Do you want to mine some bit???
Do you have a #Pi not being used??
Want to make profit with your idle #PI
Then lets start mine Some #Bit
In this article I will explain step by step to mine #Bitcoin by using your own #PI
Bitcoin start its journey in the year of 2009 , for huge media coverage the price of BIT risen-up like rocket speed .
Ways to get bitcoin :
1 . Dependent way
2 Independent way
In dependent way
You have to buy some from exchange (#You have to invest money )
Independent way
You can mine (Not mandatory to investment)
Transactions verifying process in the blockchain known as Mining.
For mining it's the basic thing to keep knowledge about #Blockchain . Transaction in #Blockchain is public view-able . This blockchain is the place where every bitcoin exchanged between users .
It's the process of self governed .Besides there is no central server.
Creating an Account
Some action you need to do
*You have to download a bitcoin wallet
*Have to create a pool account
*Set up paymentSet up workers
Setting Up the Raspberry Pi
Start with a fresh Raspbian install
If you plan on running more than one Bitcoin miner at the same time, it is best to use a powered USB hub. Take into account the power rating as mining will need a lot of power, as much as one mp per miner.
Required Libraries Installing
Dependencies are additional software, or libraries the program needs in order to compile properly, as it has been developed using them to make the software more efficient. Hopefully you will be seeing the Raspbian desktop, so double click on LXTerminaland type in the following:
** Sudo apt-get update
** Sudo apt-get install autoconf autogen libtool uthash-dev libjansson-dev libcurl4-openssl-dev libusb-dev libncurses-dev git-core –y
Once all the dependencies have been installed, now it is time to download and install BFGMiner, so type the following into LXTerminal. It’s normal for these to take a few minutes to complete so some patience is needed.
Following these steps will leave you with a very energy efficient bitcoin miner, as a Raspberry Pi only uses four watts of power, and a miner is typically 2.5W. Mining used to be done with computers consuming over 700W for the same process so to make a jump in savings helps repay the cost of the hardware we are using.
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://www.instructables.com/id/Bitcoin-Mining-using-Raspberry-Pi/