Raspberry Pi 2 – Can It Revolutionize Bitcoin Mining?

Quite recently, an increasing number of miners and hackers have begun to examine the technological capability of the Raspberry Pi 2, by using it to mine bitcoins or process transaction on the Bitcoin blockchain.

Sourced through Scoop.it from: www.newsbtc.com

Once BFGMiner is installed, (Raspberry Pi 2’s relatively large ram memory and high processing power can handle several miner software such as BFGMiner, a modular ASIC/FPGA featuring monitoring and remote interface capabilities.) users can start mining by providing necessary command lines provided by most bitcoin mining pools including Slush’s pool.  Compared to other alternatives, the Raspberry Pi 2 is a, as it only uses four watts of power, while normal computers consume over 700 watts for the same operation.

Users may connect several Raspberry Pi 2 computers together to increase the mining speed, or plug in ASIC miners into the single board to optimize the mining process.  However, replicating the 21 Bitcoin Computer has been a challenge – Many developers have also discovered different methods to implement the infrastructure and protocol of 21 Inc to replicate the operations of a 21 Bitcoin Computer. While Raspberry Pi 2 could be used as an efficient bitcoin mining device, 21 Inc CEO Balaji Srinivasan explains that it is ineffective to use the device as a Bitcoin Computer. Furthermore, Balaji announced that the team will start to ban developers from replicating 21 Bitcoin Computers with the Raspberry Pi 2.

See on Scoop.itInternet of Things – Technology focus

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