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Journal articles on the topic 'Bitcoin mining'

Author: Grafiati

Published: 4 June 2021

Last updated: 25 July 2025

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1

Mr.Kandy, Arora, Verma Mr.Ashish, Sharma Mr.Aarush, and Prof.Neelu. "Block-chain: The Boon for Bitcoin." Journal of Embedded Systems and Processing 3, no. 3 (2018): 6–10. https://doi.org/10.5281/zenodo.1465684.

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<em>The research paper deals</em><em> with Bitcoin ,its mining and how mining actually works how Bitcoins are made, uses of Bitcoin why we should use Bitco in. Digital wallets for storing Bitcoins It also covers some of the biggest issues associated with Bitcoin like adecentralized currency covering the vast problem of Doublespending ininitial days of Bitcoin trading.The uses of Block-chain in Bit coin’stransaction to solve the problem of Double spending of Bitcoin.Applications of Block-chain other than crypto currency like in healthcare sector,reale state, voting, cyber security,it also

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K., Vinitha, and S. Vasantha Dr. "A Glimpse towards Bitcoin and its Reality Analysis on Mining and Protocol." International Journal of Trend in Scientific Research and Development 1, no. 5 (2017): 992–96. https://doi.org/10.31142/ijtsrd2384.

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Bitcoin has advanced as the most fruitful cryptographic currency in history. Since its launch in 2009. Bitcoin grew to comprise billions of dollars of economic value. Since then a lot of literature has been identi ed with concealed but vital properties of the system, exposed attacks, proposed promising alternatives, and singled out dif cult future challenges. This paper threw light to many related cryptocurrencies or 'altcoins' and enables a more insightful analysis of Bitcoin's properties. The researcher maps the space for providing analyses for bitcoin mining, bitcoin protocol, a

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Damjanović, Aleksandar, and Mikica Drenovak. "Are All Text News Just a Noise for Investors? Impact of Online Texts on Bitcoin Returns." Economic Themes 61, no. 2 (2023): 121–44. http://dx.doi.org/10.2478/ethemes-2023-0007.

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Abstract The paper demonstrates the power of alternative data. Relying on the indicators obtained by mining online publicly available news articles, authors analyze their impact on Bitcoin returns. This research shows that in the first quarter of 2022 Bitcoin returns could be explained by the sentiment of information obtained from news published on online portals. However, we find negative relation between Bitcoin news sentiment and its returns. Such result can be explained as anomaly of researched period which is characterized by inception of global political crisis caused by the war in Easte

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Liu, Shuhan, Yiluan Yang, and Yuxin Fan. "Decoding Bitcoin: A Synthesis of Bitcoin's Relation to the Environment with a Focus on CO2." Advances in Economics, Management and Political Sciences 81, no. 1 (2024): 247–59. http://dx.doi.org/10.54254/2754-1169/81/20241556.

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Since the financial crisis, bitcoin has become a pioneer among virtual currencies, and much attention has been focused on its mechanisms, market risk and expected development. Despite extensive research into these aspects, the broader significance of bitcoin's existence has gone unnoticed. A critical facet is Bitcoin mining, notorious for its substantial energy consumption and subsequent carbon emissions. This dynamic interplay with the environment and energy market is a pivotal yet understudied aspect of Bitcoin's impact. Consequently, this paper seeks to fill this research gap by synthesizin

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Ramachandran, Hari Krishnan, Sai Saketh, and Marichetty Venkata Teja Vaibhav. "Bitcoin Mining." International Journal of Cloud Applications and Computing 5, no. 4 (2015): 56–87. http://dx.doi.org/10.4018/ijcac.2015100104.

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Cryptocurrency, a form of digital currency that has an open and decentralized system and uses cryptography to enhance security and control the creation of new units, is touted to be the next step from conventional monetary transactions. Many Cryptocurrencies exist today, with Bitcoin being the most prominent of them. Cryptocurrencies are generated by mining, as a fee for validating any transaction. The rate of generating hashes, which validate any transaction, has been increased by the use of specialized machine such as ASICs, running complex hashing algorithms like SHA-256, thereby leading to

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Jung, Hyunjun, and Heung-No Lee. "ECCPoW: Error-Correction Code based Proof-of-Work for ASIC Resistance." Symmetry 12, no. 6 (2020): 988. http://dx.doi.org/10.3390/sym12060988.

