Mining Monero on a Raspberry Pi 3
After having unprofitable results mining on the Raspberry Pi Zero, it's time to see what the more powerful Raspberry Pi 3 can do. The Pi 3 uses a 4 core 1.2 mhz ARM Cortex-A53 CPU with 1 gb SDRAM. For this example I will still be running the raspbin lite OS with the CPUMiner-Multi program but this time I will be going after a different cryptonight coin, Monero.
Getting a miner
First step is to download all the dependencies required.
sudo apt-get install automake autoconf pkg-config libcurl4-openssl-dev libjansson-dev libssl-dev libgmp-dev make g++ git
Next, clone CPUMiner-Multi
sudo git clone https://github.com/tpruvot/cpuminer-multi
Once it has been downloaded, enter the new folder
cd cpuminer-multi
Compiling
Now let's compile the program.
sudo ./autogen.sh
sudo ./configure CFLAGS="-Ofast -mtune=cortex-a53 -mcpu=cortex-a53 -mfloat-abi=hard -mfpu=neon-fp-armv8 -mneon-for-64bits" CXXFLAGS="-Ofast -mtune=cortex-a53 -mcpu=cortex-a53 -mfloat-abi=hard -mfpu=neon-fp-armv8 -mneon-for-64bits" --with-crypto --with-curl
sudo make
Start mining
Once again, I'm mining on the minergate.com pool and as I noted before, due to the sites high payout threshold it could be a while before you receive a payout when using low hashing power. The command to start should be formatted like this:
sudo ./cpuminer -a [algorithm] -t [cpu threads] -o [pool address:port] -u [username] -p [password]
The Pi 3 has 4 treads that can be used to get around 9.25 H/s. This should bring in 0.00026 XMR per week at the current difficulty. With the price of XMR at $244.33 at the time of writing this, I will earn 0.064 USD per week.
But what about the electricity?
With the meter registering .86 amps at 5 volts, I can figure out that the Pi 3 is costing me 0.072 USD per week at my electricity rate of 0.10 per kWh. This means that like the Zero, it's not profitable to mine cryptonight coins on the raspberry pi 3. I hate to admit this because I love my Pi farm, but this is where the situation stands. The only way to see a profit mining cryptonight coins on the raspberry is to mine something and hope it's value increases.
FAQs
The Pi 3 has 4 treads that can be used to get around 9.25 H/s. This should bring in 0.00026 XMR per week at the current difficulty.
Is Raspberry Pi mining profitable? ›
The amount of income you can generate from crypto mining depends on various factors such as the price of the cryptocurrency, the difficulty level of mining, and the computing power of your rig. With a low-end rig like the Raspberry Pi 4, you can expect to earn around $10-$20 per month.
How profitable is Monero mining? ›
Based the mining hardware inputs provided, 0.00878408 Monero can be mined per day with a Monero mining hashrate of 54.00 KH/s, a block reward of 0.65 XMR, and a Monero difficulty of 345,242,611,153.00. After deducting mining power costs and mining fees, the final daily Monero mining profit is $0.84 Monero to USD.
How to mine Monero on Raspberry Pi 3? ›
Here is a step-by-step guide, complete with images and external references, on how to do it.
- Step 1: Download and install Raspbian: ...
- Step 2: Update the system: ...
- Step 3: Install the required packages: ...
- Step 4: Download and compile XMRig: ...
- Step 5: Configure and run XMRig: ...
- Step 6: Monitor your mining activity:
5 Steps to Mining Crypto With Raspberry Pi
Install an Ubuntu server on your Raspberry Pi to start mining. Select the cryptocurrency you want to mine. Choose a wallet for your cryptocurrency. Execute the necessary code to run the miner.
How much Monero can I mine in a day with Raspberry Pi? ›
Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH and more. Do you think you've got what it takes to join the tough world of cryptocurrency mining? That means, one Pi4 can mine 0.00002688 XMR per day.
