ABSTRACT
A cryptocurrency is a virtual, digital currency that works as a medium of exchange in which individual asset units are recorded on an automatic ledger. Encoding techniques are used to authenticate the transfer of funds. Cryptocurrency is a relatively new mix of crypto and foreign exchange in cash regions and is widely used around the globe. There is a scarcity of research protecting the cap potential utilization of virtual currencies. Therefore, this study describes a number of experiments on the mining potential of some of today’s popular cryptocurrencies, assessing which hardware configurations mine cryptocurrency with the greatest energy efficiency in terms of both hardware resources and electricity consumption. The paper examines the energy consumption and efficiency of mining various cryptocurrencies, keeping in mind the restructuring of blockchain packages owing to renewable energy. Comparative statistical analysis of various cryptocurrency mining benchmarks and experimental outcomes show that it is the hashing algorithm that defines the overall mining performance.
