Cryptocurrency Mining on a Raspberry Pi (it's me) - BEST HELIUM MINER

Cryptocurrency Mining on a Raspberry Pi (it’s fun….trust me)

Can you actually mind cryptocurrencyon this little raspberry pie? Yeah. Yeah, you can. But should youthough? Yes. Yes, you should. But is it fruitful? Not accurately, but don’t don’t want that this wayas you please, because in this video, I’m going to show you how to minecryptocurrency on this little credit card sized computer, a raspberrypie, and it’s fun. Not merely is it just coolto say you’ve done this, but you’ll learn a tonabout cryptocurrency andcryptocurrency mining along the way. So now we go. This has beenon my container roll for a long time. Let’s turn this little guy intoa cryptocurrency mining machine. The first real quick, I got aquestion for you are eligible to the mas, which is where basicallyeverything is on the internet. All our services can the mas behacked? Yeah, of course it can be spoofed. The cloud is not a safe placeunless you make it safe. 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Now, first I got to say this, we will not be mining any of the bigcryptocurrencies like Bitcoin or Ethereum. Those people are out and I’llexplain why here in a moment, but we’ll be mining is acryptocurrency called Monero, which is Esperanto forcoin. Little fun fact there, coffee break for the merriment information, Monero is a pretty well-known coinand it’s all about assure anonymous transactions.So it hasa pretty cool use case. And it’s the excellent coinof mine with a raspberry PI, but Y we’ll cover that here in a moment, but first let’s talk aboutwhat you need for this project. At the priorities in our directory is a raspberry PIand that’s pretty much all you’re going to need. And for this you’ll wanta raspberry PI three or four, either one will work, but obviouslyfour is better cause he demand more strength. And then like every raspberry PIproject you’ll need an SD card, power supply SD card book, and last, but certainly not least a solidcup of coffee there real quick. Before we dive in and go crazy with this, let’s talk about why we’re doingMinero over BTC or Ethereum.And also why are we even cryptomining and what is crypto mining? Now, if you already know all thisstuff, go ahead and skip forward. I’ve got timestampsbelow, but if you don’t, let’s talk a little more about Monero. Now the simple rebut as to whywe’re not mining Bitcoin or Ethereum, is that it’s just too stinking heart. Our little raspberry PI would just notbe able to do it.He couldn’t cut it, but Monero, he can do that. It’s easier. Now let’s talk about whatcrypto mining actually symbolizes. Crypto mining is all about supportingthe blockchain. What does that aim? Let’s talk about it. So one cool thing about cryptocurrencyand actually one of the main cool things about it is that I can send moneyto you without involving a bank, which traditionally it ever involvesa bank, but not with crypto daylight. I can send Ben one Bitcoin and I don’thave to involve Zelle chase bank of America or anybody, whichBen you’re welcome.One. Bitcoin’s a crazy amount of money.What is it? 66,000 right now, $67,000 for one Bitcoin. I hopeyou’re watching this right now. And it’s at a hundred thousand. Let meknow if it is comment below regardless. Now again , ordinarily a bank would have to be usedto keep track of that event, but with crypto, Nope , no bank, butthen who preserves track of it? Everybody, everyone involved with thiscryptocurrency prevents line of it. It’s decentralized. All of us keep track of allthe transactions with thiscurrency and we write it down and our diary, ourjournal, it’s not a journal, but it kind of is thisdiary or journal is called.The blockchain will generatea hash of this transaction, various kinds of like a label and identifier. And we’ll lump that altogether with abunch of other events all around the same time. And we’ll group those into a block andthen we’ll chain another block to that. And another block to that, get onto the block order. And “ve been thinking about” that for a second.This blockchain, this ledger, this cryptocurrency diarycontains every single transaction ever for that cryptocurrency.You can look at it right now and seeeverything that’s been done with Bitcoin. Since the Dawn of era, everyonecan see it and you can’t remained unchanged. So for forever, forever, everyone knows. I transported Ben one Bitcoin andthat can never be changed. And to make sure that can’t bechanged or manipulated with or spoofed, that’s where we come in the minors.We make sure the blockchain is safe. That’s how we support theblockchain.We self-assured it. Let me demonstrate you the minershave a pretty big job. Their job is to add newblocks to the blockchain, but this right here