Cryptocurrencies: the cure for corruption

OBVIOUS ADVICE: No Bitcoin, Bitcoin is not the only cryptocurrency there is. Minar is no longer profitable long ago. I’m going to talk about other cryptocurrencies that are profitable mining.

I will not go into details about concepts related to the crypto ecosystem because first it is not the objective of the article and second because if they are interested in mining cryptocurrencies it is understood that they know these concepts, otherwise they would be getting into a business that they do not understand and they would be assuming a huge risk.

Yes, it is a business. Even if they already have the necessary hardware they are making it available for a single task and it is an investment of time, electricity and equipment life.

In any case I am not responsible for any loss of money or time that you may have to follow my advice. I write about what I know but it is up to you to investigate on your own or trust me.


I start with a small theoretical explanation but not the whole article is going to be like that.

To understand how to make money by mining cryptocurrencies you must first understand what it is to mine.

It seems something as simple as making money with a computer, but it is not so, simply because the value is not created, only exchanges or units are issued that do not add up, but divide what it represents.

It is of these two forms that we can obtain value through a computer:

Exchanging : receiving monetary units as commission for our contribution, which is to offer computing power to execute the verification algorithm of a transaction with such received currency.

In Creole, our pc does the work of verifying a transaction and takes a commission for that work.

Since cryptocurrencies are decentralized, there is no system, server or central node that processes all transactions, but anyone has the opportunity to do so. In order to encourage this contribution to the network, these transaction fees were secondarily created.

Issuing : transactions are stored in blocks, which serve as a public record that these transactions existed and were verified as authentic by the miners. Verifying transactions is in turn participating in a mathematical career to find the solution to a cryptographic problem that requires brute force. Therefore, who can try more solutions per second is more likely to guess. For every block solved, more currency is issued and this issue goes to whoever solved the problem first.

This difficulty increases or decreases according to the total computing power of the network, that is, how much the miners are trying to solve this problem.

If it did not vary then the blocks would be mined faster than the defined average.

The probability of solving a block depends on the computing power, so how do you prevent mining from becoming monopolized by an entity with high power and high probabilities of solving the blocks?

In the same way that entity could be constituted, with investors.

For this, the “pools” were created, places where many people contribute their mining power and have the possibility of becoming an investor within a larger entity and more likely to solve the blocks acting as one instead of competing separately. . The reward is then distributed among all participants according to the power they contributed.

These pools are anonymous and free, anyone can belong to one no matter how small their contribution is.

It is called mining, alluding to gold mining, the most reliable and oldest valued material in the world.

It is known that there is a certain amount of gold in the world due to the fact that all material is finite, therefore, gold keeps a value relative to the quantities that were found of it. If I find a gold mine I will be rich, but the value of gold would fall in proportion to the new gold found that put in the market increased the supply.

In the same way, although it seems that Bitcoin works like the fiat money that is issued, it actually works like gold, since it is not emitted, but rather “discovered”. Its production was predefined from the beginning, only 21 million will be created. Therefore, it is a currency with a non-physical but finite backing, which prevents inflation.

Other cryptos or altcoins do not have a predefined broadcast but the term “mining” was established thanks to Bitcoin.


As in all pc what we need is:







Peripherals are not going to take into account because they really are not necessary, we will use them once to configure everything or every so often if we want to check something. The idea of ​​a mining team is that this 24/7 on and working full.

I recommend installing a remote access program like TeamViewer so we only have to connect peripherals a single time.

We are not going to use cabinets but rigs.

The rigs are PC cabinets without covering, that is, they only have the necessary supports to place the hardware. They are assembled in this way to avoid the accumulation of heat and to optimally position the GPUs.
They can be made of pvc pipe, aluminum tube or wood.
They can be closed with wood covered with fiberglass to suppress noise and to avoid heat you can make openings and place fans, although this can be done without the need to cover the rig.


Maybe they already have their pc and they are not thinking about investing money in arming themselves apart to mine, they just want to know how to mine with what they already have. However, they should know if their current PC is viable or not to mine, and in that case, if they are willing to make the investment, what components should be updated.

CPU : Nothing expensive, with it from the socket of the mother and have an acceptable speed serves. Nomás will run the operating system, a fan regulator and a remote access program if you like.

