Bitcoin mining on Raspberry Pi with USB ASIC Miner Block Erupter

Despite the fact it will not make any real money, I just could not resist getting one of these beautiful little USB Bitcoin mining ASICS. At the current value of a bitcoin the only one that is making money from bitcoins are people selling hardware or anyone stealing free electricity. However the whole development of crypto currency is facsinating and I consider this a very small price to pay for keeping up to date with technology.

When the Block Erupter was first available in the UK they where going for about £100, I resisted the urge and after a month got a bargain on ebay for £70 deliver from Poland. Sounds like a bargain, but when you do the maths it will be a long time before it is making me any beer money. Using the calculator http://www.bitcoinx.com/profit/ with electricity 13.020p per kWh and a rough guess of 5 Watt power consumption, it is going to take a massive 1 year, 227 days to break even.

There is always the chance that the bitcoin price will go crazy again, certainly not inconceivable that it might get back to its $240 peak, but even with double or tripling of the value it is still a long haul before my little ASIC pays for itself. Never mind though, it is a nice shiny little piece of kit, gives me something to do with a Raspberry Pi and a potentially a safer bet than a lottery ticket.

Here are my install notes for getting the ASIC Miner USB Block Erupter running on a Raspberry Pi running Debian or Raspbian. The commands should work on any Debian based system including Ubuntu.

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