Comparative Analysis of Bitcoin Mining Machines and Their Global Environmental Impact-Reference-Cited by-同舟云学术

Comparative Analysis of Bitcoin Mining Machines and Their Global Environmental Impact

Published:2024-07-30 Issue: Volume:11 Page:
ISSN:2032-9407
Container-title:ICST Transactions on Scalable Information Systems
language:
Short-container-title:ICST Transactions on Scalable Information Systems

Author:

Mcnally Kevin,Kolivand Hoshang

Abstract

The amount of power required to mine one Bitcoin (BTC) can vary significantly depending on several factors, including the type of mining hardware being used, its efficiency, the cost of electricity, and the overall network difficulty at any given time. Mining BTC involves solving complex mathematical problems to validate transactions on the blockchain network, which requires significant computational power. This research paper focuses on dedicated mining machines, combining essential data and information into a singular comparison evaluation of these machines.

Publisher

European Alliance for Innovation n.o.

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