Wednesday, February 17, 2016

Mining Bitcoins Faster.


             Bitcoins seems to be an illegal word for many but it is just a virtual money without any centralized principles as Dollar or Rupee. Bitcoins can be used for many trade and #Mining Bitcoins is one of the difficult task for the users. Recently a loophole has been revealed which reduces mining time.

             Bitcoins can be multiplied or mined by various computation and mining Bitcoins is not an easy task. It normally needs a large computing power and there are also some places in Internet where they claim to multiply the Bitcoins.

              A researchers team leaded by Indian Scientist conducted a study and find a loophole and developed a hardware named #Approximation that helps in mining Bitcoins at faster rate.

              The hardware #Approximation makes use of fault in the hardware such as 

#False Negative : Error present but no notification.
#False Positive : Not a real error, but notified as error.

               Approximation will scan for these errors and will help in producing the Bitcoins at 30 percent faster rate. 

               They have published a paper about the Approximation process and it can be found here.

P.S: The post is to create awareness and not to be misused.

No comments:

Post a Comment