Analysis of Bitcoin Pooled Mining Reward Systems

Abstract

In this paper we describe the various scoring systems used to calculate rewards of participants in Bitcoin pooled mining, explain the problems each were designed to solve and analyze their respective advantages and disadvantages.

Cited by in corpus (43)

• A Survey on Security and Privacy Issues of Bitcoin
• A Survey on Consensus Mechanisms and Mining Strategy Management in Blockchain Networks
• Be Selfish and Avoid Dilemmas: Fork After Withholding (FAW) Attacks on Bitcoin
• Exploring the Attack Surface of Blockchain: A Systematic Overview
• Cryptomining Makes Noise: a Machine Learning Approach for Cryptojacking Detection
• A Survey on Applications of Game Theory in Blockchain
• Deconstructing Blockchains: A Comprehensive Survey on Consensus, Membership and Structure
• Block arrivals in the Bitcoin blockchain
• Blockchain-Powered Collaboration in Heterogeneous Swarms of Robots
• A Deep Dive into Bitcoin Mining Pools: An Empirical Analysis of Mining Shares
• The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin
• Research on the Security of Blockchain Data: A Survey
• StrongChain: Transparent and Collaborative Proof-of-Work Consensus
• Blockchain Mining Games with Pay Forward
• SquirRL: Automating Attack Analysis on Blockchain Incentive Mechanisms with Deep Reinforcement Learning
• Blockchain Mining Games
• Cloud/fog computing resource management and pricing for blockchain networks
• Analysis of Bitcoin Vulnerability to Bribery Attacks Launched Through Large Transactions
• Incentives Against Power Grabs or How to Engineer the Revolution in a Pooled Proof of Stake System
• On the profitability of selfish blockchain mining under consideration of ruin
• Bitcoin and Blockchain: Security and Privacy
• Cost Analysis of Nondeterministic Probabilistic Programs
• Modelling Attacks in Blockchain Systems using Petri Nets
• An Eye for an Eye: Economics of Retaliation in Mining Pools
• Database Perspectives on Blockchains
• Bitcoin Meets Strong Consistency
• Socially Optimal Mining Pools
• RPPLNS: Pay-per-last-N-shares with a Randomised Twist
• Predicting Block Halving Party Times
• Discouraging Pool Block Withholding Attacks in Bitcoins
• The Framework of Consensus Equilibria for Mining-Pool Games in Blockchain Ecosystems
• Equilibrium of Blockchain Miners with Dynamic Asset Allocation
• The Tight Bound for Pure Price of Anarchy in an Extended Miner's Dilemma Game
• Hopping-Proof and Fee-Free Pooled Mining in Blockchain
• The Matthew Effect in Computation Contests: High Difficulty May Lead to 51% Dominance
• On the (De)centralization of FruitChains
• SISSLE in consensus-based Ripple: Some Improvements in Speed, Security and Last Mile Connectivity
• Micro Analysis of Natural Forking in Blockchain Based on Large Deviation Theory
• Towards Overcoming the Undercutting Problem
• Maximal Information Propagation via Lotteries
• Share Withholding Attack in Blockchain Mining: Technical Report
• Research on CRO's Dilemma In Sapiens Chain: A Game Theory Method
• Using Economic Risk to Model Miner Hash Rate Allocation in Cryptocurrencies