine, there are many different challenges you will face. Large scale mines have the potential to mine much more Bitcoin as economies of scale can be achieved which can make your profit margins higher. However, the initial setup of a scale mine requires considerable forethought into how to configure your mining operation to become and stay profitable. Here is a list of initial considerations to think about.
- Mining hardware selection and acquisition
- Physical farm location and size
- Access to high voltage power
- Access to internet service
- High current AC electrical wiring specifications
- Ventilation, filtration and cooling systems
- Software configuration and management
- Maintenance and operations labour
- Financing and cost management
- Privacy and security policies management
After the planning stage is complete, it’s time to implement. Once you’ve come up with a plan to address these critical issues, you’re basically good to start building and setting up your mine. Once everything is built and setup, get to know your mining hardware and setup a local network that will connect each rig to a master node. From this node you can get software to configure and monitor your rigs from a convenient location.
Lastly, you’ll need to follow the steps outlined for setting up a single miner, but apply it to your whole mine setup. If you’re operating a scale mine, you should also choose a different pool than if you were a single miner as rewards and difficulty in each pool will vary.
New Kids on the Block?
Choosing the right blockchain consulting company can be hard, especially if you’re not familiar with the space or blockchain in general. Here are some of the key features and benefits of our Bitcoin and crypto mining infrastructure consulting service:
- Experienced professionals
- Personalized service
- World-class support
- Competitive pricing
- Money-back guarantee
- Custom mining infrastructure solutions
- Increased profitability
- Faster development timelines
- Lower risk mining introduction
Let’s do this Together
Ready to get started? We are! Fill out the form and let’s get this show on the road… We can’t wait to see what you’re planning on building.
Information provided by BIR or provided in a link on the website is to be used for information and educational purposes only. It is not intended to provide investment or other professional advice and should not be relied upon or regarded as a substitute for such advice. BIR recommends that you seek advice from a qualified professional advisor before acting on any information or content appearing in BIR materials, or linked to within BIR materials.