RATE Group | Can you mine cryptocurrency on the Raspberry Pi 3 B+?
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Can you mine cryptocurrency on the Raspberry Pi 3 B+?

14 Sep Can you mine cryptocurrency on the Raspberry Pi 3 B+?

Posted at 02:14h in Cryptocurrency News by

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Best answer: Yes you can mine cryptocurrency with a Raspberry Pi. However, it’s extremely difficult to turn any profit as the cost of electricity can outweigh the return due to the Raspberry Pi’s relatively low performance when calculating hashes.

Amazon: Raspberry Pi 3 B+ ($40)

An exercise in counterproductivity

Cryptocurrency is “mined” by calculating complex equations on a computer. Any modern computer — even a smartphone — can be used to mine coin, but the hard part is mining enough of it to make things worthwhile.

Cryptocurrency value usually works on two sliding scales; as more is mined it becomes tougher to mine more and the value increases. However, these scales aren’t equal and even though the value may skyrocket, the complexity of mining them has skyrocketed more. Today, mining popular cryptocurrencies like Bitcoin on a Raspberry Pi would cost more in electricity that you would earn in profit.

You could, in theory, mine newer coin that hasn’t become as popular. this…

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