Which mining is most profitable? ›
The Best Crypto to Mine in 2023
- Bitcoin (BTC) Current Mining Reward: 6.25 BTC/block. ...
- Monero (XMR) Current Mining Reward: 0.6 XMR/block. ...
- Litecoin (LTC) Current Mining Reward: 12.5 LTC/block. ...
- Ravencoin (RVN) Current Mining Reward: 2500 RVN/block. ...
- Zcash (ZEC) ...
- Dogecoin (DOGE) ...
- Dash (DASH) ...
- Grin (GRIN)
Monero is usually mined every 2 minutes, depending on the miner's network difficulty and hash rate. This is because Monero uses a Proof of Work algorithm called CryptoNight, which requires high computing power.
Can you mine 1 Monero a day? ›
Monero is a Proof of Work cryptocurrency that can be miner with computational power from a CPU or GPU. There are currently no ASICs for Monero, which means that anyone with a computer can mine it. Using the formula n = (Network Hashrate) / (720 * Avg Block Reward): n = 14444.4 H/s, or 14.44 kH/s to mine 1 XMR per day.
How long does it take to mine 1 Monero on a laptop? ›
Yes, you can mine one monero a day subject to the power of your hardware. A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR. So, by doing the simple math, we know that 1 XMR is mined every 24 seconds.
If you've got <= 4 machines to run, HiveOS is a good option as well. Windows allows for real time underclocking/tweaking to find optimal hashrate and power. Then set those values in BIOS and mine on Linux.
Can I mine Monero with both CPU and GPU? ›
Miners must use consumer-grade hardware and compete fairly. Monero can be mined by both CPUs and GPUs, but the former is much more efficient.
Which GPU can mine Monero? ›
Mining Monero With an AMD GPU
Step 1: Purchase an AMD graphics card. I suggest either AMD R9 280x or AMD Radeon Rx 580. Table: The comparison of AMD R9 280x and AMD Radeon Rx 580 cost and hash rate.
Is mining on Raspberry Pi worth it? ›
Cost: One of the biggest advantages of Raspberry Pi mining is its low cost. Traditional mining rigs can be quite expensive, with high-end GPUs or ASICs costing hundreds or even thousands of dollars. On the other hand, a Raspberry Pi board can be purchased for as little as $35.
What is the most profitable crypto to mine with a Raspberry Pi? ›
Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), and many others are just some of the cryptocurrencies that use the SHA-256 algorithm. However, Bitcoin is the most lucrative and should be explored first if you plan to mine using a Raspberry Pi.
Is Raspberry Pi 3 powerful? ›
The Raspberry Pi 3 is equipped with a quad-core 64-bit Broadcom BCM2837 ARM Cortex-A53 SoC processor running at 1.2 GHz, making it about 50% more powerful than the Pi 2. Which means the new Raspberry Pi 3 can be used for office applications and web browsing.
Does PI mining make money? ›
Mobile Mining: Pi coin is a pioneer in bringing the revolution in mining as it can be done very easily from your mobile. Strong Referral System: The Pi network runs a robust referral system that allows users to generate money and appeal to additional users.
Can I make money from a Raspberry Pi? ›
One such solution is the various bandwidth selling programs that allow you to earn a steady passive income. The Raspberry Pi device is not overloaded at all, and your internet speed will not slow down. Of course, you can run each application at the same time, without interfering with each other.
What is the most profitable mining PC? ›
The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266, and MicroBit Whatsminer M50S. If you want to mine other cryptocurrencies, the Bitmain Antminer KS3, Bitmain Antminer D9, and Bitmain Antminer K7 are all solid choices.
Will mining Pi be worth anything? ›
Pi Coin Price Prediction Summary
For investors simply looking for a brief rundown of the Pi network price prediction, we've summarized each year: End of 2024: Some experts believe that the Pi network token could be worth $58 by the end of 2024.