is hard to beable to add a block to the blockchain. You have to have a tremendous amount ofcomputing power and you have to be fast and kind of lucky. Let me do ahigh level walk through real quick. Cause it is super, super in depthand deep. What actually happens now. And I can’t start that deepright now, but high level, here we go back to me and Ben, Ben, I’mfeeling super generous today, crony. I’m going to send you yeah, youguessed it another Bitcoin. So boom. I route Ben another Bitcoin, anothertransaction. There “theres going”. Ben, this transaction is then advertised outto the Bitcoin network to the Bitcoin nodes to be verified.And onceverified, it will be placed in a kitty. This fund or remembering puddle is like awaiting room. It’s like a supporting expanse. Holding tank. These little transactions are waitingfor their chance to be written to the blockchain and to be remembered forever. But what are they waiting onwhile they’re waiting on us? They’re waiting on the adolescents. She’s the miner’s chore to go outand gather these transactions and threw them inside a block and a write itto the blockchain easier said than done chump. Here’s what we have to dothough. Written into the blockchain. The planned is a puzzle, acryptographic hash riddle. Then the child us, if we can solve that next cryptographichash mystify and the blockchain, if we can figure it out the fastestand we’re the first one to do it, then we get the reputations of addingthe next block to the blockchain. We’ll immerse our hands into the memorypool and draw out some deals that are waiting patiently.Put them inside a block and contribute themto the blockchain. And guess what? We are rewarded handsomelyfor our efforts. If you do get to add a blockto the blockchain in Bitcoin, you are reinforced with how many, let me Google it real quick. And this will change by the way you honored it with 6.25 Bitcoin, which equates to $ 421,000. As of the recording of this video. Whew, easy enough right now let’s get rich. No, it’s not that easy obviously, right? Because here’s why we’re not the onlyminer out there. If well dude, we wouldn’t be ready. The question is there are a ton ofother parties emulating to do this, a ton of other parties tryingto solve the same puzzle. There’s only one right answer.And they’re all vie for it. Now how you to resolve this problem. It’sa very complex numerical troubles. Simply large-scale math, big-hearted math. How you do that is with bruteforce approximating our child, our raspberry PI is just going to guessas many times as it can to solve the problem.One , no two , no three , no four , no five. No. And it does this over and over andover until it gets the right answer and whoever gets the answer, thefastest will win. Now again, there’s a lot more that goes into this.A bunch of more spell that happens. Trust me, it’s magic. And if youwant me to make another video, deep diving into how thisworks, let me know.But for now, just know that in order to add a blockto the blockchain and get that remuneration, you have to solve a really, really hard math problem. And you have to be the quickest to get it on. And that’s exactly why theraspberry PI cannot be used to mine, Bitcoin or Ethereum or any ofthose big name cryptocurrencies. And with currencies likeBitcoin and Ethereum, we’ve got a couple of things workingagainst the americans and our poor little tart. First, the more miners there are, the more difficult it is tosolve this crypto puzzle. The impediment will actuallyincrease the more miners there are. And Bitcoin and Ethereum are two ofthe most popular cryptos out there.And there are a bunchof beings quarrying them. And these people don’tjust call raspberry pies. They use crazy things likemassive. GPU’s like 30 nineties. They also use things announced Asics, which are specialized computersand inventions that are built. Our purpose made to mine Bitcoin. Andthey do it faster than anybody else. Let me demonstrate you a popularbrand is ant miner. And this beast is determination designedto do one thing.Mine, Bitcoin, it’s all the things aboutbreathing and quarrying Bitcoin, and it doesn’t come cheap ,$ 12,000. Are you kidding me? It’s going to be a $ 35 raspberrypie any days of the week. Right now there are data centers, precisely chock full of these machines. More strong than this. Evenconstantly mining for Bitcoin, constantly guessing the answer tothat crypto puzzle. And you know what? They’re going to end up win the block, reward the chance to actually write thatnext block to the blockchain more than we are.In reality, we’ll never ever geta chance with this little puny guy. So now let’s talk about Monero andwhy it’s better for us than Bitcoin or Ethereum Monero. Doesn’t like Asics. They think it’s bad for