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Energy efficiency of the bitcoin mining hardware and related blockchain technology

Noor Faiqah Izzati, Afandi (2018) Energy efficiency of the bitcoin mining hardware and related blockchain technology. Faculty of Computer System & Software Engineering, Universiti Malaysia Pahang.

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Abstract

Nowadays, traders used bitcoin as a platform in making transaction such as exchanging money, without any involvement of a third party or central bank. Bitcoin becomes a phenomenon in this modernization era but the research devoted to the energy efficiency of bitcoins and related blockchain technology is still weakly considered in scientific literature. Especially the energy efficiency for the hardware of bitcoin mining were not considered as a problem in bitcoin mining. The existing approaches in modelling the of bitcoin technology and the hardware of bitcoins were analyzed through this research. The research proposes new formula and algorithm which allows the evaluation of energy efficiency for the hardware of bitcoins mining. MATLAB is used in developing and validation the algorithm. Dataset was selected from open sources and applied in the proposed formula to evaluate and predict energy efficiency of bitcoin mining hardware. Developers of bitcoin hardware systems and bitcoin miners are the possible users of proposed formula and algorithm.

Item Type: Undergraduates Project Papers
Additional Information: Project Paper (Bachelors of Computer Science (Computer Systems & Networking)) -- Universiti Malaysia Pahang – 2018, SV: PROF. DR. VITALIY MEZHUYEV, e-Thesis
Uncontrolled Keywords: Bitcoin mining; blockchain technology; MATLAB
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Q Science > QA Mathematics > QA76 Computer software
Faculty/Division: Faculty of Computer System And Software Engineering
Depositing User: Mrs. Sufarini Mohd Sudin
Date Deposited: 16 Dec 2019 08:53
Last Modified: 17 Dec 2019 04:13
URI: http://umpir.ump.edu.my/id/eprint/26974
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