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kylejcarlton 2021-11-26 16:15:53 -06:00
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title = "Mining Bitcoin with Pi - Part I"
date = 2015-08-15
[taxonomies]
tags = ["RaspberryPi", "Bitcoin", "Cryptocurrency"]
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In early 2013 I heard about Bitcoin and decided the best way to learn about it would be to start mining. If you don’t know anything about Bitcoin, check out the video below and [bitcoin.org](https://bitcoin.org/en/) for more.
I ordered the [Butterfly Labs](https://en.bitcoinwiki.org/wiki/Butterfly_Labs) 5 GH/s Miner in July of 2013 and actually received it in December 2013, ASIC mining was catching on like wildfire and they had a decent backlog of orders to fulfill. The most similar product they offer currently is a 10 GH/s miner. The miner connects as a peripheral via USB, so I started mining with it connected to my Windows 7 lap top using the EasyMiner Software. This reliance on my lap top to “drive” the miner wasn’t optimal, so I found a Linux based alternative that runs on Raspberry Pi called [MinePeon](https://minepeon.com/). Now I had a reliable hardware setup that required little maintenance and more importantly my lap top was free to roam.
{{ image(src="https://raw.githubusercontent.com/kylejcarlton/zola-theme-terminimal/master/img/ButterflyLabsMinerAndPi.png",
position="left") }}
Hardware in place, I decided to join a mining pool since my hash rate would be contributing such a small percentage of the entire Bitcoin network’s computing power. I joined BTC Guild, which has since shut down due to security and regulatory concerns. [P2Pool](http://p2pool.org/), [Eligius](http://eligius.st/~gateway/) and [BitMinter](https://bitminter.com/) are some mining pools still in existence. [This CoinDesk article](https://www.coindesk.com/information/get-started-mining-pools/) provides more information about mining pools. At this point I just sat back and let the miner burn electricity. Was I making a profit? Only time would tell. Next update I’ll summarize the profitability of mining with this hardware from December 2013 - July 2015.