My little Bitcoin experience – Asic mining

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This is equivalent to times the power of my Xeon server and it was really easy to install, running on a Raspberry Pi to simplify the usage. There are plenty of Asic solutions on the market but basically all are sold on second hand market like ebay, leboncoin. Actually the price of these device is growing with the bitcoin value and the margin on auctions seems to be better than the fixed price. Now the question is what can we found for what price.

Basically small is not efficient, it depends if you want to make money or having fun. At this day and this is subject to change regarding the bitcoin value. We bitcoin mining with the raspberry pi and antminer u1 for fun Asic bitcoin mining with the raspberry pi and antminer u1 for fun the following range:.

This price per GHs is basically strange as the more powefull solution are in fact more expensive. The reason is also the energy used. Now basically here is what you can expect as gain as this date per GHs from http: If bitcoin stays the same level you need to pay back your Mining machine with the difference. This will be false tomorrow: This is just to illustrate why the ASIC price is growing and obsolete hardware is actually searched by miners.

You may understand that mining is like stocks: Making personal assumptions and taking risk. So you have a lot of chance to loose all your investments…. As you can understand from previous chapter there is no return on invest and this is only for curiosity, fun and understanding.

It could make sense in a Miracle looking approach as described in my previous post eventually. So warning said, the question is how to get started with a such equipment.

You can simply plug it on a windows machine and download bfgminer to process hash like we have seen with cpu on the previous post. Personally I installed it on a raspberry Pi as it was more simple for me. Raspbian is having a bfgminer package included so you just need to.

My choice was slush: Basically the pool mine bitcoin and share the bitcoin between all the miners. The payment is on regular basis when it wins a mine so you win some nano-Bitcoin per hour of work. The system is predicting me a possible first payment… in 6 months. To be in the pool you just need to create an account, add a worker Asic unit and start mining with your asic.

Basically the bfgminer command line is:. Once start your raspberry will start to mine the blockchain. I am pretty much pleased with your good work.

You put really very helpful information. Looking to reading your next post. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email. This site uses Akismet to reduce spam. Bitcoin mining with the raspberry pi and antminer u1 for fun how your comment data is processed.

This post details this experience and gives some advices for one wanted to experience mining. Get your ASIC There are plenty of Asic solutions on the market but basically all are sold on second hand market like ebay, leboncoin. We found Asic in the following range: The calculation difficulty is growing and reducing the revenue: Basically the bfgminer command line is: Every time I started Sigfox Rf test first experience This morning, some colleagues helped me to test the rf performance of one of my sigfox tracker.

This is a regular discussion I have with prospect or with different business oriented people about producing electronics in developed This entry was posted in Technologies and tagged asicBitcoinblockchain.

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This article assumes a basic level of technical proficiency, and some degree of familiarity with the hardware used. Another interest of mine is the crypto-currency known as bitcoin. I think the entire idea is fascinating, from the cultural impact to the impressively complicated mathematics behind it.

First, my build was guided by an Adafruit project, but I found some things had to be modified to get it to work for me and this particular ASIC device. If you use the hardware in the Adafruit article you can just use their instructions to achieve the same result.

Check out the Adafruit Article Here! Check this out for a pretty good explanation: Bitcoin Mining Hardware — Vice. Step 1 Get your Pi set up with Raspbian. Raspberry Pi Quick-Start Guide. I bought and used this for my rig because I thought it looked cool, and I liked that I got to assemble it myself.

Adafruit has a wonderful tutorial on building and setting it up for basic use. Change this to the one provided by your pool if not using BitMinter Username: Change this to your username. BitMinter will accept any password, so most people just use an x. These tools are a great starting point, but the cgminer API implementation is a bit outdated. Adafruit mentioned they are using cgminer 3. I decided that I would play around with the python a bit myself, and make a dumbed down version that might be easier for novice python users to work with.

When you run this, the application will start and you will be returned to the console. That should activate the the LCD, and after a few seconds, should start reporting statistics from cgminer.

Setting these up to auto-start when the Pi starts The last step to this is to add both programs as startup applications. Remember to substitute the correct parameter values! Save the file, and reboot your Pi. Step 4 — Profit Not actually, you will net negative dollars. Thanks for stepping up and making these changes. I am getting an error when loading your PiMinerSimple file:. The requested URL returned error: I just tried it myself on a clean machine and it works, but I checked over at StackOverflow to see if that had happened to anyone else, Take a look at this: Does it work if you try using your username like the top answer suggests?

Let me know if I can help further, and good luck! Is there any different configuration, or will it work the same whether you have one Antminer plugged in, or several? I am getting an error when loading your PiMinerSimple file: HTTP request failed Any idea why? Iconic One Theme Powered by Wordpress.