Highlight on Cryptocurrencies Mining with CPUs and GPUs and their Benefits Based on their Characteristics

Abstract

Nowadays cryptography and their technologies have been with us for a long time. This field of science is developing day by day. Blockchain has come a long way since the birth of its first application. This application is Bitcoin which depends on Blockchain or DLT (Distributed Ledger Technology). Bitcoin is the most famous cryptocurrency intended for mass which appeared the first time in 2008. This innovation led to sparked in the digital revolution, which provides for many sectors and industries the security features, decentralization, and a reliable mechanism for transmission and storing data. This new technology led to the meteoric rise of Bitcoin and other such cryptocurrencies, so this has aroused the interest of governments and emerging companies to get an effective role in competition. We can apply blockchain in different sectors and different Internet of things (IoT). Cryptocurrency mining has become a major concern for computer professionals and also for those who earn more money from an additional source. Mining is a process for settle mathematical issues that depend on the strength and speed of the devices to solve those problems, which by resolving them leads to getting rewards in the form of a digital currency. In this paper, we will highlight the benefits of using both CPU (Central Processing Unit) and GPU (Graphical Processing Unit) and a practical comparison between them to find out the best and fastest based on previous studies and on the characteristics and architecture of each.