Hardware Overclocking to Improve the Efficiency of Ethereum Cryptocurrency Mining

Abstract

Mining task is remarkable by the high amount of resources, such as electrical power, which is needed for its execution. In order to reduce the amount of resources consumed, while maintaining high mining performance, the term of mining efficiency was introduced. This term considering both mining performance and consumed electrical power.In this paper we consider mining hardware overclocking in order to maximize mining efficiency. Overclocking methods are considered, such as increasing memory clock rate, decreasing core clock rate, decreasing hardware voltage. A complex technique is created that allows to apply the considered approaches in order to achieve maximum mining efficiency for a hardware system being overclocked.