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Chapter 4 ANALYSIS AND PROPOSED SOLUTION Bitcoin mining is a difficult thing since it requires a lot of hardware and power. We tried to mine Bitcoin on Desktop Pc, laptop and few other FPGA boards. However, we could not mine Bitcoins to come up with a better solution by comparing several factors and implementing a new approach. This is due to the low computation power of the hardware that was used. The hash rate achieved by the hardware that are used for mining Bitcoin is shown in Table 5. Specifications Intel® CoreTM i7-2600 CPU @3.4GHz (8CPUs) 8 GB RAM(Windows PC) Intel® CoreTM i5-4200 CPU @2.3GHz (4CPUs) 6 GB RAM(Windows Laptop) Intel® CoreTM i5-7200 CPU @2.3GHz (2CPUs) 8 GB RAM (Macbook Pro) Bitman Antminer U2 (USB Miner) Table 5: Hardware used for Bitcoin mining Hash rate 260.5 KH/S 187.6 KH/S 16MH/S 2.2 GH/S The hash rate given by the hardware on Table 5 was on Kilohashes/second, Megahashes/second, and Gigahashes/second which is very low compared to Exahashes/sec hash rate as of today. Since they are the first generation and second generation Bitcoin mining hardware we could not come close to today’s fourth generation mining hardware performance. Getting new hardware for the purpose of this thesis is extremely expensive and not feasible since there is no guarantee of mining Bitcoin in the given timeframe just by buying expensive hardware. 38PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques
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