theblockchain. And it actually is. You ensure blockchain technologiesare all about this. Centralizing the see of the currencyand the problem we’re ascertaining right now with all these crazy powerful Asics isthat people can fill their data centers with one tonne of these Asics. Like I’m talking like one company or oneperson and they can start to get more limitation over what gets added tothe blockchain than anyone else.It becomes more centralized. They getto add more blocks than anybody else. It becomes unfair. And right now, no one can really mind Bitcoin, unless you get something crazy. Like thoseant miners, but mineral said , no , no , no. We’re not doing that.When you’re mining Bitcoin, you’re going to use their algorithm, which is the SHA 2 56 algorithm Minerohas their own as announced random X. And they built into theiralgorithm, ACEs prevention, basically procreating it to where if youtried to obligate them an arrow with an ASIC, it wouldn’t be worth it.How’s that work. I don’t know. That’s that dres that’s up here for me. You interpret Minero’s goal was tomake it to where anyone can mine. Monero NEPC even something small-scale, like a raspberry PI and thismakes it to where their plan, their blockchain is more decentralizedwhere much more people have a chance to write a block to the blockchain. I simply, one more thing before we jumpinto actually how to do this, this whole thing with how Bitcoinallows miners to do things in Minero and Ethereum, this process iscalled proof of work.And again, there’s much more to it thanwhat I talked about here, but just know that’s what this is called. And it involves our computers solvingvery complex, cryptographic, math, dilemmas, hash puzzles, and racingto get the right answer. So anyways, that was a quick rundown on how quickthat was of cryptocurrency mining. Let me know what you thoughtof that below. Regardless. Now time to crypto mine on this raspberryPI and we’re going to remind Monero and the process is actually prettyquick and painless. And frankly, I’m sickened at thislittle guy’s performance. So let’s do after a immediate coffeebreak there’s was a lot of crypto explaining.I think I earnedthat one anyways. Now we go. Oh, and too the block reward for XMR orMonero. That’s what it’s called. XMR coin. That’s its abbreviation. When youget to add a block to the blockchain, that’s going to be 1.16 XMR which equates to about 300 horses at the time, thisrecording I’ll stop there. Don’t even “ve been thinking about” it. No, you’re not going to be making about 300 bucks with your raspberry PI doing this at least not anytime soon.I’ll explain later, okay.The first few stepsinvolve cooking our tart. This will be a typicalraspberry pie setup. Now we will be using raspberry PI iOS, but we’re going to be using 64 fragment. That’s are necessary to that. We’re going to have to go out to and download it there. Likenes. I’ve got the link belowin the specific characteristics. It’s going to be raspberryPI iOS daybreak arm 64. And we’ll collect the latestone right here for you. That might be differentdepending on when you are at. So I’ll click on that and clickon that zip file to download bam. It was this person right here.You might need a coffee break. This will take a moment. Okay.Mine took a time. Anyways, we get a zip file here. I’ll go ahead and open that folderor open that file instead unzip it, obtain all. And in that foldershould be our idol. Perfect. Now let’s grab our SD card, kept itinside our micro SD card. USB reader. There “theres going”. And I’ll be right back. Cool. Mine is in my computer now tolaunch our raspberry PI imager. This is my recommended tool to writestuff to your SD card associate below anyways, prefer ROS. We’re going to scroll downto the very foot and do implementation custom. Cause we’ve got a customer west we’regoing to use and we’ll find that datum. We time download it. Here’sthat folder.There’s the idol. Reservoir ALS bullseye arm 64 light-footed open I’ll opt my storage. I’ve got a massive SD card. I don’t knowwhy. And then hold on. Not fairly more. Click on controller, alteration X to open our super secret menuso we can do our headless install anyways, where you click on enable it. And Avalon I’m learning Frenchenable SSH put in the password for your PI user. And then down here we’ll enablewifi and configure our wifi. Unless you’re doing hardwired, thenthat will be different for you. Our wifi set up password defined. I’m allgood to go. I’m gonna click on save then. Right? And then yes.And let it do its thing. Hopefully doesn’t take too long thistime. I’m going to do a quick chocolate. We previously downloaded our stuff.Yeah, it’s going pretty quick. Yep. That was pretty quick. Okay, cool. It’sdone. It’ll see give you right