Initial Setup & Overview | PiMiner Raspberry Pi Bitcoin

Welcome to /r/Whitecoin, read this to get started

Whitecoin in a nutshell

Whitecoin (XWC) is a cryptocurrency launched in early 2014 focused on innovative solutions to securely manage and make transactions. XWC is a proof-of-stake based coin driven by an active community of volunteers.

Helpful resources

What is unique about Whitecoin?

Whitecoin is a community run project that’s been around since 2014. The reason for XWC (relatively) long lifecycle is because of this community-centric approach. Whether that’s a fundraising campaign to get listed on a new exchange or organizing a conference in Shanghai.
Developers work on features and tools that the community ask for which has resulted in some innovative tools. Like WhiteNode, a lightweight wallet that can run on a Raspberry Pi or WhiteOS a plug-and-play OS to keep a cold storage wallet on a USB stick.

What is Proof of Stake (POS) and staking?

Whitecoin can’t be mined like for example Bitcoin (aka Proof of Work) but is instead based on staking. By keeping your wallet ‘open’ you help secure the network. As a reward, you can receive a stake of 5 XWC every 60 seconds. The more coins you have the bigger the chance of a stake is. It can be compared to receiving interest on your coins.

What is WhiteNode?

WhiteNode is an optimized Whitecoin wallet that can run on low-end hardware such as a RaspBerry Pi. Instead of keeping a desktop PC running 24/7 to stake coins you install the wallet on a single-board computer which consume less power and are cheaper.

What is WhiteOS?

WhiteOS is a customized Ubuntu operating system. It’s highly portable allowing you to install the entire operating system on a USB drive. This allows you to have true cold storage for your XWC. The wallet and browser on this operating system run through a TOR proxy for anonymous browsing and transactions.
Another great benefit is that you can plug a USB with WhiteOS into any PC to (safely) access your wallet. When you unplug your USB stick there is no trace left on the host PC.

Where can I buy Whitecoin?

Whitecoin is traded on a dozen different exchanges. This includes Bittrex, Lbank, and FreiExchange. Bittrex being the most popular of the markets. You can find an up-to-date list on the official website.
submitted by shineslikesterling to whitecoin [link] [comments]

Best way to get started?

Engineering Senior here. I was wondering what the best way to get started in bitcoin now that it is at such a low? I would love to invest a bit, and also maybe figure out how to mine well? I have access to many FPGAs because my major is ECE. Should I try to learn how to FPGA mine? Should I buy a bunch of BitCoin mining USB sticks and hook them up to a rasp pi? If so, at the current exchange rate, when would I break even? Just general how to get started info would be nice!
submitted by samuri1030 to Bitcoin [link] [comments]

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Raspberry Pi Bitcoin Mining For 12 Hours! - YouTube

4 GH/s Raspberry PI Bitcoin Miner - PiMiner - Duration: 1:01. Josh Hildebrand 861,054 views. 1:01. Transform a Damaged Laptop into an ALL-IN-ONE desktop PC - Duration: 17:17. Alexander J. Singleton provides a screencast for Raspberry Pi set-up and configuration introducing Bitcoin-mining as part-1 of a 2-series tutorial- please refer to the following GitHub-gist for ... How to Setup a Raspberry Pi 2 Bitcoin Mining Rig w/ Bitmain AntMiner U3: Code to copy URL: Building a 4-node Raspberry Pi Cluster - Duration: 18:41. Davy Wybiral 942,905 views. 18:41. ... USB Bitcoin Miner - The Power of 1000's Computers - Duration: 15:24. Code to copy URL: How to setup Raspbian & Putty: How to setup a Bitcoin Wallet & Mining...

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