RAM : The same, that enters the mother. It will not run anything heavy so a 4GB safa.

HDD or SSD : We will not install almost anything so more than 50GB are fart, so it is advisable if we are going to build a team from 0 is to buy a small SSD so we do not waste money in the storage space and put it in the speed of the operating system. If you already have an HDD on your pc or one that does not use that, nothing happens.

MOTHER : Mainly what we are looking for is that it has the necessary number of PCI ports according to the GPUs that we are going to use. GPUs are the ones that run the mining program, so we’re going to put several, maybe not now but in the future, yes. The PCI ports can be x1 or x16, normally the motherboards do not have more than 1 x16 PCI port so to adapt the x1 to x16 we will use risers (x1 to x16 USB 3.0).

SOURCE : One of good brand. Just as we are going to buy a motherboard with many PCI ports in case we get to put more GPUs the source also has to be chosen according to this possibility. Although you can always buy another source and connect it only to the new GPUs. To not have a quilombo of cables that we will not use I recommend modular sources.

It should also be noted that the source has the necessary PCI-E connectors for the GPUs that we are going to install, in case they are used.


Separate section. Why ?, because the GPU is the heart of the mining team and therefore its choice is a bit more complex than the other components.

Three factors must be taken into account: the currency we are going to mine, the price / performance and the electricity consumption.

Although one would think that a more powerful GPU implies to mine more quickly this only applies within a same line of GPUs for certain currencies.

There are brands and lines that are better for certain currencies and others that are better for other currencies.

This is because, as we said, mining a currency is solving a cryptographic problem, and this problem is different in several currencies. Not all have the same, but many share it. Therefore, given the architecture of certain graphics cards, some will solve some algorithms faster than others.

Generally, Radeon cards are better for the ‘ethash’ algorithm that have the ETH, ETC, UBIQ and MUSIC cryptos, and secondarily they serve for ‘equihash’ of ZEC, ZCL and ZEN, with other algorithms the profitability goes down too much. While Nvidia performs for many more algorithms maintaining its high profitability, but are more expensive.

In the next section I will explain better how to choose a crypto to mine.

The price / performance of the GPU already depends on your budget. Maybe you are not willing to make a big investment at first, maybe you want to send everything.

Tip: consider the PCI slots and do not buy 2 GPUs that yield the same as 1.

In addition to this, supposing that two GPUs yield more or less the same for a certain currency, it will be necessary to pay attention to the electricity consumption.

Electricity consumption is important not only because this depends on the source you are going to buy but also because electricity is not free; if you are the one who pays you have to do the calculation of what it will cost you to keep this pc on 24/7 and if this cost is less than the profit that lets you do it, it is not a business that yields. Later I will explain how to do this exact calculation.

I leave the most used GPUs to mine so that they know where to start looking for info on prices:

RX 480

RX 580

R9 280x

GTX 1060

GTX 1070

GTX 1080

Tip 2 : You have to change the thermal paste of the GPUs with a good one every 3 months at least so that they do not die.

Tip 3 : Compressed air should also be passed every 1 month to clean the dust.


If you already have a GPU the thing is as easy as entering

tick your GPU and put in calculate.

You will see a list in descending order of the most profitable coins to mine.

If your GPU is not on the page you can be guided by the models that are there to make an approximation.

There is not the GTX 1050 but there is the 1060, for example.

There is not the HD 7950 but the Radeon all yield to the same cryptos.

To have security, there is nothing to do but look for info of people that mine these cryptos with your GPU or on their own, try to mine it yourself and see the performance.

If they do not have a GPU and want to see which one yields the most, buying the decision becomes somewhat more difficult because three factors that involve some financial knowledge must be considered.

In principle, the difficulty / price relationship.

Each coin has its difficulty and according to it we get more or less quantity of it when mining. But currencies are not worth the same in the market, so if we have to choose between two currencies with the same difficulty we should consider which one is worth more since the idea of ​​obtaining profit in cryptocurrencies is to be able to sell them in exchange for fiat money. In the same way if we see two coins that are worth the same we have to fix in the currency that is easier to mine.