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Bitcoin is the first cryptocurrency to participate in a network and receive compensation for online remittance and mining without any intervention from a third party, such as financial institutions. Bitcoin mining is done through proof of work (PoW). Given its characteristics, the higher hash rate results in a higher probability of mining, leading to the emergence of a mining pool, called a mining organization. Unlike central processing units or graphics processing units, high-cost application-specific integrated circuit miners have emerged with performance efficiency. The problem is that the

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Cocco, Luisanna, Roberto Tonelli, and Michele Marchesi. "An Agent Based Model to Analyze the Bitcoin Mining Activity and a Comparison with the Gold Mining Industry." Future Internet 11, no. 1 (2019): 8. http://dx.doi.org/10.3390/fi11010008.

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In this paper, we present an analysis of the mining process of two popular assets, Bitcoin and gold. The analysis highlights that Bitcoin, more specifically its underlying technology, is a “safe haven” that allows facing the modern environmental challenges better than gold. Our analysis emphasizes that crypto-currencies systems have a social and economic impact much smaller than that of the traditional financial systems. We present an analysis of the several stages needed to produce an ounce of gold and an artificial agent-based market model simulating the Bitcoin mining process and allowing t

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Rudd, Murray A., Lee Bratcher, Simon Collins, et al. "Bitcoin and Its Energy, Environmental, and Social Impacts: An Assessment of Key Research Needs in the Mining Sector." Challenges 14, no. 4 (2023): 47. http://dx.doi.org/10.3390/challe14040047.

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In this study, we used a combination of AI-assisted analysis of social media discourse and collaboration with industry experts to delve into the key research needs associated with the Bitcoin mining industry. We identified primary threats, opportunities, and research questions related to the Bitcoin mining industry and its wider impacts, focusing on its energy use and environmental footprint. Our findings spotlight the industry’s move towards increasingly greater energy efficiency and an emerging commitment to renewable energy, highlighting its potential to contribute to the coming energy tran

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Benkoczi, Robert, Daya Gaur, Naya Nagy, Marius Nagy, and Shahadat Hossain. "Quantum Bitcoin Mining." Entropy 24, no. 3 (2022): 323. http://dx.doi.org/10.3390/e24030323.

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This paper studies the effect of quantum computers on Bitcoin mining. The shift in computational paradigm towards quantum computation allows the entire search space of the golden nonce to be queried at once by exploiting quantum superpositions and entanglement. Using Grover’s algorithm, a solution can be extracted in time O(2256/t), where t is the target value for the nonce. This is better using a square root over the classical search algorithm that requires O(2256/t) tries. If sufficiently large quantum computers are available for the public, mining activity in the classical sense becomes obs

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Gottschalk, Sylvia. "Digital currency price formation: A production cost perspective." Quantitative Finance and Economics 6, no. 4 (2022): 669–95. http://dx.doi.org/10.3934/qfe.2022030.

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<abstract><p>The paper investigates the long-run relationship between bitcoin and its marginal cost between July 2010 and July 2022. We derive Bitcoin's marginal cost of production from a model of Bitcoin mining grounded in the Bitcoin code, and show that its production cost is a function of only two variables, the electricity price and the mining hardware efficiency. We then estimate a time-varying vector error correction model, and also the cointegration between bitcoin's price and Bitcoin network's hash rate, a commonly used production cost proxy. Our results show that the time-

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Siddique, Iqtiar Md, Anamika Ahmed Siddique, Eric D. Smith, and Selim Molla. "Assessing the Sustainability of Bitcoin Mining: Comparative Review of Renewable Energy Sources." Journal of Alternative and Renewable Energy Sources 10, no. 1 (2023): 1–12. http://dx.doi.org/10.46610/joares.2024.v10i01.001.

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This study conducts a comprehensive assessment of Bitcoin mining's sustainability, concentrating on the incorporation of renewable energy sources such as hydroelectric, wind, solar, and geothermal power. It investigates the adaptability and potential constructive collaboration of these energy systems in the context of the Bitcoin mining scenario. This research presents a detailed understanding of the possibilities and challenges involved with integrating hydro, wind, solar, and geothermal resources into sustainable Bitcoin mining processes by methodically examining energy efficiency, environme

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Santiyano, B. J., V. F. Tanty, J. Hariwinarta, and S. A. H. Havidz. "Assessing the impact of macroeconomic and environmental concerns on Bitcoin in lower-income countries." IOP Conference Series: Earth and Environmental Science 1441, no. 1 (2025): 012032. https://doi.org/10.1088/1755-1315/1441/1/012032.

