Bitcoin Mining using Raspberry Pi
Want to mine some bitcoins? Want to earn for free? Have a pi not being used?
Then lets mine some bitcoins!
Step 1: What is BitCoin?
If you don’t know already, Bitcoin is a virtual currency set up in 2009. Bitcoin has grown in reputation over the past few years becoming a very popular as a method to pay for services over the internet. The value has rocketed recently thanks to the huge coverage in the media, for both positive and negative reasons.
There are two ways to get Bitcoin:
-Buying them from an exchange, which is the process of converting local currency to Bitcoin.
-Mining them. Mining is the process of verifying transactions in the blockchain.
As the whole of the Bitcoin system is decentralised, every transaction is publically viewable within what is called the blockchain. This blockchain contains every bitcoin exchanged between users so, as there is no central server, it has to be self governed. This is the job of the miners. http://www.instructables.com/