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Pricing ASICs for Cryptocurrency Mining. (arXiv:2002.11064v4 [cs.CR] UPDATED)
cs.CR updates on arXiv.org arxiv.org
Cryptocurrencies that are based on Proof-of-Work (PoW) often rely on special
purpose hardware to perform so-called mining operations that secure the system,
with miners receiving freshly minted tokens as a reward for their work. A
notable example of such a cryptocurrency is Bitcoin, which is primarily mined
using ASIC based machines. Due to the supposed profitability of cryptocurrency
mining, such hardware has been in great demand in recent years, in-spite of
high associated costs like electricity.
In this work, we …
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