Bitcoin Forum

All right guys im new here so go easy on me but anyway i want to know if its possible to mine bit/lite/etc coin using Rasberry pi and a usb miner on the stlye like Butterfly Labs BFL Jalapeno and make a somewhat profit. Thanks

yes but not the way you think.  no usb miner is powerful enough to earn anything worth while in a pool.

but bitsolo.net allows for 'solo' mining.  So a usb stick could win an entire block. (maybe in 1/10,000,000 odds)  the up side it is cheap to run.


small tiny mining like a usb stick is pretty much not going to win. but it could via solo mining.  I do not advise solo mining in this style . odds are really against you.

Unless you find a USB miner for BTC in a ridiculously low price, I don't think you'll manage to make profit out of it. Maybe hybrid or scrypt miners still have a chance but I don't feel like this is going to last long either.

Use https://bitcoinwisdom.com/litecoin/difficulty and https://bitcoinwisdom.com/bitcoin/difficulty to calcuate this for yourself. Also keep in mind that the difficulty is not stable! Bitcoin's one tends to be on the rise constantly as new minimg machines come in all the time.

the guy above is pretty much correct. grinding out a small profit is not easy to do.

if you can not run at least an antminer s-3   which is around 400 usd plus a power supply and an internet connection and more then 250 kwatts a month of power.

making money is hard.  even doing the mining with the s-3 you still may not make money. as you may pay 20 cents a kwatt.

If the bitcoin mining difficulty is going to rise at 15-20% or more (like the past year) each time, I don't think any existing ASIC could give you profit.
BUt if it is going to rise at ~5% each time (like the previous 2 jumps), it could be profitable.