back.We’ll do the SD card out of ourreader. Throw that into a raspberry PI oh, come on work. All privilege, now we go. And then plug in some dominance and go.Now we’re going to wait for it to boot. And while it’s make that, I’m going to go log into my router soI can see the latest DHCP IP address close at hand out. Because probably going tobe this guy.It’ll be his IP address. If you don’t have Ubiquiti, your router will search different andtheir recollection is to not, 1 8, 2. Let’s see, I Peter’s are going touse, sorry. We’ll hopped up on coffee, like always anyways. So we’re goingto opening our terminal openings. It’ll be CMD, Mac or Linuxwill be terminal. And thenwe’ll log into our machine. Command will be SSH. hi @tendotseven. eight two orwhatever your IP address is getting logged in here character in yes.Intoyour password. And we’re in. Yes. Okay. Let’s do this thing leading. Let’s turn this beast into a wellcrypto mining monster. First let’s update. Our repositories commandwill be sudo apt modernize. It should be fairly quick.She’s going to go out there, update us storehouse list and stuff. We’re solid now to install our pre-recsor the things we need to make this thing run command is sudo apt set, and then I’ll copy a assortment of stuffwe’re going to throw in there. Again. Dictation is likely to be below andgo missile. Take a moment. Just chill or imbibe some coffeeor tea or whatever you go. Cool. That was pretty fast. All title, now we’re going to use come, I’m gonna paste the dominate in here. I’llwait. Did I get wise? Okay, now we go.There we go. We’re going to use, get to pull down this program. XMR IgG or XM rig roll clonethat storehouse bam cloned. And then we’re going to change directoryinto that index by doing CD space X M rigging we’re in now, we’re goingto make a new directory in KTA. Our constructed. We’ll assure the endto that directory CD build. Now we’re going to install a programby building it from the source, which is pretty cool. The firstcommand is likely to be C compile, and to that that’ll be really fastdone and not for the long area sort in become. That’s it smack penetrate andtake a long coffee break. Sorry I’m doing, you can track yourprogress over here on the left. And it was our percentages over hereanyways, in a bit. Okay. Mine is done. That made a time, butanyways, we are ready to go. Like that’s done now with justone command. Just one command. We can turn this person into a miningmachine, but hold out real quick.There is one more thing we haveto do. I roughly forgot. Remember, we’ll be quarrying the cryptocurrency Monero, which means we’ll begaining some XMR coin. That’s what it looks like now in orderfor us to thoughts that cryptocurrency, they have to be able to give it to usand the highway you receive cryptocurrency, keep it, buy it. Whatever is bystoring that sucker into a wallet.Now, instead of a regular pouch, like you put in your pocket, it’s going to be a digital wallet outthere on the interwebs or somewhere safe. You have a lot of options forwallets, but for this example, time to get you going and make this fast, let’s walk through creating one right now. If we go out to getting at a link below, we will go to downloads and clickon, well, we have a few alternatives here, but I’ll just get the gooey wallet.Causeit’ll be simple. So for me right now, I’ve got openings. So I’ll click on that 64 fleck installerthat I click on it to install and it’s going to install likeany other windows app, you know the drill next next Iaccept. Yeah, next, next, next, next. And install and finish. I’ll go ahead and find that onmy computer and start that. And it’s called gooey purse. Yeah, there it is. It’s called GUI wallet. And if you want to find it, I’m goingto allow it to reach the outside. That’d be fine. Continue. Andthen we’ll exactly do simple state. You can change this at any time, but justfor this example, let’s get you going. So I’ll click on that box. I understand next we’ll create anew wallet name or whatever you want store it wherever you require. And thenright here, you want to back up this, this is your pneumonic seed. This is how every crypto walletis backed up and rebuild us.If you ever have to restore this wallet, you’re going to use this. So make that, write it down physically, somewhereon a piece of paper and click on next. Put a password in for it, clickon next. And then we’re good. Click on initiate wallet and then put inthat same password you had before. Boom, we’ve got a wallet for our, uh, Minero for our mining. Uh, once more access I’llallow it. It’s subside up.We’re going to wait on that tofinish. So if you want to have coffee, break-dance something , nowit’s still synchronizing, but we can go ahead and is advancing. What we’re gonna