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Title: Bitcoin Mining Optimisations! (38% improvement in the Bitcoin mining process) Post by: Castiel13 on November 07, 2013, 09:53:00 AM Hey there,
As a part of my masters thesis, I worked on how to mine Bitcoins faster and in a more efficient manner. The final result was that we were able to achieve a 38% speedup against traditional mining. A Swedish Mining company claims 30% speedup and has kept it a secret. But we have decided to make it open source and have finally publised our work which can be found here: "The Unreasonable Fundamental Incertitudes Behind Bitcoin Mining" http://arxiv.org/abs/1310.7935 Implementing these improvements will allow the Bitcoin network to save millions of dollars every year in electricity bills! I had to post this here as I am new to the forum(but obviously not new to Bitcoin mining)! Happy reading and let me know what you think! Title: Re: Bitcoin Mining Optimisations! (38% improvement in the Bitcoin mining process) Post by: o999 on November 08, 2013, 12:51:57 AM I saw some very interesting issues raised in your paper.
In particular, I agree that the reward halving every four years is unjust and unnecesarily abrupt. Cheers. |