But there’s a problem. Not all cryptocurrencies can be exchanged for dollars or pesos, only bitcoin. Therefore, the other cryptocurrencies are not sold for dollars or pesos, but for bitcoins. So in addition to setting the value of the currencies with respect to bitcoin we have to set the bitcoin value in the exchange in which we want to exchange it for our currency.

Second, you have to take the volume into account.

What is the use of mining 100 ZCL per day if your market only moves 50? We are going to have currency without being able to sell because nobody wants to buy such a quantity and we are going to have to lower the price to generate demand.

As much as we do not miss more than the total volume of a currency in a day (obviously not, we will never reach 0.0001%) this volume greatly influences the liquidity and price stability of the same. And if the price varies a lot, a coin that seemed to pay when you started mining is much less worth when you want to sell.

Here you have a page to set the volume in descending order of all the cryptos of the market : Crypto currencies Price

Knowing the above, the third aspect to take into account is the price speculation.

It is necessary to clarify that most pools allow you to remove the crypto units that have reached a certain amount and also charge a commission of this amount. Some allow you to accumulate larger amounts and then they do not charge you commission.

Taking into account that you will reach the minimum to withdraw in X days you have to speculate on how much the price of the crypto will be at that moment, it does not help to just know how much it is now.

And the commission is also relevant, because if you reach the minimum amount every 3 days and every 3 days when you withdraw they charge 2% commission that 2% in 1 month is transformed into 20%.

You can also wait 1 month and withdraw what you mined without commission, but who tells you if in a month the value of the currency will not fall by 30%?

Do you prefer to earn 20% less for the security that the price will not change in 3 days the same as in 1 month? Maybe you do well, maybe you do wrong because in the end the price goes up.

Therefore, we must have certain notions of trading to undermine and also follow prices a little.

An important fact is that you will get faster to the minimum amount to withdraw without commissions how much more mining power you have, since more units of currency sacás. That is, greater investment = lower risk ?, it seems that yes.

Of course, the more you move, the less liquid you have, and if you are mining a crypto that in itself has a low volume, this liquidity decreases even more.

Therefore, the logical thing, if you have a lot of capital to invest, is to find the balance between the expected return and the volume of the market. That or bancarte low liquidity by speculating that the currency in the future will break, that analysis I owe you.


It may seem that is not important but remember that mining is a business, and hardware is not an expense, it is an investment, the only expense we have is electricity, so it is worth analyzing the only expense of our business.

If you really do not intend to invest you can skip this section but it is worth knowing about electricity consumption if mining seems good business in the future.

I will give a practical example with Edesur, which is the company that I have contracted, but I will say what things to look for to apply the example to your company.

First, we will take our last electricity bill and we will see the latest rate chart of our company.

It seems that there are a thousand parameters to decide the price, but in reality each column is a different price according to our social situation.

In horizontal form several categories are seen according to our consumption and two lines are seen in each one, the fixed charge and the variable charge.

As their names indicate, one is fixed according to your category and another varies according to the electricity consumption of the month.

The main thing to do the calculation is to recognize in what tariff and category we are framed.

On the columns:

If you or someone in your house has a disease that makes it fit into the category of “electrodependent” is in these last columns that you have to look at, but ignore them. Although if this is the case you could skip this section since your mining team will not influence anything.

If the invoice is in the name of a retiree or someone else who can receive the social rate, we will take into account the Social Rate columns with savings and no savings.

If neither of these is your case, look at the column “Normal”, “save 10%” and “save 20%”.

On the lines:

Let’s start with the variable cost.

This is calculated according to the watts of our team. To make the exact account we have to find out the individual consumption of each component.

To give an example let’s say that:

CPU: 51W

RAM: 15W

HDD: 30W


GPU: 150W

TOTAL = 306W

(Specialized page: )

The W indicated are consumed per hour, so let’s multiply them by 24

306Wh * 24 = 7344Wh per day

and for 30

7344Wh * 30 = 220320Wh per month

1kWh = 1000Wh then 220320Wh = ( 220,320kWh )

In Tariff T1-R3 we see that the variable charge is expressed in $ / kWh and is 0.969

That is, 1kWh = $ 0.969

We had 220.320kWh so the variable charge is

220.320kWh * $ 0.969 = ( $ 213.49 )

The fixed charge would not add to the account unless you jump to another category or cancel a savings because we are going to pay anyway. But if we are in the tariff T1-R3 (326-400 kWh-month) consuming 350kWh and we add 220kWh making climbing to category R6 and making the fixed charge of $ 60 to $ 220 is something to take into account.

