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Optimising the SHA256 Hashing Algorithm for …

By Rahul P. Naik Supervisor: Dr. Nicolas T. Courtois MSc Information Security DEPARTMENT OF COMPUTER SCIENCE September 2, 2013 1 This report is submitted as part requirement for the MSc Degree in Information Security at University College London. It is substantially the result of my own work except where explicitly indicated in the text. The report may be freely copied and distributed provided the source is explicitly acknowledged. Copyright Rahul Naik 2013. Optimising the SHA256 Hashing Algorithm for Faster and More Efficient Bitcoin Mining1 Abstract Since its inception in early 2009, Bitcoin has attracted a substantial amount of users and the popularity of this decentralised virtual currency is rapidly increasing day by day. Over the years, an arms race for mining hardware has resulted with miners requiring more and more Hashing power in order to remain alive in the Bitcoin mining arena.

Abstract Since its inception in early 2009, Bitcoin has attracted a substantial amount of users and the popularity of this decentralised virtual …

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