#USB BLOCK ERUPTER FOR LITECOIN SIMULATOR#
#USB BLOCK ERUPTER FOR LITECOIN WINDOWS#
JohnU on Windows 98 For Spaceships? Not Quite!.Elliot Williams on Trying Out A 3D Printed Microscope Lens Adapter.Nicholas Sherlock on Trying Out A 3D Printed Microscope Lens Adapter.GMeyer on The Benefits Of Displacement Ventilation.OG on Retrotechtacular: 1990s CD Mastering Fit For A King.Poor fools are those who try to make a buck by investing $1000 of their savings in Bitcoin mining: How could they ever compete with a host of people each having $500000 to “spare” and who will gladly accept a loss of 25 or 30% of their investment for the sake of anonymity? - Just my BTC 0.02 … – Well, not quite, because the anomymity of Bitcoin attracts criminal organizations seeking to invest large amounts of looted capital and laundring the money by conceiling its origins.
If the guys from had promised a dollar for everyone who finds something “useful” the whole thing could have taken off like Bitcoin did. However, I had also appreciated an approach with some real value derived from the mining operations. I still can’t get over the “add more encryption” statement :) Sounds like a 5-year old said that. There is no cryptographic necessity for that. to prevent almost infinite inflation rates. The decision to artificially introduce the difficulty factor was made by the inventors of Bitcoin and is purely based on economic considerations, i.e. The whole Bitcoin network would function well even with an ever-constant difficulty of “1”. There is *no* inherent difficulty in the Bitcoin algorithm the “difficulty” of “mining” is purely artificial and defined by the majority of clients in the network. Bitcoin’s proof-of-work algorithm is quite simple and does not do *anything* of use, 2. Neither is “more encryption” added to the chain – whatever that was supposed to mean. Bitcoins are not “unlocked” and transactions are not “faciliated” by the computations. People like Nathaneal “don’t know how cryptography works apparently”. Posted in Raspberry Pi Tagged ASIC, bitcoin, raspberry pi Post navigation Think of Bitcoin mining as more of hobby, and you’ll hopefully be more realistic about your goals. You could cut that down to just a few months if you overclock your ASICMiner, but it’s still relatively late in the game for amateur Bitcoin miners to make a substantial amount of money. There are a few ancillary items such as a case and USB fan, but if you already have a Raspberry Pi, you’re only looking at a $50 USD investment to have a dedicated Bitcoin miner.Īccording to this Bitcoin mining profitability calculator, with a $50 investment that can mine at 330 MH/s, you’re looking at a hardware break even point of about 120 days. is using a Raspberry Pi, powered USB hub, and an ASICMiner Block Erupter to do Bitcoin mining at 330 Megahashes per second. has an interesting solution to this orphaned hardware – use it to mine Bitcoins and perhaps put a few extra bucks in your pocket at the end of the year. We’re sure a lot of people out there have a Raspberry Pi or two lying around waiting for a project to come to mind.
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