Yes, You Can Mine Cryptocurrency on Your Raspberry Pi

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Of course this is the perfect opportunity to show off what the Raspberry Pi can do by mining Bitcoins at rates comparable to the best graphics used in mining today. Raspberry pi 2 bitcoin hash rate today they lowered the price to 0. BTC is such a weird currency, going back and seeing comments like these. Also, if i were him, i would probably have gotten a different ASIC. I would also love to see this thing be more expandable. LOL it is january and i just payed 33 bucks for 32 ghash.

Just think, if another BitCoin-like crypto-currency rears its head then the richest people will be all those who have serious number crunching rigs — just load the new mining software and make a small fortune. Every currency even fiat currencies are backed by something which is mined. Bitcoin is not mined from nothing. The only people who really made a killing in bitcoins are those who started mining years ago. Bitcoin mining is raspberry pi 2 bitcoin hash rate for the system to work.

A system that did not involve and inflation based reward would have to put in place fees for processing transactions. Raspberry pi 2 bitcoin hash rate of these ASIC ones will do, though, since the new currency will be different. GPUs are general enough that you could change the algorithm, but these chips are custom-tailored for this exact protocol.

The amount of scams, some of them pretty facile, surrounding this whole business is immense. I hereby predict Bitcoin will go nowhere.

My equipment, which consists of 3 machines with 5 graphics cards each, has long since paid for itself. Thus their costs should go pretty quickly to the price of the cheapest game, and then roughly overnight to the price of electricity. Nevermind found it on the sidebar parts list here http: Jalapenos shipping today were ordered 12 months ago.

In about 4 years, the efficiency of doing sha-like hashes for an average computer savvy guy has increased over times. Bitcoin uses 2 rounds of SHA back to back, raspberry pi 2 bitcoin hash rate all these ASICs are optimized for that, making them effectively useless for any other cryptographic operations.

I still fail to understand how bitcoin mining is legal. Thinking about it that sounds like the Lottery. Bitcoins are legal for the same reason rare baseball cards are legal.

You could spend your time going through boxes and packages looking for the cards that people want and are willing to pay for, or you could spend your time looking through SHA hashes looking for the numbers that people want and are willing to pay for.

Bitcoins are premised in the labor theory of value, but their actual value stems from the fact that people believe they have value. Once upon a time tulips — yeah tulips — were the currency of fortunes in Holland. Amazing riches were had simply by trading in tulips. Then, one day suddenly — poof — no more market, fortunes lost. Bitcoin — hmm — even less tangible than tulips. It will be interesting what the future holds for this. Bitcoin is tangible in that it has scarcity. Anything which is scarce is typically valuable.

Tulips got replaced by gold standard followed by a fiat currency backed by the economic production of countries for that reason.

Please quote where I said I think it should be illegal. It really is not that hard to find tons of info in my post where I was asking why it is or is not illegal. Which law do you think bitcoin mining would break? Why would anyone want to make it illegal? Is it hurting anyone? Its just the currency is rigged from the start to bias towards those with the most computer power — and time to waste. Its like having a currency based on who can burn the most wood: Sounds about like the same as when steam-powered gold mining came about?

Any mining is biased by resources of miner. You can pan for gold in a stream or go full-boat into mining equipment. If you pan, nothing to loose, but not much to gain.

It might go big or the currency might crash. Different methods and means, same idea. Tradeable for other currencies based on a varying rate based on supply, demand, and other factors. Or maybe burning oil? The mining protocol forces those doing the mining to keep a log of all bitcoin transactions, and the mining angle just gives them the incentives to maintain the system.

That said unless BTC becomes more useful for buying stuff it may be in for an early grave. That said the third world may be moving toward BTC due to the inflation problem and we may be forced to move by weight of numbers when they abandown the USD. The law on what qualifies as a lottery is clear: It must have 3 things. Any less is generally referred to as a sweepstakes, and falls under far different legal jurisdiction.

Those 3 requirements are: Random Chance This is one thing bitcoins lack. A Prize This is why people care at all. I concede that you could argue the second, but the first is quite concrete: Raspberry pi 2 bitcoin hash rate are not raspberry pi 2 bitcoin hash rate lottery. But as there are thousands and thousands of people trying to find those hashes, the chances of YOU finding one are slim.

You raspberry pi 2 bitcoin hash rate a pool, you try to find a hash for the pool, but you have to share it with the pool if you find one, raspberry pi 2 bitcoin hash rate will share if someone else finds it. There are checks to keep everybody honest.

I played in slushpool with a GPU for a couple weeks recently, just to see. I operated in a pool. A RPi is about 4W http: A AC to 12v DC has about the same efficiency http: Most estimates agree that the block raspberry pi 2 bitcoin hash rate will never ROI even though the proce just moved down to.

But while the tech is a nice idea, the economic side looks a bit under-manned. Some of the richest men in the world are currency sharks. Even small-time hustlers seem to be fucking Bitcoin over day after day. Money is stupid, yet they are always printing more of it, and more of it, and more of it, and more …. And it is very stupid. But a currency can exist without it. While the amount of gold a dollar will buy will decrees as more money representing that gold is printed it still has physical backing in a item existing in the real wold.

Fiat currency has long stopped being back by gold, friend. The last time the dollar was pegged to the gold was Incidentally, this was the last time our gold reserve was audited. In Dollar We Trust, even though we owe more than 16 trillion and has 20 billion in gold reserve. I guess that would depend on which currency your talking about. Sure you can buy gold with usd, but the paper currency itself is no long backed by a gold bar. You would be even safer if you invested with with Madoff.

