My project is already underway, but I thought it would be a great idea for the community here to get behind and help get it growing faster. As you can tell from the title, I am trying to build a small mining farm from scratch. I had no money to invest in hardware, which I'll talk about later, yet my project is starting to take shape and might actually pay some bills someday.
So far the progress is slow going, but here is what I've done so far. I started off mining some cheap, easy assets with my GPU, which was not impressive at all. The Radeon R7 250 is not much of a miner, but it did the job well enough that after a few months and a lucky bump in the market at the time, I was able to buy a couple Gridseed ASIC miners. I used those for about a month and now with those profits I got 2 more.
My plan is to mine 3 crypto-currencies at once with a single computer for the most efficiency, eventually setting up multiple rigs that will turn a decent profit
- The Gridseed miners can keep going on scrypt based coins (Litecoin) and I'd like to have at least 10 of them going at once on each rig.
- I'd like to upgrade my GPU, even better would be to get a better motherboard to run multiple GPU's. This isn't the most efficient way to mine though so it isn't a top priority.
- I'm also planning to purchase a few external hard drives to mine proof of capacity currencies (like Burstcoin) to maximize the earning potential of each rig.
- To top it all off I'd like to get a few solar panels to reduce energy costs for more profit
The best part about this project is every little bit helps a lot.
So why am I doing this?
I just want to live on my own terms and not be a burden on my family.
To be more specific; I'm a cancer survivor (Hodgkin's Lymphoma; diagnosed March 2008) and my body is taking a nose dive from the long term effects of treatment. Not only is disability a nightmare to get on in the first place, but I don't want to be dependent on the government if I can help it. I run a small business completely by myself, but someday I won't be able to. Getting treatment to stay alive took everything I had, so I'm only able to invest what I earn from the project itself.
I would appreciate any help I can get.
Steem Dream- Building a Crypto-Currency Mining Farm From Scratch