If jumping to another category, in addition to raising the fixed consumption increases the variable consumption would have to add to the account the added variable consumption of the whole house and that without your equipment would not have risen in category.

The same as to go up in category for consumption is to go up in category for savings. The fixed charge would not increase, but the variable charge would increase, for example, from $ 0,613 to $ 0,969, in the case of 20% savings.

If in addition to having savings (regardless of whether 10% or 20%) you have a Social Rate, the $ / kWh goes to 0.363. That is $ 80 of variable consumption.

I do not know how many months you would have to exceed the consumption to enter another category, but if the idea is to have your mining equipment 24/7 you have to consider that possibility.

After taking the account of all this we must add the tax charges. We will see them in the summary of the invoice.

In my case they are:

-Contribution: 6.4340%

-Provincial contribution: 0.6424%

-IVA: 21%

– Provincial tax: 10%

– Provincial fund: 5.5%

TOTAL: 43,5764%

This percentage applies to the fixed charge as well as to the variable charge (after the savings / social rate bonuses that may have been).

To close with a practical example I will present my case:

Rate T1 R3 with Social Rate and Savings.

Equipment consumption: 300Wh = 216kWh month

Variable charge: $ 0.363 x kWh = $ 78.40

Fixed charge: $ 60.71 (I do not qualify so I do not count it)

Taxes: 43,5764% = $ 34.16

Total: $ 112.56



There are people who use some Linux distro and know how to move in it but I recommend Windows 10 to have more comfort. In addition the legend says that it yields more to mine.

Fan control and overclocking:

I recommend the MSI Afterburner to configure the speed of the fans of the GPU / s, it is also very useful for overclocking.

Remote access : TeamViewer.

Bios modding : GPU-Z, AtiWinFlash and PolarisBiosEditor.

[I will not explain how to do bios modding or overclocking because it is different for each GPU, each one has its mods, its values, etc. I just clarify that it is a dangerous procedure that can increase performance up to 10% or 20% depending on the GPU but that reduces the useful life of the same in a similar proportion]

And most importantly, the mining software.

Each pool of each crypto has its software so I’m just going to explain how to configure the ETHM ethermine pool.

I anticipate that you will need a wallet of the currency that you want to mine.

In the case of ETH they can create it in:

The mining software that I use is Claymore’s Dual Ethereum GPU Miner, you can download the most updated version here:

They will download a .rar, unzip it, right click on the file “start.bat” and edit.

You will see the bat code that should be deleted and replaced by this






EthDcrMiner64.exe -epool -ewal <Your_Ethereum_Address>. <RigName> -epsw x

The lines of setx are not more than values ​​for the GPU, what we want to modify is this last line:

EthDcrMiner64.exe -epool -ewal <Your_Ethereum_Address>. <RigName> -epsw x


” EthDcrMiner64.exe ” is the mining program that is called to execute.

” -epool ” defines the pool server, which is …

” “, and which I recommend changing to ( for ping questions.

“- ewal ” defines the wallet where the ETH will be deposited, which will be …

” <Your_Ethereum_Address> ” This value must be replaced by the public address of your wallet, without the brackets.

” <RigName> ” defines the name of the worker, that is, of your team. You can put any name without brackets. It is used to differentiate different teams that mine for the same wallet.

” -epsw x ” we will not touch it.

Then the last line would become, for example, something like this:

EthDcrMiner64.exe -epool -ewal 0x6c0fcb151faa82e1fb3297bd2b860cd4c030bc18.equipominero -epsw x

Save the changes.

They keep the folder in a safe place and make a shortcut of the .bat on the desktop.

They already have their mining program set up.


Once we run the program, we will calculate how much it pays us to mine.

Many crazy things are going to appear and it’s going to be configured. After a few minutes we will pay attention to the celestial letters of the command lines that appear. They are going to say something like:

ETH – Total Speed: 21.567 Mh / s, Total Shares 0, Rejected 0, Time 00:01

21.567 Mh / s is the mining speed of our GPU.

This speed varies a lot so we’re going to need an average to do performance calculations. For this we are going to enter to:

And in the upper right, where it says “Adress” we will place the public address of our wallet.

