Questions
TagsHow can I set up a Raspberry Pi as a Bitcoin miner in 2017?
Lewis WeeksMar 19, 2022 · 3 years ago1 answersI want to use my Raspberry Pi to mine Bitcoin. Can you provide a step-by-step guide on how to set up a Raspberry Pi as a Bitcoin miner in 2017? What software and hardware do I need? How much can I expect to earn from mining Bitcoin with a Raspberry Pi?
1 answers
- Setting up a Raspberry Pi as a Bitcoin miner in 2017 requires a Raspberry Pi, a power supply, an SD card, and a USB hub. First, install an operating system like Raspbian on the SD card. Then, download and install a Bitcoin mining software like CGMiner or BFGMiner. Connect your Raspberry Pi to the internet and join a mining pool. Configure your mining software with the pool's details and start mining. However, keep in mind that mining Bitcoin with a Raspberry Pi is not profitable due to the low hash rate of the device. You may earn a few cents worth of Bitcoin, but the electricity costs may outweigh the earnings. It's more of a learning experience than a way to make money.Mar 19, 2022 · 3 years ago
Related questions
- 93
What are the tax implications of using cryptocurrency?
- 63
How does cryptocurrency affect my tax return?
- 58
Are there any special tax rules for crypto investors?
Load 5 more related questions
Related Tags
Hot Questions
- 93
What are the tax implications of using cryptocurrency?
- 63
How does cryptocurrency affect my tax return?
- 58
Are there any special tax rules for crypto investors?
- 47
How can I protect my digital assets from hackers?
- 45
What is the future of blockchain technology?
- 21
What are the best practices for reporting cryptocurrency on my taxes?
- 20
What are the best digital currencies to invest in right now?
- 19
How can I buy Bitcoin with a credit card?