BitCoin Mining


13 posts
by Bioshox » Tue Jan 22, 2013 7:48 am
Hi Guys

Has anybody tried BitCoin Mining?

I am using CPUMiner currently and it's working fine, anybody got any experiences, how many coins have you produced?

:D
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by RaTTuS » Tue Jan 22, 2013 7:53 am
it's a waste of energy and money especially on the RPi
http://www.catb.org/esr/faqs/smart-questions.html <- ask smart Questions
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by ghans » Tue Jan 22, 2013 8:06 am
I had exactly the same thoughts.


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by RaTTuS » Tue Jan 22, 2013 8:34 am
though you can run a wallet client on it
even a full node
just not good for mining on it
you may have moderate success running a miner for fgpa devices on it but the usb issues may cause you to loose work ...
http://www.catb.org/esr/faqs/smart-questions.html <- ask smart Questions
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by Tickle » Tue Jan 22, 2013 3:27 pm
BitCoin mining uses GPUs (due to their speed over the CPU), the GPU used in the Raspberry Pi is no where near the speed of the GPUs used in BitCoin mining. I thought about clustering the Pis and creating a bad ass Mining tool but the price and speed was not effective enough to justify clustering. If you want to get into BitCoin mining, research full sized GPUs.

My two cents: now that the reward for completion was cut, mining is not worth the electricity cost, or the price of GPUs.
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by klisetron » Mon Mar 25, 2013 12:51 am
.Just to recap; cpu mining is dead and mining w/ the RPi is even worse. GPU's have been the mainstream way to mine. Now that ASICS are starting to come into the wild the RPi might have more of a role in mining. Im trying that out with a BFL SC single. Plus $60+ for a Bitcoin is quite interesting despite reward halving.
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by jamesmd95 » Mon Mar 25, 2013 8:37 pm
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by ghans » Mon Mar 25, 2013 9:01 pm
Technically possible != sensible use of resources .


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by gazmandev » Tue Mar 26, 2013 1:28 am
So why bother clustering the Pi at all? Many people have. One guy at uni even went so far as using lego to hold over 50 of them... I highly doubt that's a sensible use of resources.

This could be an interesting way to learn about clustering linux machines. So long as you're not expecting to get rich (or even earn a bitcoin).

Sure, it's not a sensible use of resources. But at the end of the day, if someone has the money and the motivation, who are we to say it shouldn't be done?
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by tonyhughes » Tue Mar 26, 2013 1:36 am
gazmandev wrote:Sure, it's not a sensible use of resources. But at the end of the day, if someone has the money and the motivation, who are we to say it shouldn't be done?

You are of course correct, but the amount of people who jump on the forums (often with post counts <10) who want to mine bitcoins to make money, or cluster Pi's and run their browser faster on the clustered instance, or whatever, not using their own brainpower to search and/or put two and two together that effort won't equal reward, is sufficiently high that naysayers in such threads are actually performing a public service.

People who have the money and motivation, will generally get on and do it...

:)
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by gazmandev » Tue Mar 26, 2013 1:59 am
tonyhughes wrote:You are of course correct, but the amount of people who jump on the forums (often with post counts <10) who want to mine bitcoins to make money, or cluster Pi's and run their browser faster on the clustered instance, or whatever, not using their own brainpower to search and/or put two and two together that effort won't equal reward, is sufficiently high that naysayers in such threads are actually performing a public service.

People who have the money and motivation, will generally get on and do it...

:)


When you put it like that, I have to admit I agree :D
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by klisetron » Wed Mar 27, 2013 5:32 am
jamesmd95 wrote:It can be done!

http://forum.raspie.co.uk/viewtopic.php?id=6


I've gotten cgminer to run on my RPi with cpu-mining enabled just to test, it works but only at ~150Kh/s.
It's not worth it to mine on the cpu, not even with 1000 clustered together. however, hosting a FPGA or ASIC miner would make more logical sense due to the low power draw and basic function a host needs to have.
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by carloxic » Mon Apr 07, 2014 3:27 pm
Most of you might have forgotten about an obvious scenario: someone has a pi that must stay on all the time, and could be mining when it's idling.

Somehow this idea of questioning the OP's question "whether or not it makes sense" is everywhere now. Such bs... even if the intention is good... it's like every forum now wants to moderate what people do with their stuff. If he wants to build a cluster to mine bitcoins, that's his problem. Let him do it, let him learn.

Now the question here was *can you do it?*
F*ck yeah you can. But don't expect much.
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