ok...is it a matter of price of the device? because i looked into it more and found one for roughly 50 dollars with 63 Gh/s(its a ANTMINER U3 machine but i highly doubt ill get 63 Gh/s) thank you both for the repliespanik wrote:Technically it will work. Have a look at bfgminer, cfgminer, or minepeon for example. They can all run on the Pi.
It's fun to build and watch it work, but do NOT expect to earn your money back. Not even when you're lucky in your pool.
Its not a device price issue, Bitcoin mining has become so popular that the price of a Bitcoin has dropped drastically.thedigi321 wrote: ok...is it a matter of price of the device? because i looked into it more and found one for roughly 50 dollars with 63 Gh/s(its a ANTMINER U3 machine but i highly doubt ill get 63 Gh/s) thank you both for the replies
mikey32094 wrote:Last I remember, bitcoin was already at a point that even a big fast computer with a great GPU would still burn through almost more electricity than the money it generated. I think this plan is several years too late, unfortunately :-\
As an interested aside, the value created for miners is in capturing a wedge of the ever-shrinking "new" bitcoin market. It's been quite enlightening to see the effects surrounding the emergence of something parallel to currency that can be used as currency.BMS Doug wrote: A Bitcoin now costs so little that even the most efficient Bitcoin miners barely make a profit over the cost of the energy cost of producing the Bitcoin.
If you don't need the $50 for food or rent, by all means go ahead. It's a fun project.thedigi321 wrote:ok...is it a matter of price of the device? because i looked into it more and found one for roughly 50 dollars with 63 Gh/s(its a ANTMINER U3 machine but i highly doubt ill get 63 Gh/s) thank you both for the replies
so put it in the next town over? XDpanik wrote: If you don't need the $50 for food or rent, by all means go ahead. It's a fun project.
Just manage your expectations, that's all. Another thing; it's probably really noisy, so you'll not want it near where you work, live or sleep.
Brilliant advice. Applies to any other currencies, stocks and commodities. Which has bankrupted many over the centuries.The best way to make money on Bitcoin with a Pi is by trading it.
Sounds so simple. Anyone could do it.Buy when it's low, sell when it's high.
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Usage: minerd [OPTIONS] Options: -a, --algo=ALGO specify the algorithm to use scrypt scrypt(1024, 1, 1) (default) scrypt:N scrypt(N, 1, 1) sha256d SHA-256d -o, --url=URL URL of mining server -O, --userpass=U:P username:password pair for mining server -u, --user=USERNAME username for mining server -p, --pass=PASSWORD password for mining server --cert=FILE certificate for mining server using SSL -x, --proxy=[PROTOCOL://]HOST[:PORT] connect through a proxy -t, --threads=N number of miner threads (default: number of processors) -r, --retries=N number of times to retry if a network call fails (default: retry indefinitely) -R, --retry-pause=N time to pause between retries, in seconds (default: 30) -T, --timeout=N timeout for long polling, in seconds (default: none) -s, --scantime=N upper bound on time spent scanning current work when long polling is unavailable, in seconds (default: 5) --coinbase-addr=ADDR payout address for solo mining --coinbase-sig=TEXT data to insert in the coinbase when possible --no-longpoll disable long polling support --no-getwork disable getwork support --no-gbt disable getblocktemplate support --no-stratum disable X-Stratum support --no-redirect ignore requests to change the URL of the mining server -q, --quiet disable per-thread hashmeter output -D, --debug enable debug output -P, --protocol-dump verbose dump of protocol-level activities -S, --syslog use system log for output messages -B, --background run the miner in the background --benchmark run in offline benchmark mode -c, --config=FILE load a JSON-format configuration file -V, --version display version information and exit -h, --help display this help text and exit
And one of the first things you learn is how futile it is. I worked for several days to get 5 machines online running cpuminer and realized if I ran them for 20 years I might make one litecoin worth $12. Something like solar powered ASICs are about the only thing feasible. If it were easy it wouldn't be a currency. Mining difficulty, by design, increases with the number of coins mined. Energy costs increase. Technology costs decrease but a multi-ASIC mining rig isn't something in much demand so nobody puts much money into improving them. Look at megahashes per second per watt. When you get much over 0.3 Mh/sec you need forced air cooling and it goes downhill from there. Without that though you might spend a lifetime making one coin.#!/bin/bash
./minerd -o stratum+tcp://us.litecoinpool.org:3333 -O ab1jx.3:3
Last I'd heard he's dropped the 2-chip BF16 Compac idea though, isn't planning to make them. Just the BF16 pods, and maybe boards to retrofit old Antminers like the S1/S3/S5.Depending on the efficiency of your power source, and how much power is
eaten by fans, 0.08J/GH should be attainable.
The expected hash/power of a 2-chip BF16 Compac is from approximately 30GH
at 2.5W up to approximately 130GH at 15W.