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Abstract This study investigated the effects of macroeconomic and environmental factors on Bitcoin return. The analysis included 31 lower-income countries selected based on their GDP rankings from 2012 to 2022. Using 341 observations, we applied Feasible Generalized Least Squares (FGLS) and One-step System Generalized Method of Moments (GMM) to evaluate the effects of Gross Domestic Product (GDP), Inflation Rate (INF), CO2 Emissions (CO2E), Climate Policy Uncertainty (CPU), Global Price Energy Index (GPEI), and Cambridge Bitcoin Electricity Consumption Index (CBECI) on Bitcoin return. The find

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B Bhat, Rajani. "Bitcoin - A Boon to Economy or Bane to Sustainability." Shanlax International Journal of Commerce 7, no. 4 (2019): 42–47. http://dx.doi.org/10.34293/commerce.v7i4.598.

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Since the formation of Bitcoin in 2009, various private digital currencies have been presented. Bitcoin is by a long shot the best one. It has been getting a great deal of media consideration, and its all out market worth has arrived at 20 billions USD in March 2017. More importantly, a number of central banks started recently to explore the adoption of cryptocurrency and blockchain technologies for retail and large-value payments. Bitcoin is a digital currency based on a peer-topeer payment system managed by an open source software and characterized by lower transaction costs, greater securit

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Zhou, Chencheng, Liudong Xing, Qisi Liu, and Honggang Wang. "Effective Selfish Mining Defense Strategies to Improve Bitcoin Dependability." Applied Sciences 13, no. 1 (2022): 422. http://dx.doi.org/10.3390/app13010422.

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Selfish mining is a typical malicious attack targeting the blockchain-based bitcoin system, an emerging crypto asset. Because of the non-incentive compatibility of the bitcoin mining protocol, the attackers are able to collect unfair mining rewards by intentionally withholding blocks. The existing works on selfish mining mostly focused on cryptography design, and malicious behavior detection based on different approaches, such as machine learning or timestamp. Most defense strategies show their effectiveness in the perspective of reward reduced. No work has been performed to design a defense s

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15

Houy, Nicolas. "The Bitcoin Mining Game." Ledger 1 (December 21, 2016): 53–68. http://dx.doi.org/10.5195/ledger.2016.13.

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This article deals with the mining incentives in the Bitcoin protocol. The mining process is used to confirm and secure transactions. This process is organized as a speed game between individuals or firms – the miners – with different computational powers to solve a mathematical problem, bring a proof of work, spread their solution and reach consensus among the Bitcoin network nodes with it. First, we define and specify this game. Second, we analytically find its Nash equilibria in the two-player case. We analyze the parameters for which the miners would face the proper incentives to fulfill t

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Xie, Bolun. "Environmental Consequences of Mining Bitcoin: The Carbon Emission in China." Highlights in Science, Engineering and Technology 26 (December 30, 2022): 41–45. http://dx.doi.org/10.54097/hset.v26i.3639.

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In recent years, as cryptocurrency has been recognized by more people and the value of the cryptocurrency has increased, many people make money through mining. It leads to mining becoming popular but also creates serious environmental problems. Mining bitcoin will consume much electricity and thus emits more greenhouse gases such as carbon dioxide, which has caused worldwide environmental issues. This paper will focus on figuring out that mining bitcoin will cause how much carbon emission damage in China during these years. The result of this research will provide the change in carbon emission

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Sugandi, Hatami Karsa, Nazruddin Safaat Harahap, Eka Pandu Cynthia, Feby Yanto, and Suwanto Sanjaya. "RANCANG BANGUN APLIKASI SIMULASI MINING PADA JARINGAN BLOCKCHAIN BITCOIN." Sebatik 26, no. 1 (2022): 332–39. http://dx.doi.org/10.46984/sebatik.v26i1.1875.

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Bitcoin merupakan salah satu dari mata uang digital yang dalam regulasinya tidak diatur oleh siapa pun seperti lembaga, organisasi maupun pemerintahan. Bitcoin menggunakan teknologi kriptografi atau yang biasa dikenal dengan teknologi Blockchain. Teknologi ini merupakan teknologi penyimpanan data atau transaksi kedalam sebuah block, dimana setiap proses penambahan block baru harus melalui proses validasi oleh sistem sesuai dengan konsensus yang berlaku. Untuk mengamankan jaringan Blockchain miliknya, bitcoin menggunakan algoritma konsensus Proof of Work (PoW). Proses validasi block inilah yang

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18

Wang, Zhaojie, Qingzhe Lv, Zhaobo Lu, Yilei Wang, and Shengjie Yue. "ForkDec: Accurate Detection for Selfish Mining Attacks." Security and Communication Networks 2021 (November 30, 2021): 1–8. http://dx.doi.org/10.1155/2021/5959698.

