Very first off, I know this postbode is a little late ter the spel spil it is becoming less profitable for amateurs to mine Bitcoins, and that there are more efficient ways to go about this. But I am writing this anyways for posterity’s sake spil I know for a fact there are people out there who have idle Raspberry Pis and are looking for a project. I’m sure there are also others like myself who are just looking to learn more about cryptocurrencies. To get began, here is our shopping list (if you are reading this, you very likely already own some of thesis items):
*Prices are subject to switch
**The Pi alone can not power one of thesis miners, a Powered USB HUB is mandatory to mine bitcoin.
Before wij setup the Mining software on the Pi wij need to setup a bitcoin wallet where wij will store the credit from the mining. There are uncountable options(Software, Web, Mobile) when it comes to setting up a bitcoin wallet. I’ve listed a few below but there are many more and each method has its own risks, fortunately bitcoin.org has a superb writeup on how to choose a wallet.
Multi-Bit – Quick and Lightweight Bitcoin Wallet
Bitcoin-QT – Takes a day or two to download
6gigs of Bitcoin Transactional Gegevens
Armory – Desktop Add-on Application
Presently the app store does not permit any bitcoin wallet applications.
Bitcoin Pooled Mining is the best way to get commenced mining. Pooled Mining permits numerous users to work together to “crack” a single bitcoin and then share the benefits fairly. Due to the competitive nature of mining, if you attempted to mine on your own it could be a long time before you successfully mined anything. Pooled Mining is a nice way to receive smaller and more regular payouts instead. For people with slower equipments, pooled mining might be the only way you everzwijn earn bitcoins.
Two Mining pools I recommend and have verified are:
The setup for both pools is straight forward. You create a username, password, and then worker credentials(for each mining device). You also add the bitcoin wallet address you created above to your pool so you receive bitcoin payments when you kasstuk the pool’s payout thresholds (usually around .01 BTC). It’s also recommended you sign up for numerous pools te case one practices technical difficulties, the software wij are about to install will switch if one goes down.
Installing Mine Peon the rPi
Now that wij have a bitcoin wallet and have joined a mining pool, Neil Fincham and his project Mine Peon makes getting the software running on the rPi fairly effortless. Mine Peon is an ARM Mining Verhoging that is built specifically for Raspberry Pi. It is built on Arch Linux and uses the popular cgminer and bfgminer for the mighty lifting. To get embarked, you simply download the latest photo here and burn it to your SD card.
If you are using Windows to flash your SD Card, I recommend using Win32DiskImager. This device can also be used after our initial setup to create an picture of our finalized implementation(very useful spil a backup).
For other operating systems, you can find a handy guide on flashing SD cards from eLinux.org here.
After the photo is flashed, you can boot your device. The very first boot takes about a minute spil it needs to generate the SSH keys, but future boots take only about Ten seconds. Use your router or keyboard/movie/mouse to find out the IP address of the rPi. The default username and password for SSH and for the WebUI are:
After the rPi has booted, you can navigate to Mine Peon’s handy WebUI by opening your browser and coming in the Raspberry Pi’s IP address. There you can insert the mining pool and worker information.
The best part about Mine Peon is that it automatically supports the USB mining devices, so you can be up and running ter a few minutes without having to worry about drivers/compatability issues. There are even handy graphs to check your stats!
For Further information on Mine Peon check out their installation guide here.
Are you going to get rich quick using the Raspberry Pi for bitcoin mining? Of course not. This tutorial wasgoed never meant to give that impression. But, could you potential recoup your investment costs and perhaps end up a duo bucks ahead after 6-12 months? Undoubtedly possible!
PS – If you have any questions about earning potential, profitability, or just basic setup, just add a comment below and I’d be glad to help! And if you get your rPi working and mining Bitcoin – Feel free to send a peak to my blog’s BTC address:
Thanks for reading!
Thanks for the guide, I might have to give Mine Peon a attempt. I’ve just bot using cgminer and PiMiner.py to monitor my Block Erupters on my Pi.
Have you had any issues with stability using Mine Peon?
I’ve only bot running 24 hours but so far none. One nice thing about btc guild is you can set up inactivity alerts.
Excellent article! I wasgoed attempting to find something to do with my Raspberry pi besides collecting dust. Would it possible to run Two ASICminer Erupters on one Pi device?
Thanks Mike. With the right number of powered USB Hubs, you can run 35-50 of thesis on 1 Pi Device. Just need to be careful with warmth.
Nice write up. You should add a display. It will display your hash rate and you can even display the exchange rate spil well. They are available assembled at PiMiners.com
Cool I’ll check it out. I just bought some more block erupters
You should make a note that the Pi itself cannot run the mining hardware when it is directly connected to the Pi…you voorwaarde use a powered hub. (I realize it is listed under “required hardware”.) But I wasgoed anxious to get up and running and wasgoed only getting 100% hardware errors until I switched to an outer powered hub.