Asynchronous Mining of Ethereum Cryptocurrency

Sukharev, Pavel V.; Silnov, Dmitry S.

doi:10.1109/itmqis.2018.8524929

Cited by 6 publications

(6 citation statements)

References 7 publications

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“…The main feature of this algorithm is that it consumes the entire available memory access bandwidth; hence making memory reads the bottleneck of the whole computation process. This high load is based on using a large data structure called DAG, during mining [45]. If the number of correctly calculated Ethash function values for a given clock frequency turned out to be less than the number of correctly calculated Ethash function values for a lower frequency, then the experiment can be considered completed [46].…”

Section: Fig 2 Transaction Block Validation and Addition Flowmentioning

confidence: 99%

An Ethereum Private Network for Data Management in Blockchain of Things Ecosystem

Alzoubi

Saadeddin²,

Dmour³

2023

Int. J. Onl. Eng.

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The advent of blockchain technology in the development and design of smart internet of things (IoT) systems offers the opportunity to secure and transfer data flow, preserve its integrity, and provide transparent mechanisms for its management. Blockchain has actually attracted applications in vital fields because it provides many advantages over centralized database such as traceability, confidentiality, availability and trust. A private network offers the most secure and peer-restricted environment for big data flow, specifically in IoT ecosystems. An integrated blockchain-IoT ecosystem in which three Raspberry Pi 4 nodes communicate and interact in a closed loop to control smart applications via an Ethereum platform in a secure and an efficiently emulated environment is piloted. The proposed blockchain of things (BCoT) ecosystem adds a new layer to the physical, network and application layers of a typical IoT architecture. The concept of a fully decentralized private Ethereum BCoT network may find applications in several fields that call for the removal of single-point of failure and ensures data integrity and transparency.

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Section: Fig 2 Transaction Block Validation and Addition Flowmentioning

confidence: 99%

An Ethereum Private Network for Data Management in Blockchain of Things Ecosystem

Alzoubi

Saadeddin²,

Dmour³

2023

Int. J. Onl. Eng.

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“…A brand-new block is formed by one of the Bitcoin network's miners. Miners receive twenty-five supplementary Bitcoins in each ten-minute per block [5]; these species of mining create group action hashes. A miner knows how to store their block in an unending cycle extent achievable, employing a vast range of processor cycles and, as a result, a large quantity of electricity [5].…”

Section: Introductionmentioning

confidence: 99%

A Novel Optimization for GPU Mining Using Overclocking and Undervolting

et al. 2022

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Cryptography and associated technologies have existed for a long time. This field is advancing at a remarkable speed. Since the inception of its initial application, blockchain has come a long way. Bitcoin is a cryptocurrency based on blockchain, also known as distributed ledger technology (DLT). The most well-known cryptocurrency for everyday use is Bitcoin, which debuted in 2008. Its success ushered in a digital revolution, and it currently provides security, decentralization, and a reliable data transport and storage mechanism to various industries and companies. Governments and developing enterprises seeking a competitive edge have expressed interest in Bitcoin and other cryptocurrencies due to the rapid growth of this recent technology. For computer experts and individuals looking for a method to supplement their income, cryptocurrency mining has become a big source of anxiety. Mining is a way of resolving mathematical problems based on the processing capacity and speed of the computers employed to solve them in return for the digital currency incentives. Herein, we have illustrated benefits of utilizing GPUs (graphical processing units) for cryptocurrency mining and compare two methods, namely overclocking and undervolting, which are the superior techniques when it comes to GPU optimization. The techniques we have used in this paper will not only help the miners to gain profits while mining cryptocurrency but also solve a major flaw; in order to mitigate the energy and resources that are consumed by the mining hardware, we have designed the mining hardware to simultaneously run longer and consume much less electricity. We have also compared our techniques with other popular techniques that are already in existence with respect to GPU mining.

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“…Cryptocurrencies are a relatively new and rapidly growing subject in the modern digital economy. It is a digital currency that usually has decentralized accounting and precise control of money and currency supply (Sukharev and Silnov, 2018). The use of cryptocurrencies in response to the financial crises created in year 2 has been considered by governments and the central bank (Weber, 2016).…”

Section: Introductionmentioning

confidence: 99%

“…These currencies are based on the blockchain, which is only one notebook (Sai, Buckley, and Le Gear, 2019). Blockchain is a data structure that displays a list of blocks and stores information about the status of the encrypted currency system (Sukharev and Silnov, 2018). Blockchain is a block containing all transactions with that block's hash file as well as the earlier hash block (Ghimire, and Selvaraj, 2018).…”

Section: Introductionmentioning

confidence: 99%

“…Blockchain is a block containing all transactions with that block's hash file as well as the earlier hash block (Ghimire, and Selvaraj, 2018). The block is used to store a list of all encoded currency transactions and information on its provision, sometimes containing user wallet status information (Sukharev and Silnov, 2018). Applications known as wallets and swaps provide user access to this notebook.…”

Section: Introductionmentioning

confidence: 99%

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Identification and prioritization of the challenges of using cryptocurrencies in international transactions

Tavasoli

2020

Rev. Elect. Invest. Ciencias Econ.

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Cryptocurrencies have attracted the attention of many investors, entrepreneurs, regulators and the public today. By popular definition, the cryptocurrency is an asset in a blockchain that can be transferred between actors on the scene of exchange and hence used as a payment instrument. Completely decentralized cryptocurrencies such as Bitcoin have attracted public interest and are far more successful than previous e-money. Despite the importance of these currencies, in third world countries like Iran country, people don't interest in using these types of currencies to their trading. So, in this study, we find and rank the challenges of using cryptocurrencies in international trading. To this end, the challenges of using cryptocurrencies were identified by reviewing the literature. Then, the identified factors were prioritized using the AHP technique. In general, four criteria and twenty-eight criteria were compared. The results show that technical factors are the most important criteria in comparison with the purpose; the risk-taking is the most important person reason; the negative attitude to cryptocurrencies in society is the most important social reason; the lack of sufficient funds to develop the use of cryptocurrencies, and the failure to properly find the parties to the transaction is the most important technical reason which can affect cryptocurrencies adoption in international trading.

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Asynchronous Mining of Ethereum Cryptocurrency

Cited by 6 publications

References 7 publications

An Ethereum Private Network for Data Management in Blockchain of Things Ecosystem

An Ethereum Private Network for Data Management in Blockchain of Things Ecosystem

A Novel Optimization for GPU Mining Using Overclocking and Undervolting

Identification and prioritization of the challenges of using cryptocurrencies in international transactions

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