2 papers
cs.CR2021
Blockchain mining in pools: Analyzing the trade-off between profitability and ruin
Hansjoerg Albrecher, Dina Finger, Pierre-Olivier Goffard
The resource-consuming mining of blocks on a blockchain equipped with a proof of work consensus protocol bears the risk of ruin, namely when the operational costs for the mining ex…
cs.CR2020
On the profitability of selfish blockchain mining under consideration of ruin
Hansjoerg Albrecher, Pierre-Olivier Goffard
Mining blocks on a blockchain equipped with a proof of work consensus protocol is well-known to be resource-consuming. A miner bears the operational cost, mainly electricity consum…