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Cryptocurrency mining processes always lead to a high energy consumption at considerably high production cost, which is nearly one-third of cryptocurrency (e.g. Bitcoin) price itself. As the core of mining process is based on SHA-256…

Emerging Technologies · Computer Science 2024-01-23 Ahmet Orun , Fatih Kurugollu

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…

Cryptography and Security · Computer Science 2023-10-20 Aviv Yaish , Aviv Zohar

Cryptographic operations are critical for securing IoT, edge computing, and autonomous systems. However, current RISC-V platforms lack efficient hardware support for comprehensive cryptographic algorithm families and post-quantum…

Hardware Architecture · Computer Science 2026-02-05 Anh Kiet Pham , Van Truong Vo , Vu Trung Duong Le , Tuan Hai Vu , Hoai Luan Pham , Van Tinh Nguyen , Yasuhiko Nakashima

As blockchain technology and cryptocurrency become increasingly mainstream, ever-increasing energy costs required to maintain the computational power running these decentralized platforms create a market for more energy-efficient hardware.…

Envisioned to be the future of secured distributed systems, blockchain networks have received increasing attention from both the industry and academia in recent years. However, blockchain mining processes demand high hardware costs and…

Cryptography and Security · Computer Science 2020-02-28 Minghong Fang , Jia Liu

Does the proof-of-work protocol serve its intended purpose of supporting decentralized cryptocurrency mining? To address this question, we develop a game-theoretical model where miners first invest in hardware to improve the efficiency of…

Trading and Market Microstructure · Quantitative Finance 2021-06-21 Agostino Capponi , Sveinn Olafsson , Humoud Alsabah

Cybercriminals have been exploiting cryptocurrencies to commit various unique financial frauds. Covert cryptomining - which is defined as an unauthorized harnessing of victims' computational resources to mine cryptocurrencies - is one of…

Cryptography and Security · Computer Science 2020-12-16 Ankit Gangwal , Samuele Giuliano Piazzetta , Gianluca Lain , Mauro Conti

A new variation of blockchain proof of work algorithm is proposed to incentivize the timely execution of image processing algorithms. A sample image processing algorithm is proposed to determine interesting images using analysis of the…

Cryptography and Security · Computer Science 2017-07-17 Jake Billings

Proof-of-Work (PoW) is a fundamental underlying technology behind most major blockchain cryptocurrencies. It has been previously pointed out that quantum devices provide a computational advantage in performing PoW in the context of Bitcoin.…

Quantum Physics · Physics 2021-05-06 Dan A. Bard , Joseph J. Kearney , Carlos A. Perez-Delgado

Mining in proof-of-work blockchains has become an expensive affair requiring specialized hardware capable of executing several megahashes per second at huge electricity costs. Miners earn a reward each time they mine a block within the…

Networking and Internet Architecture · Computer Science 2023-08-30 Arti Vedula , Abhishek Gupta , Shaileshh Bojja Venkatakrishnan

This paper opts to mitigate the energy-inefficiency of the Blockchain Proof-of-Work (PoW) consensus algorithm by rationally repurposing the power spent during the mining process. The original PoW mining scheme is designed to consider one…

Cryptography and Security · Computer Science 2020-07-09 Noureddine Lasla , Lina Alsahan , Mohamed Abdallah , Mohamed Younis

Most cryptocurrencies rely on Proof-of-Work (PoW) "mining" for resistance to Sybil and double-spending attacks, as well as a mechanism for currency issuance. Hashcash PoW has successfully secured the Bitcoin network since its inception,…

Cryptography and Security · Computer Science 2020-02-04 Michael Dubrovsky , Marshall Ball , Bogdan Penkovsky

Proof of Work (PoW) blockchains burn a lot of energy. Proof-of-work algorithms are expensive by design and often only serve to compute blockchains. In some sense, carbon-based and non-carbon based regional electric power is fungible. So the…

Cryptography and Security · Computer Science 2024-04-09 Agron Gemajli , Shivam Patel , Phillip G. Bradford

Proof-of-Work (PoW) consensus mechanism is popular among current blockchain systems, which leads to an increasing concern about the tremendous waste of energy due to massive meaningless computation. To address this issue, we propose a novel…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-11-15 Canhui Chen , Zerui Cheng , Shutong Qu , Zhixuan Fang

Cryptographic computations are fundamental to modern computing, ensuring data confidentiality and integrity. However, these operations are highly vulnerable to power side-channel attacks that exploit variations in power consumption to leak…

Cryptography and Security · Computer Science 2026-02-25 Amisha Srivastava , Muskan Porwal , Kanad Basu

We propose a blockchain architecture in which mining requires a quantum computer. The consensus mechanism is based on proof of quantum work, a quantum-enhanced alternative to traditional proof of work that leverages quantum supremacy to…

Specialized hardware like application-specific integrated circuits (ASICs) remains the primary accelerator type for cryptographic kernels based on large integer arithmetic. Prior work has shown that commodity and server-class GPUs can…

Cryptography and Security · Computer Science 2025-09-17 Naifeng Zhang , Sophia Fu , Franz Franchetti

Cryptographic algorithms such as AES-128 and SHA-256 are fundamental to ensuring data security and integrity. Although these algorithms are computationally efficient, their performance is often constrained by the processor-centric…

Cryptography and Security · Computer Science 2026-05-20 Nicola Barcarolo , Brahmaiah Gandham , Mohammad Sadrosadati , Roberto Passerone , Onur Mutlu , Flavio Vella

Despite all the progress in quantum technologies over the last decade, there is still a dearth of practical applications for quantum computers with a small number of noisy qubits. The effort to show quantum supremacy has been largely…

Quantum Physics · Physics 2022-05-06 Mikhail Y. Shalaginov , Michael Dubrovsky

Blockchain-based cryptocurrencies have become an extremely important, highly-used, technology. A major criticism of cryptocurrencies, however, is their energy consumption. In May 2022 Bitcoin alone was reported to be consuming 150…

Quantum Physics · Physics 2023-06-07 Joseph Kearney , Carlos A Perez-Delgado
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