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Incentive mechanism is the key to the success of the Bitcoin system as a permissionless blockchain. It encourages participants to contribute their computing resources to ensure the correctness and consistency of user transaction records. Selfish mining attacks, however, prove that Bitcoin’s incentive mechanism is not incentive-compatible, which is contrary to traditional views. Selfish mining attacks may cause the loss of mining power, especially those of honest participants, which brings great security challenges to the Bitcoin system. Although there are a series of studies against selfish mi

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Cao, Jiangdong, and Wei Cao. "Bitcoin mining, the way to process transaction information or the way to make money?" INSIST 4, no. 1 (2019): 191. http://dx.doi.org/10.23960/ins.v4i1.191.

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Bitcoin is a crypto currency introduced by Satoshi Nakamoto in 2008. It has the features of decentralization cross-border and fixed total amount and has become one of the most widely used crypto-currencies. Bitcoin, as a new digital currency system, innovatively makes the use of cryptographic elements and consensus mechanisms and builds up a secure decentralized system. The Blockchain, as the core of Bitcoin, uses peer-to-peer network communications and backs up transaction data in every node of the system, thus creating a huge distributed public book. It is essentially a decentralized distrib

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20

Sanghvi, Hiral, Donald Selvam, and Jovine See Wey Ling. "Illegal Roads Leading to Legal Ends: Bitcoin Mining in Malaysia." Asian Journal of Law and Policy 2, no. 1 (2022): 1–14. http://dx.doi.org/10.33093/ajlp.2022.1.

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A decade ago, no one would have envisioned that Bitcoin would be as lucrative as it is today. What many first thought of as a scam, has now turned out to be one of the fastest growing digital currency in the world. This paper attempts to explain the legal framework and implications of Bitcoin mining, mostly in Malaysia, while also citing examples of other nations. The research attempts to shed light on how mining actually becomes illegal, despite not being directly penalized under most laws. The second part of the paper aims to critically analyse the solutions and reforms that can be put into

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21

Tomatsu, Yusuke, and Wenlin Han. "Bitcoin and Renewable Energy Mining: A Survey." Blockchains 1, no. 2 (2023): 90–110. http://dx.doi.org/10.3390/blockchains1020007.

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Bitcoin, the most valuable and energy-consuming cryptocurrency, has recently been at the center of a heated debate over its environmental impact. This controversy has caught the public’s attention, prompting us to investigate the energy consumption of Bitcoin. In this paper, we have conducted a review of the literature on various aspects of Bitcoin mining, including its mechanisms, energy consumption, mining sites, and the potential for renewable energy use. Our findings reveal that the power consumption of Bitcoin is bound to increase with the continued adoption of the proof-of-work (PoW) con

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Kim, Gyu Chol, Gang Song Han, Ryong Chol Kim, et al. "Single-Tiered Hybrid PoW Consensus Protocol to Encourage Decentralization in Bitcoin." Security and Communication Networks 2023 (July 15, 2023): 1–12. http://dx.doi.org/10.1155/2023/6169933.

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We propose a single-tiered hybrid proof-of-work consensus protocol to encourage decentralization in bitcoin. Our new mechanism comprises coupled puzzles from which properties differ from each other; the one is the extant outsourceable bitcoin puzzle while the other is nonoutsourceable. Our new protocol enables miners to solve either puzzle as they want; therefore, blocks can be generated by either puzzle. Our hybrid consensus can be successfully implemented in bitcoin because it is backward-compatible with existing bitcoin mining equipment (more precisely, existing bitcoin mining ASICs).

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Yadav, Nagendra Singh, and Pallavi Singh Yadav. "The Role of Blockchain in Cryptocurrency and Information Technology." Journal of Collective Sciences and Sustainability 1, no. 1 (2025): 1–8. https://doi.org/10.64189/css.25403.

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Cryptocurrency is an attribute derived from blockchain that serves the sole purpose of money exchange, similar to Bitcoin. Cryptocurrency can have major benefits but it could push the limits if it would be used for money laundering and terrorist finances since there is an absence of intermediate checks to ensure the transaction integrity and no one comes to know the identity of people who’ve made the transaction. This paper touches upon the meaning and definition of blockchain and cryptocurrency, a comparison of bitcoin and Ethereum, smart contracts, mining, advantages and drawbacks of cryptoc

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Stepanova, Diana, N. B. A. Yousif, Raya Karlibaeva, and Alexey Mikhaylov. "Current analysis of cryptocurrency mining industry." Journal of Infrastructure, Policy and Development 8, no. 7 (2024): 4803. http://dx.doi.org/10.24294/jipd.v8i7.4803.

