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DIY FPGA Bitcoin MinerIn this work we discuss the process of Bitcoin mining and develop a new. Bitcoin miner on an FPGA. 1. Introduction. Bitcoin is a peer-to-peer electronic cash. Short for field-programmable gate array (FPGA), FPGA miners are often faster and more efficient than GPUs for most mining algorithms, while maintaining the. Processing nodes that help to compute the hashes of new blocks are called miners, and are rewarded with a fraction of the cryptocurrency when a new block is.