do now is clickon the accounting invoice right here. And then right here, you’ll see youraccount. And that is your wallet address. We’re going to need that. So go ahead and click on the print iconthe very far right? Just have that handy. And now we’re ready to start mining andyou’re gonna learn a few things now as “theres going”. So sort in this command or copyand paste, whatever you want to do, but make sure you fill in yourinformation.If you want to use my billfold, address more ability to you. Regardless, put x M rig. That’s ourapplication. We’re going to be using it. We’ll time a scoot O or tick oh gap. And we’ll specify the pool or themining kitty we’re going to be using. Now the one I want to demonstrate hereand I’ll justify what I want now to bunked or what that is. But what Iwant to use is Gulf dot Minero, colon 1 0 1 2 8. Now you’re probablywondering what the junk is, a mining pond and why are weusing one? Here’s the thing, even though that quarrying Monero issignificantly easier at the mining BTC or Ethereum, it’s still very, verydifficult for a minuscule child raspberry pie.Like if we just tried to Maya, Mineroon our own with just this one device, we would never watch any amount of moneyever. It only would never happen. We never get lucky fairly or haveenough compute strength to actually earn the block. That’s why you have to joinforces with someone else, a squad. And that’s what a pool is. It’s a miningpool. It’s a assortment of other designs, a cluster of other miners like yourselfthat are agreeing to join the puddle and mine together. They all connect to thesame pool and they all work together, sharing their compute ability totry and solve that complex hashing puzzle.And because you haveall that compute capability compounded, you do end up earning some blocks.And when a block is one, the remuneration, which again is 1.16 XMR that willbe distributed to the miners. And how much you get isdetermined by how much you hampered, how much work did you actuallyput in to help solve the problem? And then got some fancy algorithms andfancy figurings on the mining pool to be recognised that I’ll show you what itlooks like here in a bit. But anyways, let’s save configuring our nonsense here.Now there are other mining pools.You can choose your own ifyou want. I like this one. You can imitation me just like this, ifyou crave. And then just after that, we’ll do a smash you seat and here iswhat you’ll paste in your pocketbook address. I’m gonna paste mine in right now.And then just one more thing here. We’ll time a seat rush P, whichnormally stands for password, but this is also a highway we canlabel our proletarians are children. So if you do end up havingmore than one raspberry PI, or you want to start using your computersand stuff to do this, justification you can, you can your workers, ifyou have more than one, I want to end this PI four becauseI do have other pies in the assortment and that’s it. We’re going to hit, enroll, and occult is going to happen. You’re ready. Let’s go. Lotof things happening here. It’s getting things ready. It’sconnecting and stuff’s already happening. Look here. We get a newjob from Gulf Minero.So we’re helping to solve theproblems. A couple of things. When you have this command lineselected, if you touch the note, H it’ll show you your hash rate right now, what the hash rate you can thinkof the hash rate as your acceleration. How fast are you solvingthis crypto hash perplex? How many suppositions are youmaking? That’s your hash pace? This raspberry PI is using a CPU to quarry. This he’s got four cores and eachcore is doing 10 hashes per second. And you are familiar with, clearly 11 on theother ones for a total of 44. 1, six hash as a second. Nowthat’s actually not too bad, but it obviously doesn’tcompare to interesting thing like, um, earlier we appreciated the ASIC miner fromant miner. I think what was that? How many hashes was that doing? Oh yeah. That’s like your leader 104 Tara hashes per second. And more often than not your CPU. And even your GPU willhave a higher hash rate, but still the raspberry PI he can do somedamage. Anyways. Couple more commands.We can see here. We can thump the letter Sto see if we have done anything yet. I, right now we have, we have noresults hitherto. What does that mean? When we do actually help solve aproblem, a cryptographic hash mystify, and our mining fund wins a block. We’llsee that we had some shares excepted, and how many shares we get is how muchwork we actually put in to help solve the problem. Now how many times you solve a problemand how many shares you get will vary. And it will show you what itlooks like here in a moment. So I’ll give it a second.Now, one more command as well. If you thump the letter C it