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In this regard the key factor determining the success of the mining industry is the cost of electricity. By understanding the risks associated with crypto mining industry. The method is based on systemic literature review and bibliometric analysis exploring keyword “bitcoin mining”. This review paper studies 50 papers for the period of 2019–2023. The results propose recommendations for crypto miners. Currently, the results confirm that bitcoin mainly depends on the consumption of inexpensive electricity. Consequently, the bitcoin network predominantly uses energy in regions where it is abundan

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Eligüzel, Nazmiye, and Sena Aydoğan. "Predicting Bitcoin Mining Energy Consumption Using Machine Learning: A Case for k-Nearest Neighbors Regression." Bitlis Eren Üniversitesi Fen Bilimleri Dergisi 14, no. 1 (2025): 561–82. https://doi.org/10.17798/bitlisfen.1610560.

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The energy consumption of Bitcoin mining has emerged as a critical topic in cryptocurrency research, influenced by the significant environmental and economic impacts of blockchain activities. This study examines the energy consumption of Bitcoin mining with a dataset that includes essential blockchain variables such as overall hash rate, network difficulty, daily confirmed transactions, mempool size, average block size, and daily Bitcoin output. A new energy consumption indicator is proposed to contribute to the research domain. The proposed indicator better accurately reflects the dynamics of

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Ibañez, Juan Ignacio, and Alexander Freier. "Bitcoin’s Carbon Footprint Revisited: Proof of Work Mining for Renewable Energy Expansion." Challenges 14, no. 3 (2023): 35. http://dx.doi.org/10.3390/challe14030035.

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While blockchain and distributed ledger technology offer immense potential for applications in transparency, security, efficiency, censorship resistance, and more, they have been criticized due to the energy-intensive nature of the proof of work consensus algorithm, particularly in the context of Bitcoin mining. We systematically explore the state-of-the-art regarding the relationship between Bitcoin mining and grid decarbonization. We specifically focus on the role of flexible load response through proof of work mining as a potential contributor to renewable energy penetration and net decarbo

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Indriyanti, Indriyanti, Nurul Ichsan, Haerul Fatah, Tri Wahyuni, and Erni Ermawati. "IMPLEMENTASI ORANGE DATA MINING UNTUK PREDIKSI HARGA BITCOIN." Jurnal Responsif : Riset Sains dan Informatika 4, no. 2 (2022): 118–25. http://dx.doi.org/10.51977/jti.v4i2.762.

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Bitcoin merupakan salah satu aset kripto yang biasa digunakan untuk bertransaksi secara virtual dan merupakan tiga teratas dari cryptocurrency yang paling banyak diperdagangkan. Harga bitcoin dapat berubah setiap waktu, untuk itu diperlukan suatu prediksi harga bitcoin dimasa mendatang. Penelitian ini bertujuan untuk menerapkan aplikasi orange data mining dalam memprediski harga bitcoin dengan metode K-Nearest Neighbor (K-NN) dan Support Vector Machine (SVM). Prediksi kinerja dari kedua metode yang digunakan dapat dilihat dari hasil Root Mean Square Error (RMSE) dan Mean Absolute Error (MAE).

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Dimitri, Nicola. "Bitcoin Mining as a Contest." Ledger 2 (September 1, 2017): 31–37. http://dx.doi.org/10.5195/ledger.2017.96.

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This paper presents a simple game theoretic framework, assuming complete information, to model Bitcoin mining activity. It does so by formalizing the activity as an all-pay contest: a competition where participants contend with each other to win a prize by investing in computational power, and victory is probabilistic. With at least two active miners, the unique pure strategy Nash equilibrium of the game suggests the following interesting insights on the motivation for being a miner: while the optimal amount of energy consumption depends also on the reward for solving the puzzle, as long as th

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Bondarev, Mikhail. "ENERGY CONSUMPTION OF BITCOIN MINING." International Journal of Energy Economics and Policy 10, no. 4 (2020): 525–29. http://dx.doi.org/10.32479/ijeep.9276.

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Houy, Nicolas. "Rational mining limits Bitcoin emissions." Nature Climate Change 9, no. 9 (2019): 655. http://dx.doi.org/10.1038/s41558-019-0533-6.

