Many cryptocurrency projects either started out as Proof of Stake or are trending in that direction. So, the elephant in the room remains Bitcoin. It still has to be mined and there are still roughly 2 million bitcoins left to be mined.
Are you interested in mining some BTC for yourself?
If you have a Raspberry Pi, you may be wondering, “Can I use it to mine bitcoin?” Fortunately, this small computer can do the job well. There are several ways to mine bitcoin (and other cryptos) on a Raspberry Pi, including with the use of a powered USB hub.
Let’s dive in and check it out!
Bitcoin mining on a Raspberry Pi
The Raspberry Pi is a tiny computer that is perfect for Bitcoin mining. It is fast, inexpensive, and has plenty of RAM. It is also very secure. You can use a password to protect your account. You can find a list of Linux commands here. There’s also a free cheat sheet that will help you through the process. If you’re looking for a more comprehensive guide, we recommend “Master your Raspberry Pi in 30 Days”, which will take you from beginner to expert in a month.
To run more than one Bitcoin miner, you’ll need a powered USB hub and they’re available on Amazon. After you install the miner, you need to convert the source code into a binary file. BFGMiner is one such program. However, it requires a lot of dependencies.
Before you begin mining, you’ll need a Raspberry Pi and a Bitcoin wallet. You’ll also need to join a bitcoin pool. This will allow you to deposit and withdraw Bitcoins. Once you’ve completed the process, you’ll be rewarded with a small amount of Bitcoin.