logo

Analysis of Bitcoin Cryptocurrency and Its Mining Techniques

PDF Publication Title:

Analysis of Bitcoin Cryptocurrency and Its Mining Techniques ( analysis-bitcoin-cryptocurrency-and-its-mining-techniques )

Previous Page View | Next Page View | Return to Search List

Text from PDF Page: 010

LIST OF FIGURES Figure 1: Centralized System........................................................................................................................5 Figure 2: Decentralized System .................................................................................................................... 5 Figure 3: Bitcoin System Vs. Current System. ............................................................................................. 6 Figure 4: Bitcoin Price History ..................................................................................................................... 7 Figure 5: Bitcoin Wallet................................................................................................................................ 9 Figure 6: Bitcoin Transaction ..................................................................................................................... 11 Figure 7: Bitcoin peer-to-peer network....................................................................................................... 11 Figure 8: Python programming for hashing the input.................................................................................12 Figure 9: Output of the hashed value .......................................................................................................... 13 Figure 10: SHA 256 block diagram ............................................................................................................ 14 Figure 11: Blocks linked together ............................................................................................................... 15 Figure 12: Structure of a block ................................................................................................................... 17 Figure 13: Chain of blocks in the blockchain ............................................................................................. 17 Figure 14: Merkle tree ................................................................................................................................ 18 Figure 15: Bitcoin mining using several FPGAs ........................................................................................ 21 Figure 16: Antminer S9 for Bitcoin mining................................................................................................21 Figure 17: Working mechanism of bitcoin blockchain...............................................................................23 Figure 18: Flowchart of a Bitcoin mining process......................................................................................26 Figure 19: Bitcoin mining rewards ............................................................................................................. 28 Figure 20: Block vs. block reward .............................................................................................................. 28 Figure 21: Hardware comparison with reference to hash rate .................................................................... 33 Figure 22: Hardware comparison with reference to power use .................................................................. 33 Figure 23: Hardware comparison based on price, power and hash rate...................................................... 35 Figure 24: Growth of the Bitcoin Market from 2013 to 2019..................................................................... 39 Figure 25: Percentage of total market capital (Dominance) ....................................................................... 40 Figure 26: Bitcoin (BTC) ATM machines around the world......................................................................42 Figure 27: Growth of Crypto ATM installations around the world ............................................................ 42 Figure 28: Bitcoin Mining Pools across the globe. ..................................................................................... 45 Figure 29: Historical districution of BTC mining pool............................................................................... 46 Figure 30: Daily mined blocks by mining pool .......................................................................................... 47 Figure 31: Difficulty of mining................................................................................................................... 48 Figure 32: Bitcoin Hash rate ....................................................................................................................... 49 Figure 33: Transaction fee per day ............................................................................................................. 50 Figure 34: Real-time mined Bitcoin blockchain by respective pools ......................................................... 52 Figure 35: Poolin mining pool .................................................................................................................... 53 Figure 36: AntPool mining pool ................................................................................................................. 54 Figure 37: SlushPool mining pool .............................................................................................................. 54 Figure 38: Average electricity cost to mine 1 BTC .................................................................................... 57 viii

PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques

analysis-bitcoin-cryptocurrency-and-its-mining-techniques-010

PDF Search Title:

Analysis of Bitcoin Cryptocurrency and Its Mining Techniques

Original File Name Searched:

Analysis of Bitcoin Cryptocurrency and Its Mining Techniques.pdf

DIY PDF Search: Google It | Yahoo | Bing

NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info

IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info

Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info

Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info

Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info

NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info

Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info

CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com | RSS | AMP