Watch the video if you are having issues with the schematic. I go over everything there.

This is my interpretation of a high-output gold ingot farm. This farm produces 4,500 gold nuggets or 500 gold ingots per hour and uses a cobblestone generator that generates 180,000 cobblestone per hour. For those who care, the math goes as follows: 180,000 cobblestone turns into 180,000 gravel to 180,000 sand and 9,000 (5%) clay balls. The sand is washed into 45,000 (25%) clay balls, which are compacted into 13,500 (4 to 1) clay blocks. Those clay blocks are baked into terracotta, which is crushed into 13,500 red sand, which is washed into 4,500 (1/3) gold nuggets, and pressed into 500 (1/9) gold ingots.