Bitcoin Mining Technology
Bitcoin network functions on cryptographic technology and thrives on mining, an incentivized technique to generate new bitcoins. In this chapter, we describe the fundamentals of Bitcoin system, underlying technical aspects of the network and mining process. We have also assessed the methods of mining, the concerned opportunities and implications for the benefit of potential miners. Furthermore, we have also provided a comparison of existing mining pools, different types of pool reward schemes, and the recent innovations in the Bitcoin industry.
Bitcoin mining, Bitcoin technology, Block, Blockchain, Block structure, Block hash, Bitcoin address, Bitcoin hardware, Bitcoin software, CPU, GPU, FPGA, ASIC, Bitcoin contracts, Mining pool, Mining reward
Business | E-Commerce
Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data
Lee, David K. C.
Elsevier Academic Press
City or Country
BHASKAR, Nirupama Devi and Lee, Kuo Chuen.
Bitcoin Mining Technology. (2015). Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data. 45-65. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/4216