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For more information: m and m What is Bitcoin Mining? DIY Bitcoin Lottery with a Raspberry. But even if you dont win, Seans project is a fun experiment in Bitcoin mining and creating colour through code. And since news sources report that Bitcoin is currently valued at around 4000, Sean decided to use a Raspberry Pi to bring to life an idea hed been thinking about for a little while. Have you ever wondered how Bitcoin is generated? Lottery results, sean has done the maths to calculate the power consumption of the device. According to the internet, Bitcoin mining is: A record-keeping service.

However, since the mining device moves on to a new block every 20 minutes, the odds of being a winner with Bitcoin using Seans build are actually better than those of winning the lottery. He says that the annual cost of running his Bitcoin Lottery is roughly what you would pay for two lottery scratch cards. If that makes no sense to you, welcome to the club. Good luck and happy mining! Build your own lottery!