Paper title: The Evolution of the Processing Power Needed by the Primary Cryptocurrencies and its profit.
DOI: https://doi.org/10.4316/JACSM.201801007
Published in: Issue 1, (Vol. 12) / 2018Download
Publishing date: 2018-04-19
Pages: 44-49
Author(s): SFICHI Ștefan
Abstract. This paper intends to follow the evolution of the processing power needed to mine cryptocurrencies. Because by this year, 2018, they evolved to being over 1500 cryptos, we shell consider reviewing the first 5: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin (a hierarchy given by coinmarketcap.com. We shall closely overview the first 2: Bitcoin (BTC) and Ethereum (ETH – Ether)
Keywords: Processing Power, Cryptocurrencies, Evolution Of Crypto, Money And The Cost Of Crypto
References:

1. A. Narayanan, J. Bonneau, E. Felten, A Miller, S. Goldfeder. Bitcoin and cryptocurrency technologies – A Comprehensive Introduction. Princeton University Press , ISBN 978-0-691-17169-2, 2016.

2. https://coinmarketcap.com/all/views/all/

3. https://en.wikipedia.org/wiki/History_of_bitcoin

4. http://www.hackmiami.org/whitepapers/HackMiami-Analysis_of_the_Cryptocurrency_Marketplace.pdf

5. https://publixphere.net/i/noc/page/IG_Case_Study_Bitcoin_and_Autonomous_Systems

6. https://www.forbes.com/sites/christopherhelman/2018/01/16/bitcoin-mining-uses-as-much-power-as-ireland-and-why-thats-not-a-problem/#653d80044589

7. https://www.pri.org/stories/2018-03-11/hackers-find-processing-power-they-need-mining-cryptocurrencies-through

8. https://scholar.google.ro/scholar?hl=ro&as_sdt=0%2C5&q=cryptocurrency&btnG=&oq=crypto

9. https://coinmarketcap.com/

10. https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280

11. https://www.bitcoinmining.com/bitmain-antminer-s9-review-bitcoin-mining/

12. https://www.cryptocompare.com/mining/calculator/btc?HashingPower

13. https://www.anythingcrypto.com/guides/best-bitcoin-mining-hardware-2018

14. https://www.forbes.com/sites/christopherhelman/2018/01/16/bitcoin-mining-uses-as-much-power-as-ireland-and-why-thats-not-a-problem/#79f2817f4589

15. https://en.wikipedia.org/wiki/Ethereum

16. https://venturebeat.com/2018/02/25/the-real-cost-of-mining-ethereum/

17. https://www.buybitcoinworldwide.com/ethereum/mining-hardware/

18. https://www.techradar.com/news/best-mining-gpu

19. https://hothardware.com/reviews/ethereum-mining-analysis-gpu-performance-and-optimization?page=2

20. https://cryptocoincharts.info/pair/eth/btc/poloniex/alltime

21. https://en.wikipedia.org/wiki/Electricity_pricing

22. https://en.bitcoin.it/wiki/Difficulty

23. https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart

24. https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

25. https://pixabay.com

Back to the journal content
Creative Commons License
This article is licensed under a
Creative Commons Attribution-ShareAlike 4.0 International License.
Home | Editorial Board | Author info | Archive | Contact
Copyright JACSM 2007-2020