The guy was a genius and your money would be safe with him. Look at how many years he manages to make it all last. You want to pay or receive money anonymously. Also, in many cases political parties cannot accept significant anonymous donations: Or you can keep them raspberry pi 2 bitcoin hash rate your own wallet and access it from anywhere with da internetz.

An FPGA can be re-programmed at will. But these are ASICs. The circuits are designed for specific Bitcoin operations and will only ever do that. Without the asic to really know the hash rate, I can get about 35Ghz from my usb interrupter — each. At this rate I will be queen of the world of bitecoins and you can do what ever you like to know.

I have a blog at http: Does this rig still require a connection to a pc? I am looking for a way to build a small portable rig that could be implemented via wifi on street carts or food trucks that also accept Bitcoin as payment.

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As the total hashrate of the Bitcoin network continues to rise mining for Bitcoins using GPUs is quickly becoming obsolete. BTC Guild recently started reselling the Block Erupters as individual units eliminating the need to participate in a larger group buy which has made it much easier to purchase these tiny ASICS. You can also purchase them directly on Amazon , or you can buy some Bitcoins and buy them directly from BTC Guild , or on the Bitcoin auction site Bitmet as well.

This seemed like a cool use for the Pi and reason to get the soldering iron out so I decided to order the parts and put it together. Below is a list of all of the parts I used for this project. With a power requirement of only 2.

I ordered these from BTC Guild and received them in about a week. The Block Erupters use a passive heatsink for cooling. After running for a few minutes the heatsink gets extremely hot, you can easily burn your hand on them if you are not careful. The Arctic Breeze fan works good for this project since it has an adjustable gooseneck that allows it to be pointed where it is needed.

This fan is almost completely silent too, I can barely even notice it when is running. As I started researching this hub I found that many users reported issues with using the Raspberry Pi with the Anker hub. More specifically it seems that the Pi has issues enumerating USB 1. I decided to purchase this hub to avoid any potential compatibility issues and I can confirm that it does work well with the Pi.

There are quite a few different enclosure available for the Pi but the Adafruit Pi Box is a good fit for this project since the top portion of the case can be removed providing easy access to the GPIO pins on the Pi. Adding the LCD to this project is optional but besides being very cool it gives you an easy way to check on the status of the ASIC miners.

Adafruit provides some python code that displays several screens of information on the LCD such as hash rate, errors, current Bitcoin prices, and network difficulty. So if you plan to run these miners without a monitor connected to the Pi then the LCD makes perfect sense. I also enjoy soldering electronics so the fact that the LCD comes as a kit adds to the general fun level of the project for me. I ordered the RGP Positive kit which has a muli-colored backlight 7 different colors. The picture below shows what the entire board looks like after assembly.

The soldering difficulty level was pretty easy, the entire board took less than 30 minutes to build. Listing the number of devices and the hardware error rate. The cgminer monitoring script seems to occasionally crash which results in the LCD locking up. The monitoring script runs as a separate process so it does not stop cgminer from running when it dies. Aside from debugging the python script a simple solution would be to setup a cron job to periodically restart the script.

Are you using the Pi to control your Bitcoin mining system? If so do you have any tips to share? Leave a comment below to assist other miners. So Far my rig has been working well, no issues to report yet. I have a question: You mention a maximum of 48 ASICs. I seem to be able to run a maximum of 18 ASICs using three hubs. I should also mention that the hubs are not daisy chained although I have tried that — they are plugged into separate ports on a 7 port Manhattan USB 2. I would be interested in your thoughts, if you have any on the subject.

Thank you for your time and keep up the good work. The difficulty has been rapidly increasing over the last several months http: Overall this rig has been very stable and is still generating some small ammounts of BTC. Luckily I was able to get some of these USB Block Erupters early enough to earn some return before the difficulty rose too high.

As it stands today I would not recommend buying these Block Erupters since you will not be able to recover your investment. In fact they are being discontinued in anticipation of a newer model being released. This Raspberry Pi setup will work with any USB miner supported by cgminer so if a newer model comes out that looks profitable you can still apply the same concept. I recommend running the numbers through the Gensis Block Mining calculator http: I love your design and i plan to try it out for my self.

But i was wondering, is the lcd display and the extra components needed? The LCD display is completely optional, you can still do everything with out it. You can monitor the miner using a connected monitor, or run it headless once you have everything configured. This stuff is really interesting, but most miners wont disclose whether or not their rig is profitable, how much does this rig make or lose?

My wireless network has a password, how can I make the Edimax Nano Wireless Adapter can access the network with the same password? Adafruit has a pretty good tutorial on the Raspbian wifi setup with some screenshots. I have just ordered some more Erupters. Also what if i am not using a BTC pool , then should i be using their mining devices. I would just like to know is this all hooked up to a computer if so dose the computer have to be a powerful computer or could it just be a basic Mac mini.

Now are you able to use this setup for other e-currency like Dogecoins or anything? Or is it strictly Bitcoin? Unfortunately it will not work for Litecoins since they use a different algorithm scrypt. How do you get data from the miner client to display it on the LCD? Could you please post the script? Hello, can I mine btc now with this setup in And how much you make per day with this setup??

These have been retired since they would only earn micro pennies in todays extremely competitive mining environment. Bitmain makes some interesting hardware for those looking to mine with modern hardware www. Run the numbers through some of the online mining profitability calculators before making any decisions.

Cool setup though I have a question. Now bitcoin core is around Gb how did you over come that space issue? When mining via a Pool you do not need to download a local copy of the blockchain, simply point your miner at the pool and start mining. Thank you, I figured that out after I posted my question.

Very cool setup for learning the process for beginners. Raspberry Pi Model B. Edimax Nano Wireless Adapter.