How To Mine Bitcoins With The HexFury ASIC USB Miner – TechCrunch

At this point, unless you steal power from the electrical grid ter some weird squat or you have your own hydroelectric plant, huis bitcoin mining is a sucker’s spel. Sure you can make a little and you certainly help out the bitcoin network by processing the hashes that make up bitcoin transactions, but plugging ter your own hardware usually means large violet wand bills and a trickle of BTC so slow that you scarcely make back your investment. With that te mind, then, I determined to cork ter a HexFury 11 gigahash/2nd USB miner, one of the last powerful USB miners that can actually make you a few dollars a month.

Very first, let’s understand what this thing is. The HexFury is a USB mining equipment with six petite ASICs made by a company called Bitfury. The ASICs, te this case, are chips that do one thing – mine bitcoin – and they do it very well. Up until the HexFury, most USB miners of this type could run at Two GH/s vanaf 2nd or slower, enough to mine a few dollars a year. At this point thesis older ASICs cost about $12 while this prototype costs $200. Could you mine with the smaller ASICs? Sure, but you’d essentially be searing money ter a lil’ bonfire. I ran a collection of three 1 GH/s ASICs and got about $1 a month.

A unit arrived from Asicrunner and I unwrapped the single chip and checked it out. On one side are the six ASICs and on the other side is a large, passive heatsink. It looks like an overgrown thumb drive with exposed innards, which should give owners of inquisitive cats pause. The device requires a 5V USB hub (Belkin makes a few good ones) and a separate fan. I used this Arctic USB fan.

To mine I used a Raspberry Pi with a USB card onto which I installed Minepeon, a free mining podium that supports numerous types of ASIC miners. It is one of the simplest ways to turn your Raspberry Pi into a real mining equipment and is very cool. You can learn how to install it onto an SD card here.

To run the chip with Raspberry Pi Minepeon installation I had to install and recompile cgminer Four.Trio.Two, the latest version of a standalone mining app that runs on most platforms. I had to recompile it to work with the current version of Minepeon. Once you’ve waterput Minepeon on an SD card and booted up your Raspberry Pi, you need to download and compile cgminer for your environment. Here are the directions I used:

ssh -l minepeon (password:peon)

tar xvf cgminer-4.Three.Two.tar.bz2

./configure –enable-icarus –enable-bitfury

sudo make install

mv cgminer cgminer.hold

ln -s /huis/minepeon/cgminer-4.Trio.Two/cgminer cgminer

This should get you the latest version of cgminer.

How does it perform? Well, with the fan pointed directly at it and the hub powered on, I consistently eyed 12GH/s. This enough to make about $150 a year at this current difficulty and bitcoin price. This is a screen from Minepeon.

You’ll notice that at that speed wij would see about 0.018 BTC vanaf month, or about $Ten. Given the cost of tens unit and the onveranderlijk rise te the bitcoin mining difficulty rate, this will eventually fall until 11 GH/s is a paltry speed.

Huis mining, at this point, is more about the practice of mining than any real money making. While you can make a little money with this, you’re obviously going to have to connect a few of thesis together and have free electrical play to make any sort of dent into the initial $200 investment. This is a speedy and powerful little chip and a real wilsbeschikking to what kleuter of power you can stick onto a petite PCB. Spil thesis things catch up with higher-powered units, it’s only a matter of time before wij can all make a few BTC a month with something the size of a stick of gum.

Related movie: The Bitcoin Group #172 – Volatile Bitcoin – Bitconnect – Blockstream Conspiracy – Asia Wrap-Up

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