How To Ubiq UBQ Mine With Raspberry Pi
UBIQ Ubiq is a decentralized platform which allows the creation and implementation of smart contracts and decentralized applications. Built upon an improved Ethereum codebase, the Ubiq blockchain acts as a large globally distributed ledger and supercomputer, allowing developers to create decentralized and automated solutions to thousands of tasks which today are carried out by third party intermediaries. RESOURCES • • • • • • • SUB-REDDIT NOTE Any 'Pump group' or 'Referral link' spam will be deleted immediately and you will be banned from this sub-Reddit. Miner Cpu Decred DCR there.
Hey Ubiq Community! I'm interested in joining the Ubiq community and wanted to ask if mining can be done on a Raspberry Pi. I know the Linux.
The void was a quiet place Then boom, a bright light called “Ethereum” exploded, creating the galaxy, and many others, we all know and love(Ubiq, Stratum, etc). Ever since I noticed light had finally re-shined down onto cryptocurrency(very late), I knew I had to build myself a rig. With a dream, and lot’s of “” refreshes, the $300 mining rig had appeared. Here’s how I did it. Everybody, and their friend has an old machine sitting in their garage, basement or attic. With a low price cap, taking advantage of this is a must. Obtaining The Rig The conversation went something like “Hey, you saving that machine in the garage?” “No, I should trash it actually” “I’ll take it off your hands.” Boom.
You have everything you need to mine! Unless you want to be bringing in under $1.00 USD a day, no.
Making It Hash Ready In order to make the machine capable of bringing in some decent change, we need to pick up some new(extremely old) graphics cards. I found the best way to do this, is to use the power of ““.
It’s the best place to look for used cards, and decent deals. After a few days of bidding, and contemplating, I picked up one ““, and one ““. I had also invested in two ““, I found on Ebay. I decided these would be a good idea, as I want them to be outside of the case to reduce the risk of having my room explode. After sketchily mounting the two cards outside the case, using a piece of wood zip-tied to the frame I knew it was ready.
Hammer Hash Time These cards are old, extremely old. This means their power consumption is bad(complete shit), and they have a very low hashing power(15 mh/s per card on ETH at the time). I figured my best bet would be to find a non-mainstream coin with a low difficulty(so we can utilize our low hashpower). In my case, Ubiq.
It looked solid, to me. It has a good development team, small community, and seems like a good idea to invest in.
Mining Ubiq, my little franken-rig pulled a stable 50+ mh/s after overclocking. Over the course of a month and a half of running 24/7, I’ve picked up a little over 100 UBQ. Last week, the price of 1 UBQ, jumped up to $3. Most SmartCash SMART Mined In A Day. 01(with 100 coins, this is just over $300 USD). It took a month and a half for our crazy machine to reach the point in which we had gotten our full investment back.
In conclusion Obviously the price of 1 UBQ, had dropped back down around $2.50 USD. We could have gotten our full investment back(technically), however I believe it will be more profitable to hold my coins even longer.
What if the price jumps up to $8.00 USD in the next year? Who know’s how much we could be missing out on. Anyway, building a rig on a budget, is do-able. You don’t need to spend two grand on a ton of cards, and fancy motherboards.