Mine Cryptocurrency On Raspberry Pi

Mine cryptocurrency on raspberry pi

Bitcoin falls sharply after another cryptocurrency exchange is hacked

Its 2019 and your Raspberry Pi is sitting in the corner. You haven’t used it much since your last project and you are ready to do more with it.

Mine cryptocurrency on raspberry pi

Why not mine a CPU only or low difficulty coin? Sure you won’t get rich, but you’ll have some crypto to trade around and learn about compiling miners and how to use exchanges and how to use mining pools.

Mine cryptocurrency on raspberry pi

The Pi also uses a very small amount of power.

 

Allow me to introduce to MagiCoin at https://www.m-core.org/

 

Magi coin uses a POW/POS system but with a bit of a twist. As they put it “MAGI concentrates on global energy savings when maintaining its blockchain system.

Mine cryptocurrency on raspberry pi

MAGI aims at worldwide mining based on, for example, mobile devices. MAGI’s PoW with difficulty dependent mining rewards applies a limit to the total network hashrate, where huge amount of computational power for mining is no longer necessary”

This makes it the perfect target for mining with that old Raspberry Pi you just have lying around.

Click here to watch the YouTube tutorial

To get started install Ubuntu or Debian or Raspbian on your Raspberry Pi 2 or 3 and connect to it via ssh.

To begin make sure you have the latest software

 

Next we need some deps to complete the compile of the Magicoin Miner

 

Lets make a directory so we know where the miner is to be located

 

Then clone the Github Repo

 

 

Now we just need to compile the miner to get to hashing.

 

 

 

Now that you’re mining away, check out this cooling fan  kit we sell to help keep those temps down.

Mine cryptocurrency on raspberry pi

Get 5% off with code “hashrate”

 

 

This might take a while but when it is done you’ll be ready to earn some Magicoin.

The next step is to find a pool, personally I use https://pom.m-hash.com/ They have a limit of 250K/hs so its great for slow miners

The next step is to start a screen session so that even after we disconnect from SSH the Pi continues mining.

 

 

Now its time to hash away!

To start mining

 

 

To detach from the screen session after verifying its mining,

To reconnect, use

 

Magi is also POS so if you set up the official wallet you can begin staking coins, if you mine enough, or buy a few extra. If you just want to sell or buy Magicoin you can do that here.

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Categories: altcoins, Cryptocurrency, mining

Tags: 2019, magicoin, mine, mining, Raspberry Pi