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Singh, Pallaw, and Anchit Bijalwan. "Bitcoin Mining based Botnet Analysis." International Journal of Computer Applications 145, no. 6 (2016): 23–27. http://dx.doi.org/10.5120/ijca2016910719.

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Luo, Yizhi, and Jianhui Zhang. "An Optimised Bitcoin Mining Strategy." International Journal of Information Technologies and Systems Approach 16, no. 2 (2023): 1–19. http://dx.doi.org/10.4018/ijitsa.318655.

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Stale blocks are not avoidable in blockchain, such as the Bitcoin network, when proof-of-work is used as the consensus protocol. However, as the economic loss to the miners and the security risk to the network cannot be ignored, research is needed to identify and analyse stale blocks. By analysing the factors influencing the generation of stale blocks, the authors propose a new machine learning model based on XGBoost. They propose a new data collection method for bitcoin nodes to obtain real data for training prediction model. Then, based on the model, they generate optimal mining strategies a

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Hu, Junjie, Zhe Jiang, and Chunxiang Xu. "Greedy-Mine: A Profitable Mining Attack Strategy in Bitcoin-NG." International Journal of Intelligent Systems 2024 (January 29, 2024): 1–13. http://dx.doi.org/10.1155/2024/9998126.

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Bitcoin-NG is an extensible blockchain protocol based on the same trust model as Bitcoin. It divides each epoch into one keyblock and multiple microblocks, effectively improving the transaction processing capacity. Bitcoin-NG adopts a special incentive mechanism (i.e., the transaction fees in each epoch are split to the current and next leader) to maintain its security. However, there are some limitations to the existing incentive analysis of Bitcoin-NG in recent works. First, the incentive division method of Bitcoin-NG only includes some specific mining attack strategies of the adversary, whi

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Hossaion, Shohal, Mithun Bairagi, Jasmin Aktar, Umme Honey, and Samme Akter Mithy. "The Evolution of Bitcoin: A Historical Analysis and Future Prospects." iRASD Journal of Economics 5, no. 2 (2023): 241–52. http://dx.doi.org/10.52131/joe.2023.0502.0124.

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Bitcoin is the first decentralized digital currency that was introduced in 2009 and has since garnered significant attention from investors, governments, and the general public. This research article provides a comprehensive historical analysis of the evolution of Bitcoin, tracing its roots from its early days as a niche, experimental technology to its current status as a global financial phenomenon. The study explores the key events and milestones in Bitcoin's development, including the creation of the first block chain, the emergence of cryptocurrency exchanges, and the proliferation of Bitc

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Delgado-Mohatar, Oscar, Marta Felis-Rota, and Carlos Fernández-Herraiz. "The Bitcoin mining breakdown: Is mining still profitable?" Economics Letters 184 (November 2019): 108492. http://dx.doi.org/10.1016/j.econlet.2019.05.044.

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Houria, Azine, Bencherif Mohamed Abdelkader, and Guessoum Abderezzak. "A comparison between the secp256r1 and the koblitz secp256k1 bitcoin curves." Indonesian Journal of Electrical Engineering and Computer Science 13, no. 3 (2019): 910. http://dx.doi.org/10.11591/ijeecs.v13.i3.pp910-918.

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<p><span>Bitcoin uses elliptic curve cryptography for its keys and signatures, but the specific secp256k1 curve used is rather unusual. The ECDSA keys used to generate Bitcoin addresses and sign transactions are derived from some specific parameters. Due to this characteristic, several questions come up concerning Satoshi’s choice of this curve rather than that of the NIST standard secp256r1 curve. Former President Dan Brown’s address to Bitcoin users on the Bitcoin talk.org online forum concerning the use of secp256k1 in Bitcoin of SECG showed his surprise to see someone uses SECG

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Çulha, Davut. "Maximizing proof-of-work decentralization." Ingenieria Solidaria 20, no. 1 (2023): 1–16. http://dx.doi.org/10.16925/2357-6014.2024.01.04.

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Introduction: Blockchain technology is one of the emerging technologies that implements the concept of decentralization. The first application of this technology was with Bitcoin, which is a decentralized application. However, the decentralization of Bitcoin has become problematic due to the formation of mining pools. In this work, decentralization is intended to be maximized. Problem: Decentralization is the main concept of blockchain technologies. However, decentralization suffers mainly from mining pools in the Bitcoin network. Objective: In this work, the proposed solution to maximize upon

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Thalheimer, Erich. "Cryptocurrency mining noise: The cost of progress?" INTER-NOISE and NOISE-CON Congress and Conference Proceedings 264, no. 1 (2022): 13–19. http://dx.doi.org/10.3397/nc-2022-666.

