23 Jun '13, 6pm

New post: the PiMiner #Bitcoin mining machine from @Adafruit.

New post: the PiMiner #Bitcoin mining machine from @Adafruit.

The Pi on its own isn’t an efficient Bitcoin miner; some people are using it as one, but more as an example of how mining works and a bit of a novelty than as a genuine way to raise funds. (If you’re going to be mining Bitcoins, you’ll fall into one of two groups: people who do it for fun and who don’t mind whether they make money or not; or people who take it very, very seriously and approach it as a business.) What you really need if you’re trying to make money out of the enterprise is a custom ASIC device, which has a much higher hashrate than something like the Pi. And it turns out that the Pi is a very cheap and efficient way to control and monitor devices which are better suited to mining Bitcoins – like the new, thumb-drive-sized ASIC Bitcoin miners that have started appearing on the market recently, which mine at a similar rate to a fast graphics card. Enter the Pi...

Full article: http://www.raspberrypi.org/archives/4243

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