20.04.2024

How to properly scale a cryptocurrency mining farm in 2021?

At the moment, scaling a cryptocurrency mining farm is an urgent task for many miners.

First, cryptocurrency is growing now. At the time of this writing, the BTC rate reached $ 52,000, and ETH $ 1,900.

Secondly, cryptocurrency (coins such as BTC and some others) is a reliable way to preserve capital.

Scaling a farm properly should take place in several steps. First, you need to make a decision about new devices (and, accordingly, buy them), then organize a farm, and, finally, establish management. This article will guide you on how to deal with each of these steps.

Stage 1: equipment selection

By answering the following questions, you can choose new workers:

  1. What coin do you want to mine? If you are going to purchase ASICs, you need to start by choosing a coin to mine, because on these devices only those coins can be mined that belong to a specific algorithm. With rigs from GPU-video cards, everything is a little easier – they do not have such a limitation.
  2. What are the characteristics of the devices? Once you’ve decided on your coin, check out the specs for your potential devices. Find out all the details, but pay special attention to the level of energy consumption and power.
  3.  Are spare parts easy to get? By answering the first two questions, you will narrow down your list of potential workers. Now determine if it is easy to get spare parts for the rest. Choose those devices that can be quickly repaired if something happens – otherwise you may face the problem of long equipment downtime and loss of income if something breaks. Also determine if there is a service center in your city (or country) that repairs your possible devices.
  4. How much do workers cost? Check out the pricing for potential devices. The cost of equipment can play an important role in the selection, because the price of equipment is usually quite high.
  5. What is the return on investment for the devices? So, the list of potential workers has been reduced as much as possible – now determine the payback of each device. How long will it take? Consider device hashrate, power consumption, and cost to estimate ROI. Also be aware of the future ETH transition to PoS. In the coming days, the final transition will not occur, but when the changes take effect, the need for devices for mining will disappear. Will your devices have time to pay off? Consider this if you want to mine ETH.
  6. Where are you planning to mine? To scale your farm, you probably plan to buy more than one device, but several. Perhaps even a few dozen. Your budget is a critical factor when it comes to deciding how many devices you need. But you also need to decide where exactly you plan to mine, because the choice of premises may entail certain restrictions. For example, you want to mine cryptocurrency at home. Do you have free space for new devices? And if so, how many rigs will it fit?

Stage 2: organizing the farm

So, you have acquired the required number of new workers. Now it’s time to move on to the next stage – to the correct organization of the farm.

Take care of the power supply

Poor wiring can cause fire! See an electrician if you are unsure of your skills!

To maintain power while avoiding overloads and downtime, follow these two guidelines:

  • Buy a separate fuse for your workers

If you use the same fuse (circuit breaker) for both workers and household appliances, it can lead to overload. The reason is that household appliances do not need energy all the time, but from time to time. So if, while mining, you suddenly turn on, for example, the air conditioner, the result may be an overload of the fuse.

  • Don’t load the fuse 100%

To minimize the chance of overloading, it is recommended to reserve 5% or 10% as a reserve. To determine the value of 100%, you need to divide the power by the voltage. Let’s say your worker is consuming 950 watts. The voltage is 220 V. Dividing 950 by 220 gives 4.318. This value is 100% load and should be avoided. Now let’s determine the maximum allowable load in case of 10% reserve. Divide 4.318 by 100, multiply the result by 10 – we get 0.4318. Then we subtract 0.4318 from 4.318, we get 3.886. This is the desired result.

It is also recommended to keep an extra fuse and cable. This will come in handy if you want to make your farm even bigger in the future.

Organize your network connection

The best option is to use a cable connection – it is the most reliable option and will avoid sudden connection loss issues.

In second place in terms of reliability is Wi-Fi. But it is better to refuse other options like 4G.

Provide ventilation

The consumed energy is almost completely converted into heat by the workers. To avoid overheating, it is necessary to properly organize the ventilation of the room. To do this, follow these steps:

  • Place your mining devices so that there is free space between them.
  • Keep your room doors open. If possible, also keep windows open.
  • Install a fan (or fans). When buying, pay attention to CFM (cubic feet per minute). This is the amount of air that the device sends out per minute. Choose a fan that has a CFM greater than the total CFM of your workers (or is at the same level).
  • Aim the fan so that the air flow blows heat away from the workers and expels it out of the room.

Control the temperature

Installing air conditioners can help lower the room temperature, but it also comes with a challenge – for example, you have to hire a technician to install it. However, there is a way to avoid these complications and still keep the temperature of the workers under control.

The monitoring and control system Hive OS will cope with this – it has an autofan function. It controls the coolers automatically, and thus maintains the desired temperature of the video cards. If you bought an ASIC, the Hiveon ASIC firmware will come in handy. Thanks to the temperature controller, mining will stop when a critical point is reached.

Reduce your electricity consumption

By using Hive OS or Hiveon ASIC, you will also be able to reduce your power consumption – which means you will pay less for your electricity.

Also, with the help of Hive OS, you can configure your workers in such a way that they will switch between undervolting and overclocking modes automatically. This is useful if you can pay less for electricity at night.

Stage 3: optimization of control

optimization of mining farm management

It would seem that the more devices, the more difficult it is to manage the farm. But it is not so. Using  Hive OS will make managing your farm and monitoring workers convenient and easy.

  • Hive OS official website: https://hiveos.farm
  • Promo code for crediting 10 USD to the balance of Hive OS: MINING-CRYPTO (specify during registration)

Here are some of the things you can do with Hive OS:

  • Bulk install devices and manage up to 200,000 workers at the same time.
  • Scheduled device management.
  • Monitoring statistics for each individual worker and the entire farm.
  • Temperature monitoring of devices.
  • Using tags (this will help divide workers into groups if necessary).
  • Instant switching between wallets, pools and miners using flight sheets.
  • Receive notifications on Discord or Telegram.
  • Monitoring and managing workers using a mobile application.

By following these guidelines, you will be able to cope with all the steps of scaling your farm without any problems. The most important thing is to make the right choice of devices. Be aware of the future transition of ETH to PoS, and be very careful.

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