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Love it or loathe it, Bitcoin and other cryptocurrencies are here to stay. Yet do you know how crypto is "manufactured"? It turns out to be a very noisy operation! Hundreds, if not thousands of powerful computer servers and processors are needed to solve the vexing Bitcoin mining algorithms. And those computers generate heat, a lot of heat (!), that must be cooled and ventilated, thus creating noise. This paper will describe the noise assessment and control efforts performed on a major Bitcoin mining operation in Tennessee. Megawatts of power are needed to support the operations, and the venti

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Henna, Abdul Azeez, and Vadivu G. "Rapid Prototyping of a Mining Application for Cryptocurrency Bitcoin." International Journal of Trend in Scientific Research and Development 1, no. 5 (2017): 736–39. https://doi.org/10.31142/ijtsrd2363.

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Bitcoin is the world's first completely decentralized peer to peer digital currency. The main reason behind using bitcoin is that of its low transaction fee compared to any other transfers like western union, credit card transaction etc. and bitcoin transactions are transparent. So we don't have to consider about tax problems.It avoids Taxation. Henna Abdul Azeez | G Vadivu "Rapid Prototyping of a Mining Application for Cryptocurrency: Bitcoin" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-5 , Au

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Semaan, Georgeio, Guizhou Wang, Tunç Durmaz, and Gopalakrishnan Kumar. "Empirical Insights into Economic Viability: Integrating Bitcoin Mining with Biorefineries Using a Stochastic Model." Systems 13, no. 5 (2025): 359. https://doi.org/10.3390/systems13050359.

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This study explores integrating Bitcoin mining with lignocellulosic biorefineries to create an additional revenue stream. Profits from mining can help offset internal costs, reduce business expenses, or lower consumer prices. Using sensitivity analysis and Monte Carlo simulations, this study identifies key profitability drivers, such as electricity costs, hardware expenses, starting year, and operational time. Time emerged as an extremely sensitive factor and showed that delaying mining operations significantly raised production costs and the probability of profitable outcomes. In contrast, lo

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Lisovskyi, Kostiantyn, Nikita Kyryndas, and Gleb-David Rochenovich. "THE CONSEQUENCES OF EL-SALVADOR'S ADOPTION OF CRYPTOCURRENCY AS LEGAL TENDER." Grail of Science, no. 23 (January 3, 2023): 220–29. http://dx.doi.org/10.36074/grail-of-science.23.12.2022.33.

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The mini-project is an experimental one. In this research the data is utilized to analyze an Impact of bitcoin adoption and mining on its economy with lighting up of some major energy sources that El Salvador uses to generate cryptocurrencies and to study influence of mining and crypto-adoption on El-Salvador’s financial system and nature. Next point is to focus on quantitative research with some Technique for Collecting Secondary-Data – main methods with help of which the information was gathered and evaluate. In mini-project would be included: Adoption of crypto (Bitcoin) law in El-Salvador,

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Dr., Nirmla Sharma. "Emerging Trends of web Mining Through Cloud Mining (Bitcoin) in Business Companies." International Journal of Engineering and Advanced Technology (IJEAT) 13, no. 2 (2023): 1–6. https://doi.org/10.35940/ijeat.B4319.1213223.

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<strong>Abstract:</strong> In this paper we show research about how to mine valuable knowledge on the web mining through cloud mining in business companies and comparison about web mine. This paper illustrates the recent, previous, and upcoming web mining by cloud mining. Now we initiate real-time data set for recovery facts on the network i.e., web content mining, and the detection of client approach relationships from cloud servers, i.e., web management mining that enhance the web mining problems. Moreover, we similarly illustrated web mining through cloud mining in business companies. Cloud

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Niu, Jianyu, Ziyu Wang, Fangyu Gai, and Chen Feng. "Incentive Analysis of Bitcoin-NG, Revisited." ACM SIGMETRICS Performance Evaluation Review 48, no. 3 (2021): 59–60. http://dx.doi.org/10.1145/3453953.3453966.

