Bitcoin mining and energy consumption

Re:Bitcoin mining and energy consumption by nate_robo on Friday December 08, 2017 @10:32AM (#15879340)

Slightly off topic but would it be an advantage to use a low energy miner such as a Raspberry Pi as a bitcoin miner, or would that just be a waste of time and yield fractions of a cent / a cent per day? Admittedly little knowledge on bitcoin mining

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Re:Bitcoin mining and energy consumption by nathan_f77 on Friday December 08, 2017 @11:14AM (#15879690)

Unfortunately, it hasn't been possible to mine Bitcoins on a regular computer (even a powerful one) for many years. If your laptop joined a mining pool in 2014, you would have earned around $0.20 USD per week, and you would spend much more than that on electricity. It's some tiny fraction of a cent now.

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Re:Bitcoin mining and energy consumption by OfficerGuac on Friday December 08, 2017 @10:54AM (#15879528)

Bitcoin is usually mined through mid-to-high end graphics cards. People running a pool of 6-7 of these cards per machine are seeing diminishing returns, so using a Pi wouldn't cover the electricity needed to keep it running.

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Re:Bitcoin mining and energy consumption by symmetricsaurus on Friday December 08, 2017 @11:25AM (#15879797)

Bitcoin is mined using ASICs, and not GPUs.

But, it’s true that mining using a raspberry pi would not be very useful.

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Re:Bitcoin mining and energy consumption by hesdeadjim on Friday December 08, 2017 @10:56AM (#15879540)

Beyond the novelty of doing it? No, completely not worth it.

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