As we all know, Bitcoin has a scaling mining difficulty. In the beginning, you could mine it even with your old, trash 2004 machine, but now, it requires specialized hardware – ASICs. With altcoins, the deal is very similar. However, the difficulty remains much, much lower, and profitable mining operations with a mid-tier, modern GPU aren’t uncommon. Miners can also purchase dedicated mining GPU’s such as the Antminer G1 and G2 series.
What is Raspberry Pi, And How Can I Use it for Mining?
Raspberry Pi is a platform for embedded applications. Generally, low resource software, not very tasking on the hardware. Thus, the specs of a Pi aren’t too impressive. We’d think that in this case, mining with such a device could only net losses, unless we had years of free electricity. This is not the case.
A Raspberry Pi 3 can profitably mine Magicoin. A tech blogger NovaSpirit proves this in his YouTube video.
Once it was running, he was able to generate $0.20-$0.25 (USD equivalent) per day. Further, staking with Magicoin means that will eventually start to vest interest which will increase that revenue a bit further. It’s worth considering if you’ve got a spare Raspberry Pi collecting dust between projects.