I Built an Ethereum Mining Rig in 2020 for Under $1,000

Ethereum mining in 2020 can still be profitable.

Bitcoin Binge
Oct 4 · 10 min read

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Surprisingly, I never got into mining until now.

Why Build a Mining Rig in 2020?

You can only do so much reading and chatting about crypto though until you find yourself looking for another, more tangible, way to get involved. GPU mining revealed itself as that more tangible action I could take.

The GPU Ethereum mining rig is a way for me to be a more active participant in cryptocurrency.

What Is a GPU Mining Rig?

A GPU mining rig is a specialized computer built for the sole purpose of mining cryptocurrencies.

Currently, Ethereum uses a proof of work (PoW) system.

The good thing about a GPU mining rig is that it can adapt and you can mine a variety of altcoins — not just Ethereum.

Is Mining Ethereum Profitable?

GPU mining can still be profitable in 2020. It’s not what is used to be, but it’s another way to earn more crypto over time with a set amount of money. Plus, you can likely build out your rig over time to increase your return.

Cryptocurrency mining profits aren’t what they used to be.

While it’s not going to make the individual miner rich, GPU mining is another way to take a fixed amount of money, and instead of just buying the equivalent to that amount of crypto with it, you put it to work to ultimately earn more than that set amount over time.

What Do You Need for the Rig?

Before we get into a parts list, there’s plenty of other things to consider before you start GPU mining at home.

Now, a basic parts list. I’ll include links to what I bought.

So, This Is Gpu Mining — Now What?

Get creative with it and know that you can start small. It IS possible to GPU mine cryptocurrencies at a reasonable price point in 2020. You won’t become wealthy by it, but you’ll feel accomplished and more involved.

There’s a satisfaction that comes with building a GPU mining rig.

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Bitcoin Binge

Written by

Writing about bitcoin and its broader impact. Currently working in traditional financial services and teaching bitcoin @ BitcoinBinge.com.

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Bitcoin Binge

Written by

Writing about bitcoin and its broader impact. Currently working in traditional financial services and teaching bitcoin @ BitcoinBinge.com.

The Capital

A publishing platform for professionals in business, finance, and tech

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