A graph with three values ​​will appear:

-In blue the effective mh / s, that is, those that we saw in the console that vary a lot.

-In green the mh / s reported to the pool.

-In orange the average of total mh / s. This is the data that interests us.

At the beginning you will see that this data is anything, surely the orange line is at 0 and go ascending over time.

To have a realistic average we are going to leave the mining program running for a few hours until we see that the orange line no longer goes up. This can take up to a day.

Meanwhile, let’s pay attention to another command line in the mining software console, the violet.

You will say something like:

GPU0 t = 64C fan = 40%

If they have more than one GPU, they will appear several times on the same line.

This is nothing more than the temperature and speed of the GPU fans. Since we do not want the temperature to rise above 60 ° C, we are going to increase the speed of the fans with the MSI Afterburner. We open it by distilling the “car” in the fans, we put 60% for example and we give it to the tilde.

Surely they will hear that your PC is now making more noise.

We are playing with this value to ensure that the temperature remains below 60 ° C but the fans do not make much noise, it is not advisable to put them at 100%.

A stable value would be, for example:

GPU0 t = 59C fan = 60%


Once the mining software stabilized we will see the average hashrate in the box on the left, there are three values, the one we are interested in is the one on the right, the average.

Suppose it is 24 Mh / s

So let’s go to an ETH calculator like:

In Hashing Power we put 24 Mh / s and the other two inputs we leave them in 0 because the calculation of electricity consumption will be done separately.

The page itself throws in dollars what you would be earning on average with that hashrate, but is based on the price of exchange houses that we will not use. It is a good approximation, but if we want to do the exact calculation we have to see the exchange houses that we are going to use.

First we are going to grab the middle column of the ETH that the page tells us we are going to undermine the month. For example:


I recommend that the ETHs that mine pass them to Bittrex or Poloniex, which are exchanges of cryptocurrencies, that is, places where you can trade cryptocurrencies by cryptocurrencies.

We are going to trade ETH for BTC so we go, for example in Bittrex to:

We are going to see several things, and maybe they do not understand anything if they are not involved in trading. If you are interested in how to operate in depth on these platforms I recommend this course that teaches the basics, ignore the title that makes it seem scam

To make the calculation we want, we are going to take the LAST price below the Ethereum logo that can be, for example in


This is the price of ETH with respect to BTC, so multiplying the ETH we earn per month by this amount will give us the BTC we make per month.

0.51 * 0.09 = 0.0459 BTC per month

Here we can stop if our idea is only to mine and have BTC reservations, or even stop before and have ETH reservations.

If what we want to sell the BTC and receive in exchange pesos we will continue with the calculation.

[CLARIFICATION: This part in which I explain the sale of BTC is focused on Argentina]

We have two options: sell personally or through exchange houses.

If you want personally we are going to

we create an account, we put our price and we see the forms of payment that we want to accept.

But we can get into Facebook groups and do the same.

These methods are good for big sales, and it’s usually a face-to-face sale, cellular in one hand and prickly in the other. The btc are transferred, the confirmations are expected and the silver is delivered. I do not know if in this order because I never did it but something like that.

This form would be considered a black market. It is not illegal, but it is not regulated, so it is up to you to measure your tax situation.

If we want to sell through exchange houses, we will enter

A page that shows the purchase and sale prices of BTC of the main Argentine exchange houses.

In the part on the right we will see who is the TOP 1, that is, the one who buys the most expensive BTC.

It can be, for example, SatoshiTango .

Next we will indicate your price in pesos.

If the quote is, for example, 49,000.00 we will multiply it by the BTC we had:

0.0459 * 49000 = $ 2249.1 pesos per month .

I recommend you get an account in all the exchange houses that see not when they want to operate but days before they will need to verify your account, it may take time and when they can operate the quote has already changed.

This purchase price is normally by bank transfer.

If they are older and study, they can get the Galicia MOVE.

If they are older and work in white, a savings account could be opened.

If they are older and work in black they get screwed.

If they are older and do not do anything they are screwed.

If they are minors, they fuck too.

Well no, they can use the bank account of a relative, but then they should create the accounts in the exchange offices in the name of this person.