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Bitcoin-NG is among the first scalable blockchain protocols by decoupling blockchain operation into two planes: leader election and transaction serialization. Its decoupling idea has inspired a new generation of blockchain protocols. However, the existing incentive analysis of Bitcoin-NG has several limitations. First, the impact of network capacity is ignored. Second, an integrated incentive analysis that jointly considers both key blocks and microblocks is still missing. In this paper, we aim to address these two limitations. First, we propose a new incentive analysis that takes the network

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Meynkhard, Artur. "Fair market value of bitcoin: halving effect." Investment Management and Financial Innovations 16, no. 4 (2019): 72–85. http://dx.doi.org/10.21511/imfi.16(4).2019.07.

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The purpose of this article is to analyze the effect that halving has on the fair market value of bitcoins. The main hypothesis of the study is that the decline in the cost of miners’ remuneration for mining is a significant factor that affects the price of cryptocurrencies. The article examines the factors that regulate the issuing process. The significance of a limited supply of bitcoin is detailed in the article, as well as the mechanism for the implementation of the issue of new bitcoins. The study compares the historical inflation data of the US dollar and the projected data on the inflat

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Tazkiyyaturrohmah, Rifqy, and Muhammad Tahrizul Amin. "LAW OF BITCOIN INVESTMENT." At-Tasyri': Jurnal Hukum dan Ekonomi Syariah 2, no. 02 (2022): 1–19. http://dx.doi.org/10.55380/tasyri.v2i02.186.

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This research aimed to understand the Bitcoin investment mechanism and the legal expert opinion towards it. The research used empirical juridical method with sociological juridical approach. The results shown the investment mechanism divided into mining and trading activity. The legal expert opines, in Islamic views, mining is allowed to do because there were two akad forms did and has no element of maysîr on it, also, Bitcoin trading is allowed to do while compatible with sharia principal. Whereas in positive law views, these two activities cannot be shaded by the existing regulation, such as

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Thiele, Clemens. "OGH: Bitcoin-Mining kein illegales Glücksspiel." Zeitschrift für Informationsrecht 10, no. 2 (2022): 167. http://dx.doi.org/10.33196/ziir202202016701.

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Köhler, Susanne, and Massimo Pizzol. "Life Cycle Assessment of Bitcoin Mining." Environmental Science & Technology 53, no. 23 (2019): 13598–606. http://dx.doi.org/10.1021/acs.est.9b05687.

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Azine, Houria, Mohamed Abdelkader Bencherif, and Abderezzak Guessoum. "A comparison between the secp256r1 and the koblitz secp256k1 bitcoin curves." Indonesian Journal of Electrical Engineering and Computer Science 13, no. 3 (2019): 910–18. https://doi.org/10.11591/ijeecs.v13.i3.pp910-918.

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Bitcoin uses elliptic curve cryptography for its keys and signatures, but the specific secp256k1 curve used is rather unusual. The ECDSA keys used to generate Bitcoin addresses and sign transactions are derived from some specific parameters. Due to this characteristic, several questions come up concerning Satoshi’s choice of this curve rather than that of the NIST standard secp256r1 curve. Former President Dan Brown’s address to Bitcoin users on the Bitcoin talk.org online forum concerning the use of secp256k1 in Bitcoin of SECG showed his surprise to see someone uses SECG secp256k

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Geels, Jacob. "Electrical power consumption reduction in the bitcoin mining process using phase change material." Future Energy 1, no. 1 (2022): 12–15. http://dx.doi.org/10.55670/fpll.fuen.1.1.10.

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In this paper, the idea of applying phase change materials (PCMs) as a method of energy use reduction in bitcoin mining will be investigated. The possible applications discussed include the implementation of PCMs in the mining equipment itself, the integration of PCMs into the mining warehouse envelope, and the use of PCMs in air conditioning systems. These applications aim to decrease energy requirements for warehouse climate control systems by decreasing their cooling load, and by increasing the efficiency of the miners by keeping them at a cooler operating temperature. This reduction in ene

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Aljabr, Ahmad Abdullah, Avinash Sharma, and Kailash Kumar. "Mining Process in Cryptocurrency Using Blockchain Technology: Bitcoin as a Case Study." Journal of Computational and Theoretical Nanoscience 16, no. 10 (2019): 4293–98. http://dx.doi.org/10.1166/jctn.2019.8515.

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A new digital currency in the form virtual cash, known as Bitcoin was acquainted with the world by Satoshi in 2009. Bitcoin is the most notable computerized money. It is based on peer-to-peer distributed system with no central authority controlling it. It is based on the technique known as Blockchain, a kind of peer-to-peer ledger system containing the record of all transactions. All set of transactions are logged in the blocks. The new transactions generated by the users are broadcasted using signed blocks to verify over the Bitcoin network. The transaction is verified by mining process and a

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