How to Mine With the Raspberry Pi

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Mining hubs are a fantastic way to start mining Bitcoin, and the Raspberry Pi is a usb-powered motherboard that can help you do just that. This device needs only a micro-usb cable, a powered USB hub, and SD card to store it’s operating system in order to operate as a Bitcoin miner. In order to actually start mining with the Pi, users will require a ASICMiner such as the Erupter (336/Mhs). The Raspberry Pi will not make a lot of Bitcoin, but it will be enough to get you your initial investment back and familiarise yourself with using miners. It’s also affordable and a bit of a novelty, which is the primary selling point of this machine.

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Create Bitcoin Wallet and a Pool Worker Account

First, you’ll need a place to store the Bitcoins that you earn. There are many online wallets that you can choose from, and several of them come with handy features such as apps. How you choose your wallet should be based on your level of experience with Bitcoin and the level of support you need for certain functions.

Pools are a collection of people that work together in order to mine Bitcoins. If you haven’t set up a pool account, you should create one next. Within the pool, you can also create worker accounts to individually monitor each miner in case one fails. This will come in handy if you use multiple miners on your Raspberry Pi.

Related: Two Main Reasons Why Not to Mine Bitcoins with ASIC Miner

Install the OS on the Raspberry Pi

You can choose to install an operating system onto the Pi with Linux, Mac or Windows. For beginners you’ll want to set up either Raspbian on Linux or use or a Windows ARM. First, you’ll need to connect your SD card and install the system. In the case of windows, to simplify things and save you the trouble of installing additional libraries, consider using Mine Peon, an ARM Mining Platform that is built specifically for the Pi. It runs off the popular cgminer and bfgminer Bitcoin programs. Since it supports USB mining devices, you won’t have to worry about drivers/compatibility issues. All you need to do is flash your SD card with an app such as Win32DiskImager and access the webUI to find out the IP address of your Raspberry Pi. After you access it, simply enter the mining pool and worker information and get started.

The Raspberry is only an example of what you can do with a USB hub in order to mine Bitcoin, and you will likely only be seeing it generate a few pennies worth of Bitcoin in a day. However, this is more than enough for a beginner who just wants to take a look at how miners work. It’s simple to set up and cheap to boot.

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