The KraKen Triple miner is my latest build where I try to get the most out of the mining rig by using a more expensive CPU i7 7700 to mine Electroneum ETN or Monero XMR.
The KraKen Triple miner is my most ambitious mining rig yet which uses 8 GPUs as well as a high end CPU I& 7700 to mine Electroneum. At the time of the build GPUs were really expensive and hard to get. But since the video I have been able to get enough cash together to complete the whole rig. I will do an update to this rig in the coming days.
The big challenge which rigs this size is knowing exactly what size power supply size to buy.
In this video I used the AeroCool 850 and 750 watt power supply which wasn’t enough to power a full 8 set of graphics cards. But it got me started. In hindsight I probably should have gone for the 1600 watt EVGA power supply. However the prices of this power supply are massive so I tired to go cheaper. In the end the AeroCool 850 power supply failed on me so I took it back and got the 1200 watt Thermaltake Power supply.
Once the power supply’s were in it ran pretty well. Currently I have 7 x RX 570 cards and 1 x GTX 1070 card in the rig. And getting around 210 Mh/s of ETH mining and around 300 h/s of ETN mining. In the end I got rid of LBC Library mining as the coin had very low value and the power consumption goes up with the extra mining. I might move back to an Ethereum ETH, Decred DCR mining shortly once to market turns around.
This setup was and is very challenging. For newer miners I suggested starting with one card mining rig and then move to a 6 x GPU mining rig. Actually I think the best solution is 6 x mining rig and these will be the ones that I build in the future.
In this video I talk about Cryptocurrency Wallets and Exchanges. I use the website www.cryptocompare.com because I find it has allot of really good info on it if you are looking to find out more info on Cryptocurrency Wallets and Exchanges.
Once you find the Wallets menu on the site have a look through at the different types of wallets you can find.
The ones I talk about and use is Exodus.
The good thing about Exodus is that is supports a wide range of Cryptos. Bitcoin Ethereum Litecoin and other.
These wallets allow you to send and receive directly from your Computer. I use this wallet on my Windows computer. Also the wallet has a backup feature which is really cool.
Down side with the Exodus wallet is that it only works on one computer at once.
The tabs across the top of the Cyrptocompare website which allows you to filter the types of wallets. So for example if you wanted a wallet that was highly secure you would click the Secure tab.
Bitfinex exchange is the next thing I talk about. Once you have mined Cryptocurrency the next thing you can do with it is trade it on an Exchange. In this video I use Bitfinex as an example, see the picture below.
This is a good way to make extra coins but it also requires allot of patience. Which is something I struggle with! Also the other really good thing about exchanges is that you can trade your mined Crypto for different types of alt coins. Let say you have a good feeling about EOS then you would be able to Trade your mined earnings for the coin EOS.
So I show you how to setup your account and deposit your first coins into Bitfinex. I use it to mine my coins directly to the exchange saves me allot of hassle with gas fees from the myetherwallet wallet.
Well thanks for watching and reading guys I hope this one helps you out.