A Study on the Comparative Analysis of Bitcoin Miner
Jong-Bae Kim1, Hyungwoo Park2
1Jong-Bae Kim, School of Startup Support Foundation, Soongsil University, Sangdo-Ro, Dongjak-Gu, Seoul, Korea.
2Hyungwoo Park, School of Electonic Engineering, Soongsil University, Sangdo-Ro, Dongjak-Gu, Seoul, Korea.
Manuscript received on 05 March 2019 | Revised Manuscript received on 12 March 2019 | Manuscript Published on 20 March 2019 | PP: 459-463 | Volume-8 Issue- 4S2 March 2019 | Retrieval Number: D1S0100028419/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Many of the cryptocurrency, such as bitcoin, have introduced a job proof scheme for the normal operation of the block chain network. This is entirely dependent on the computing power of the participating computer, and Satoshi Nakamoto has described it as “one-CPU-one-vote” in his paper on bitcoin. In order to maintain the block-chain network, a series of operations carried out by the node is called mining. In the early days of the bitcoin, Bitcoin Client (now Bitcoin-Core) was itself a mining software, and the mining hardware was a plain PC CPU. At that time, Satoshi Nakamoto advocated mining using only the CPU, saying, “Anyone can compete fairly equally (CPU mining) is good”, and postpone the GPU arms race. However, the SHA-256 hash algorithm used in the bitcoin was, by its nature, overwhelmingly faster than GPU-based computation over CPU, which meant that it would be money. This led to the GPU mining boom, which continued until around 2014. However, this plot collapsed sharply as mining equipment using ASIC appeared. ASIC refers to an application-specific semiconductor, in this case an integrated circuit designed to perform only mining operations from the hardware stage. The ASIC mining equipment, led by Bitmain’s Antminer, was nothing but a useless piece of silicon except that the mining performance was so fast that it could not be compared to CPU or GPU, so we replaced the GPU mining equipment at a rapid pace. As the ASIC digger manufacturer and the holder of the digger are positioned as a force and begin to threaten the identity of the bitcoin called “one-CPU-one-vote” and “decentralization”, passwords such as the latecomer Etherium are difficult to manufacture ASIC and has begun adopting a proprietary hash algorithm. This has sparked demand for GPU mining again, and by 2017 it has resulted in a massive shortage of graphics card supplies. This paper analyses the problems of various mining methods and compares the performance. This will expand the range of mining methods that users can choose from, and suggest ways that various users can easily participate.
Keywords: Bitcoin, Cryptocurrency, Miner, ASIC, GPU.
Scope of the Article: Computer Architecture and VLSI