showsyou your current connection. It testifies now that we’re employing therandom X algorithm, our impediment, which is basically how hardthe problem we’re solving is.And a great deal of these mining kitties willautomatically adjust your impediment based on how good your mining machine is. I’ve been incorporated into reserves with my raspberryPI that they adjusted my impediment ratings to 500, because it’s weaksauce. Now. I’m not sure if you noticed, but I actually have three raspberrypies quarrying to the same exact pool and things are happening. I’llshow you here in a moment, but I want to wait for an acceptedshare to come in here. Okay. That didn’t take longer and longer, but I dohave some excepted shares right here. Oh, this is so cool. Yeah. Right here.Oh, my pencils are down here. We accepted and abode. And thethird one just came in. All right. Now it will happen to where that youwill get a rejected share sometimes, meaning that you were too slow to comeup with a planning or your efforts to not contribute to solving the block.But honestly, quarrying on this pool. I have not seen one rejectedyet. Regardless, let’s um, punched the S key to see whatwe’re doing here.So, so far they’ve accepted threeshares, which is awesome. So at this quality we have actuallymined some XMR. We have quarried Monero. It’s a small amount, and it’ll take abit to increase sufficient to even like, be happy about now how my other threeraspberry pies extending for a bit. And let me show you whatthey look like here. Notice when they get in the groove, they, uh, they abide one tonne of shares. Like, let me just select this one right here, category in a S 134 shares. That’s awesome. Now, a great deal of these mining funds willgive you a way to see how you’re doing, how many hats you’re doing. Look at all the workers you haveand how much Minero they owe you. So let me show you real quickfor this particular mining pool, they have a website you’llgo to Minero, and you’ll paste yourwallet address right here. And as long as you’ve actuallysubmitted some shares, or you received that acquired your walletaddress should pull up some data here.Now it’ll take a couple times afteryou do the initial share to show up, but this is what I went now. Got my threeworkers do with 309 hashes per second. Uh, and notice, I don’t knowit was up to my other chap, but these three pies are doingalmost 100 hashes per second. So a quick greenback on that, is it profitable to run the raspberryPI as in minor and actually, you are familiar with, make money? The shortanswer is no , not really, because you have to factor in yourelectricity costs and then how much you’re actually paying from mining.According to some mining calculators, I saw you lose about a pennyper era mining with this. So if you plan on gettingrich, uh, forget about that. But if you plan on having fun andlearning about cryptocurrency, and you have a spare piling layingaround and you want to earn some cryptocurrency, precisely passively, go for it. This is cool. And you learn some stuffalong the way, right? Plus you can brag to all your friendsat your cryptocurrency mining.They don’t have to know it’s thislittle and likewise consider the XMR Minero may greatly go up in expenditure. Thisis not monetary opinion. Don’t give that, but I’m rosy. So even thoughI’m probably losing a penny per period, I just like the fact thatI’m collecting a currency. I various kinds of a stock that could goup my go down.You never know. Now time realise the reasonthat my raspberry PI is notperforming as well as my other ones is because thisguy only has two gigs of Ram. And I didn’t realize thatI grabbed my my week one. So if you want to take advantage ofthe fast mode with 64 chip building, you’ll certainly need four gigs or more.So crypto mining on a raspberry PI, where do you think, are you going totry it? I certainly want you to try it. I know it’s not worth the money.It’s worth the fun though, and merit the skills and just the, merely the cool credits youget cool approvals, right? Thanks for saying you doingthis. Like, yeah, right. Oh, well you learn something anyways. Let me know below if you attempt thisand too do not forget to hack that YouTube algorithm today, that likebutton notification, bell, subscribe, make sure you hack YouTube today.Ethically, of course.And yeah, that’s pretty much all I came. I’ve hada lot of chocolate , no surprise there. And, um, you don’t realize this, but Iactually do a lot of goes for this. And, um, there are technicalissues. I’ve worked throughsome times as I record this. So I terminate the coffee breaks, orsometimes I do a few takes of those. I’ve had more coffee than you realize.I’ll catch you guys next time ..

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