In pursuance of my thesis I dealt the mathematical substrata of the Bitcoin, as a digital currency. In addition, I designed and realized a modular hardware, which is able to the Bitcoin mining.
Bitcoin is a distributed, peer-to-peer digital currency. The concept was introduced in 2008 by "Satoshi Nakamoto" (pseudonymous developer). This digital currency functions without the intermediation of any central authority (financial institution). The system uses cryptography to control transactions and prevent double-spending, a main problem for digital currencies.
I traced bibliographical for the Bitcoin. I collected the system’s working principals and the digital currency’s advantages and disadvantages. After that, I compared the various mining methods’ speed and energy efficiency.
I chose one available miner ASIC from the market and I documented the most important properties and operation principles.
I designed a modular miner hardware at system and circuit level. After that, I realized the modules and tested them functionally and thermally in laboratory and the whole system in real environment. I documented the test results and qualified the hardware’s speed and energy efficiency.