SatoshiTango has a cash service at home only for CABA that I do not know how it works but it would be interesting to check.

SatoshiTango and Xapo have debit cards that are recharged in bitcoins and can facilitate their extraction in ATMs.

Remember that these buying and selling prices vary over time, so they will not have more than the calculation of what mining would yield now. Sure for when they finish doing the accounts the price of something already changed.

To be sure about this matter, re-read the section CHOOSE A CRYPTOMONDE TO CRYPTOMINE


Do not think that the result of the new account is what they are going to charge per month, do not forget the electricity consumption expenses.

Mine, for example, was: $ 112.56

My profit was: $ 2249.1

Then I will really win: $ 2136.54

Let’s do some calculations to see how profitable the business is.

Example 1:

We buy a mining equipment from 0 that generates $ 2000 per month

We left $ 15000

It costs us a month in electricity about $ 300

ROI (Return on investment):


15000 / 2000-300 = 8.82352941176 (in this number of months we recovered our investment)

8.82352941176 * 30 = 264.7 (in this number of days we recover our investment)

Cost effectiveness:


(2000-300) * 100/15000 = ( 11.33% )

An 11.33% monthly return is not bad.

In 264 days we reach 100%, that is, we cover what we invest and from then on it is clean profit.

In general, if we invest in only one GPU, as in this example, we do badly because we are putting a large part of the investment in the rest of the components that do not contribute Mh / s.

Let’s go to a more realistic example.

Example 2:

We bought a mining equipment that generates $ 9300

We left $ 34000

It costs us $ 800 per month

(example taken from prices and performance of a rig with 4 RX 480)


34000 / 9300-800 = 4 ( months )

Cost effectiveness:

(9300-800) * 100/34000 = ( 25% )

If we already have our PC and we only want to invest in a GPU we will have an example like this.

Example 3

We bought an RX 480 that generates $ 2300

We got $ 6000

It costs us $ 104 per month (consumes 150w and we have the $ / kWh to 0.969)


6000 / 2300-104 = 2.73 months or 82 days .

Profitability :

(2300-104) * 100/6000 = ( 36.6% )

Of course, we should not underestimate pool fees .

In ethermine we can remove the mined when we reach 0.05 ETH with a 2% commission or with 0% commission when we reach 1 ETH.

If we want to withdraw the mined every 3 days, we will withdraw 10 times in a month, that is, a 20% commission on the final profitability.

In example 1 the profitability would fall from 11.33% to 9.06%

In example 2 from 25% to 20%

In Example 3 from 36.6% to 29.28%

If we want to wait to get to 1 ETH without commission

in example 1 it would take us 63 days,

in example 2 it would take us 13 days,

in example 3 it would take us 55 days.

(This account is done by seeing how many ETH we would be taking out for that profitability per day with the method that I mentioned in reverse)

Each day is a risk that adds up. Maybe the currency in that time will fall a lot of price, maybe rise.

If we are going to undermine and we do not want to assume that risk, we are going to have to eat the pool commissions, we will have to balance risk and loss.

If we do not want to pay these fees, we will have to do a technical analysis of the currency that we want to undermine. But keep in mind that the currency at first we chose for something, for the performance it gives us for our GPU, so if you plan to mine without commission this analysis should be done before investing even to know what currency we want to mine in a principle not only in terms of its performance but in the speculation of the price.

If they do not know anything about analysis, take the commissions. Every time they retire, they see again if the currency is still the most profitable to mine, if not they go on to another one.


-You can not play while you’re mining, you’re using all the power of your GPU. You will lower the performance of mining and above the game you will go all lageado.

-You can close the mining program, play and when you finish, open it again.

-You need an Internet connection to mine

-Integrated cards do not serve to undermine

-The time your pc is off will not undermine

-Your PC will not die because it is always on, but it will last less than if you use it 8 hours a day

-Mining does not use graphic processing to mine, so you can see quiet Netflix

-The pc can walk slow on your desktop, nothing happens

-How many more GPUs more noise

-In summer you will have to give more power to the fans or look for them to keep the equipment below 60 ° C

-No, you can not mine with your cell phone

-No, that’s faucets, it’s not mining

-Don’t trust is in cryptocurrency businesses that you see out there because most of them are Ponzi and others shit on you


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