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As mining evolves, more and more companies begin manufacturing dedicated hardware for Bitcoin mining. The most popular Bitcoin miners on the market are [18]: EBIT E11++, Terminator T3, Antminer S15, DragonMint T1, Antminer S9, AvalonMiner 841, etc. The specifications of these Bitcoin Miners are shown in Table 3. SN BTC Miner 1 Ebit E11++ 2 Terminator T3 3. Antminer S15 4 DragonMint T1 5 Antminer 6 AvalonMiner 841 Manufacturer Ebang Innosilicon Bitmain Halong Mining Bitmain Canaan Power Hash consumption rate 2000W 44TH/s 2100W 43TH/s 1600W 28TH/s 1480W 16TH/s 1350W 14.5TH/s 1290W 13.6TH/s Efficiency 0.096 J/GH 0.098J/Gh 0.0925J/GH 0.093J/GH 0.099J/GH Chip Noise process level 10nm 75db 10nm 75db 7nm 75db 10nm 75db 16nm 76db 16nm 65db Table 3: The list of popular Bitcoin mining hardware as of 2019. The miner uses the processing power of their hardware to solve the complex mathematical puzzle and validate the block. Bitcoin mining is the process of adding transaction records to Bitcoin public ledger [6]. A transaction is only considered to be valid when the sender signs it. The difficulty of mining gets harder as more miners join the network. The Bitcoin protocol is adjusted in such a way that a block is verified and added to the blockchain network in an average of 10 minutes. The block having Proof of Work is considered to be a valid block. Reward is provided to the miner who successfully mines a block. The miners are provided with Bitcoin as a reward (currently, 12.5 Bitcoin per block) for their work done on verifying the 22PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques
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