Raycast can't find tagged gameobject - unity3d

Question

My Raycastrotates around the player and scans the 2D-Area. It should recognize another Gameobject, which is tagged as Pick Up, but found is always false.
using UnityEngine;
using System.Collections;
public class Findway : MonoBehaviour {
public GameObject Player;
// Use this for initialization
void Start () {
transform.position = Player.transform.position;
}
RaycastHit hit;
float[] distance = new float[360];
int moveAngle = 0;
bool found = false;
// Update is called once per frame
void Update () {
transform.position = Player.transform.position;
for (int iii = 0; iii < 360; iii++)
{
Vector3 rayway = new Vector3 (Mathf.Cos(180 * iii / Mathf.PI), 0, Mathf.Sin(180 * iii / Mathf.PI));
if (Physics.Raycast (transform.position, rayway, out hit, 100f))
{
distance [iii] = hit.distance;
//Debug.Log(hit.collider.gameObject);
//Debug.DrawRay(transform.position, transform.forward, Color.green);
if (hit.collider.CompareTag ("Pick Up"))
{
moveAngle = iii;
found = true;
}
}
}
}
}

Answer 1

Use your ray cast out of the for loop , a good cpu will not take long to run the iteration till 360 and using it in update will cause it to run infinite times causing more problems, always use divide and conquer , minimize the code , remove everything and just run the ray to check if its working without any rotation , then apply rotation ,do tell if it worked .Double Check if there is a object tagged as "Pick Up" . Also never use a for loop in update without an explicit condition to stop it like a bool otherwise it keeps on running .