Indonesian Journal of Electronics, Electromedical Engineering, and Medical Informatics
Vol. 7 No. 1 (2025): February

Bitcoin Mining Hardware Profitability Prediction Using Categorical Boosting and Extreme Gradient Boosting Algorithms

Dimas Satria Prayoga (Unknown)
Puspita Sari, Anggraini (Unknown)
Junaidi, Achmad (Unknown)



Article Info

Publish Date
24 Feb 2025

Abstract

Cryptocurrencies, especially Bitcoin, have gained global recognition, with mining being one of its most interesting aspects. This is especially important in the context where only a few types of bitcoin mining rigs are expected to operate profitably. On the other hand, in the field of machine learning, there are widely used algorithms, namely Extreme Gradient Boosting (XGBoost), which is known for its effectiveness, and Categorical Boosting (CatBoost), which excels in handling categorical data. This study aims to combine the performance of CatBoost and XGBoost using the Ridge Regression technique in predicting a case study that is not often encountered, namely predicting the profitability of Bitcoin mining hardware. The main steps include collecting data from reliable sources, preprocessing the data to ensure compatibility, feature selection to select the most relevant features, building a prediction model using the preprocessed data set, and then training and testing both models to evaluate their predictive accuracy. The evaluation metrics on the test data reveal the performance of CatBoost, XGBoost, and the CatBoost-XGBoost. CatBoost demonstrates a training time of 3.35 seconds with a MAPE of 15.67% and an RMSE of 0.1733. In comparison, XGBoost has a longer training time of 5.27 seconds but achieves a significantly lower MAPE of 6.49% and an RMSE of 0.1737. Meanwhile, the CatBoost-XGBoost, with the longest training time of 6.84 seconds, delivers a competitive MAPE of 6.57% and the lowest RMSE of 0.1696 among the three approaches. These results highlight that while XGBoost and CatBoost meta model outperform CatBoost in terms of accuracy, the Ridge meta model provides slightly better overall predictive performance based on RMSE.

Copyrights © 2025






Journal Info

Abbrev

ijeeemi

Publisher

Subject

Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Health Professions Materials Science & Nanotechnology

Description

Indonesian Journal of Electronics, Electromedical Engineering, and Medical Informatics (IJEEEMI) publishes peer-reviewed, original research and review articles in an open-access format. Accepted articles span the full extent of the Electronics, Biomedical, and Medical Informatics. IJEEEMI seeks to ...