I Mined Monero for 24 Hours with Raspberry Pi

I learned the hard way…

Mining Monero on a Raspberry Pi for 24 Hours

The Raspberry Pi is a low cost, credit-card sized computer that plugs into a computer monitor or TV, and uses a standard keyboard and mouse. It is a capable little device that enables people of all ages to explore computing, and to learn how to program in languages like Scratch and Python. It’s capable of doing everything you’d expect a desktop computer to do, from browsing the internet and playing high-definition video, to making spreadsheets, word-processing, and playing games.

What’s more, the Raspberry Pi has the ability to interact with the outside world, and has been used in a wide array of digital maker projects, from music machines and parent detectors to weather stations and tweeting birdhouses with infra-red cameras. We want to see the Raspberry Pi being used by kids all over the world to learn to program and understand how computers work.

Monero (/məˈnɛroʊ/; Abbreviation: XMR) is a decentralized cryptocurrency. It uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading monero, transaction amounts, address balances, or transaction histories.

The protocol is open source and based on CryptoNote, a concept described in a 2013 white paper authored by Nicolas van Saberhagen. The cryptography community used this concept to design Monero, and deployed its mainnet in 2014. Monero uses ring signatures, zero-knowledge proofs, "stealth addresses", and IP address–obscuring methods to obfuscate transaction details. These features are baked into the protocol, though users can optionally share view keys for third-party auditing. Transactions are validated through a miner network running RandomX, a proof-of-work algorithm. The algorithm issues new coins to miners, and was designed to be resistant to application-specific integrated circuit (ASIC) mining.

Monero has the third-largest developer community among cryptocurrencies, behind Bitcoin and Ethereum. Its privacy features have attracted cypherpunks and users desiring privacy measures not provided in other cryptocurrencies. It is increasingly used in illicit activities such as money laundering, darknet markets, ransomware, and cryptojacking. The United States Internal Revenue Service (IRS) has posted bounties for contractors that can develop monero-tracing technologies.[2]

[bppl]

18 bucks yearly, you're rich now.

[Austingarrettrulez]

Keep in mind temperature can create throttling, best to get a fan

But great video man

[alexmihai]

Ok, if you plug it to a solar system that let's say you already have installed, you will get.. $1.5 in a month. A beer? :)
That thing needs a big radiator otherwise will cook itself.

[Ben-knfm]

4 quad core cpu's was my favorite part, mans not too bright

[dvidpi]

I somehow managed to get 95 cents a day. Here's what I did: I firstly installed DietPi (Debian but EXTREMLY lightweight), then I overclocked the Raspberry Pi to 2, 2GHz. I added a strong Ice tower (cooling) and kicked of the miner. In the first half of the day, the Pi was just shy of 40°C and made 42 cents.

Basically you make almost 1 dollar a day.

[spentfourtyseven]

Bro didn't even earn enough money to buy the milk

[AchillesDodge-vb]

"Minner running at full capacity"
"Minor running at full capacity"❤

[Minecodes]

I'm not surprised why the Raspberry Pi is so hot. There is not even a passive cooler installed. Such passive coolers are not expensive, so please use one next time, because otherwise there could be a loss of performance due to the heat.

[KukiLK]

A Raspberry Pi 4 doesn't have four quad core CPUs, it only has a single quad core CPU...

[remiawesome]

54 years to make $1000, peak efficiency

[Minushaspals]

I think you need to attach a heatsink or fan to it to stop throttling

[ngoclangthi]

You probably paid more electricity than you made money

[gilbertoandrescastanoriver]

You should have some cooling for the pi, could be worth it

[ratsec]

you didn't run it as root (sudo) so msr couldn't apply, so you get a lower hashrate aka less money

[bibekdebnath]

After one year you can make your own house just with galvanized square steel and bolts borrowed from your aunt.

[AmazingLube]

You can get a passive cooling kit for like 5$ online to prevent the CPU from thermal throttling. But no matter what you do with this Pi, the energy cost will always be more than your earnings

[SWU-F]

Lets calculate, (I'm not smart).

So one raspberry pi 4 costs 35 dollars if you want 30$/hour you need 600 rubies 600*35=21, 000

One ruby uses 5 watts which comes out to a whopping 10 dollars per year, for all rubies combined it comes out to 6000 dollars.

A radiator and fans cost 1, 500-2, 500 lets say you have to replace it or fix itevery 6 months which is an exaggeration so that adds around 1, 750 in reparations and replacements per year

Radiators uses 1000 watts so 24KWh for 24 hours a single KWh cost 16.68 cents in america, which comes out to 1, 500 dollars per year

A single small fan for each Ruby uses around 10 watts which comes out to 8, 400 dollars for a year for every single ruby combined

So the daily cost is 30$
Everyday you make 720$

Before reparations market crashes power outages cooling breaks and taxes:

Your daily gross income: 690$
Your yearly gross income: 250, 000$

After:

Your daily income: 430$
Your yearly income: 150, 000$

And thats with relatively VERY little work you still make six figures for an upfront price of 30, 000$

1 Like = 1 Rip for my brain
👇

[terminatorfishstudios]

Throttling++. Mined for a month to see how it would go (as an fyi you wont make enough to withdraw it) using a standard pc fan blowing on a static cooling case (case is metal and distributes the heat from the pi). Could get a small overclock and so more monero and even then it was about 5000x less than worthwhile.

As i did, super fun experiment, feel free to reply and ill try help out if you want to yourself, but with a pi alone you wont even get enough to withdraw it from a pool and have it yourself. I also suggest mine raptoreum, the blockchain is about 2gb last i recall vs the 80gb of the monero chain, and because it isnt untraceable (and the way it works) like monero, it doesnt require an ssd to set up. With a pi and several others of my machines, it mines rtm faster. Oddly just not the 6 core xeons. Many people mining monero on pools actually mine raptoreum and then get paid in monero.

[UnkoTurtleNerdYT]

I SAW A KRAKEN AD AFTER THIS PERFECT TIMING 😭😭

[eerabamayanglambam]

This dude single handedly create 700 million short video using his raspberry pi