Mining BTC with Pi - Part II

I mined a total of 0.24359921 Bitcoin (BTC) with the Raspberry Pi and Butterfly Labs 5 GH/s miner from December 17, 2013 - July 29, 2015.

Here’s a breakdown of costs:

  • Hardware = $390
  • Electricity = $571
  • Total = $961

Total cost of power over that period of approximately 14,136 hours was calculated assuming $0.19 / kWh by taking the average over a one year period. The power consumption was approximated by recording usage with a P3 Kill A Watt over a ten day period and interpolating linearly.

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Mining BTC with Pi - Part I

I first heard about Bitcoin in early 2013 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 for more.

I ordered the 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. Now I had a reliable hardware setup that required little maintenance and more importantly my lap top was free to roam.

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