This presentation is about world's hot trending topic known as "Cryptocurrency". This presentation covers a general knowledge about cryptocurrency, crypto coins, bitcoin, coin mining. It specifically shows people about how to start mining and what are the basic requirements.

1. A Bitcoin Mining Rig
Glitter Technology Ventures Pvt. Ltd.
Presented by : Nishchal Bhole

2. CONTENTS
o Introduction
o Objective/Motivation
o Bitcoin Transaction Workflow
o Architecture and Design
o System Requirements
o Coin Mining Proposal
o Constraints, Assumptions and Dependencies
o Conclusion and Future Scope
o Reference Material

3. Introduction
Cryptocurrency:
- A digital or virtual currency that uses cryptography for security.
- No physical appearance and generally called as “cryptocoins”.
- There exists many cryptocurrencies such as Bitcoin, Litecoin, Ethereum,
Monero etc.
- Has limit of creation.

4. Introduction(Contd...)
Bitcoin:
- A digital, decentralized cryptocurrency created in 2009 by Satoshi
Nakamoto.
- Abbreviated as “BTC”, or less frequently “XBT”.
- Total 21 Millions BTC will be created.
- Based on Blockchain technology.

5. Introduction(Contd...)
Blockchain technology:
- A continuously growing list of records which are linked and secured by
cryptography.
- Enables to carry out transactions of digital currency from one individual to
another.
- Consists of: 1. Private key cryptography
2. Peer-to-peer network
3. Platform(blockchain protocol)

6. Introduction(Contd...)
Blockchain Block Diagram

7. Introduction(Contd...)
Bitcoin Mining:
- Transaction information distributed within the bitcoin network is validated
and stored on the blockchain.
- Used to describe the processing and confirmation of payment on the
bitcoin network.
- Anyone can do mining by solving transactions with strong computational
power.
- Miners(users/clients of bitcoin) compete with each other.
- It is possible to online buy and sell bitcoins.

8. Introduction(Contd...)
Bitcoin Mining

9. Objective/ Motivation
Objective:
- To build a powerful mining rig and mine bitcoins.
Motivation:
- Observing the continuous growth in value of bitcoins and considering
its future scope.
- Desire to earn great profit.

10. Bitcoin Transaction Workflow

11. Architecture and Design
A Mining Rig Architecture

12. System Requirements
Operating System:
To start mining, you can use any of the following operating system that is
suitable for you:
● Windows OS(Win7/Win8/Win10)
● Linux OS
● MAC OS
Environment Required:
● An enough cool space for a set up(a room or a godown)
● Power supply at cheaper cost or solar panel electricity generator.
● High speed internet broadband connection.

13. System Requirements(Contd...)
Software Requirements:
● Standard Bitcoin Client: Enables your system to connect to internet and
interact with the bitcoin clients. (Ex.- Bitcoin Core).
● Bitcoin Mining Program: To start bitcoin mining. (Ex.- GUI Miner).
● Mining Pool: Join a suitable mining pool(Ex.- Slush’s
pool:mining.bitcoin.cz).
● Bitcoin Software Wallet: To store your earned. (Ex.- Multibit).
● Mining Calculator: To calculate your expected profit in mining process.
(Ex.- bitlockers.com/miningcalculator).
● Buy or Sell Bitcoins: www.coinbase.com

14. System Requirements(Contd...)
Hardware Requirements:
● Mining Motherboard: With sufficient number of PCI-Express slots.
● CPU: Intel’s Dual core, Quad core, Core i3/i5/i7 or pentium or celeron, etc.
● RAM: 8 GB and above.
● HDD: Minimum of 320GB and above.
● Keyboard, mouse, monitor: One piece each.
● Ethernet cable, nylon tags: As per your requirement.
● Graphics Processing Unit(GPU): Recommended to use GPUs of high hash rate.
● Power Supply Unit(PSU): 1000Watt for Motherboard and 1500Watt and above for
GPUs.
● PCI-E Riser cables:Equal to number of GPUs you are using.
● Cooling fans: Depending on your system size(number of GPUs).

15. Coin mining proposal
● Check out top 5,6 cryptocoins and start mining those to make mining
profitable. You can check the coin market at: www.coinmarketcap.com
● According to current scenario, you can start mining some of these coins:
○ Bitcoin
○ Ethereum
○ Bitcoin Cash
○ Litecoin
○ Dash, etc..
● First do detailed research for mining process and requirements of the
particular coin that you want to start mining.

16. Constraints, Assumptions and Dependencies
Constraints:
● Challenge of managing required environment.
● Getting hardware devices at affordable cost.
Assumptions:
● Availability of expert technical resources.
● Uninterrupted internet connection.
Dependencies:
● Continuous power supply.
● Efficient performance of hardware devices without failure.

17. Conclusion and Future Scope
As per the complete discussion in this presentation:
● Cryptocurrency- growing very fast throughout the world and will be
having a tremendous value in the upcoming future.
● Coin mining- it will turn into a better idea to start mining bitcoins or any
other coins from today.
● Mining rig- a person having more powerful mining rig will be having
owned large number of coins for himself.
● Converting a mining rig into a large mining farm in future will lead to a
great profit for a miner.
So, have a good luck and start mining soon!

18. Reference Material
1. https://bitcoin.org/en/
2. https://bitcointalk.org/en/
3. https://en.bitcoin.it/wiki/Comparison_of_mining_pools
4. https://www.coindesk.com/information/how-to-set-up-a-miner/
5. Mining hardware requirements

19. Thank
You !
Glitter Technology Ventures Pvt.Ltd.,
Nagpur, 440009.
Product Development and Solution Provider
www.glitterlabs.com
9730255246
INFO@GLITTERLABS.COM