![]() Bitcoin’s proof-of-work algorithm is quite simple and does not do *anything* of use, 2. Neither is “more encryption” added to the chain – whatever that was supposed to mean. Bitcoins are not “unlocked” and transactions are not “faciliated” by the computations. People like Nathaneal “don’t know how cryptography works apparently”. Posted in Raspberry Pi Tagged ASIC, bitcoin, raspberry pi Post navigation Think of Bitcoin mining as more of hobby, and you’ll hopefully be more realistic about your goals. You could cut that down to just a few months if you overclock your ASICMiner, but it’s still relatively late in the game for amateur Bitcoin miners to make a substantial amount of money. There are a few ancillary items such as a case and USB fan, but if you already have a Raspberry Pi, you’re only looking at a $50 USD investment to have a dedicated Bitcoin miner.Īccording to this Bitcoin mining profitability calculator, with a $50 investment that can mine at 330 MH/s, you’re looking at a hardware break even point of about 120 days. is using a Raspberry Pi, powered USB hub, and an ASICMiner Block Erupter to do Bitcoin mining at 330 Megahashes per second. has an interesting solution to this orphaned hardware – use it to mine Bitcoins and perhaps put a few extra bucks in your pocket at the end of the year. We’re sure a lot of people out there have a Raspberry Pi or two lying around waiting for a project to come to mind.
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