Analysis of Bitcoin Pooled Mining Reward Systems

By Meni Rosenfeld. arXiv.org, 2011

387 citations recorded by the source corpus.

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.

View Paper: https://www.semanticscholar.org/paper/19e5af9721409f13496bb4f1635f98a18c7d7e68

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Citations in the corpus

The Miner's Dilemma (2014, background): “Nodes are defined by an implementation of a doStep function — their routine in a single step.”
Bitcoin and Beyond: A Technical Survey on Decentralized Digital Currencies (2016, background): “The general strategy is also referred to as block withholding attack , which also ﬁnds use beyond double spending [Rosenfeld 2011, Courtois and Bahack 2014].”
A Survey on Security and Privacy Issues of Bitcoin (2017, background): “As per [31], a single home miner who uses a dedicated Application-Specific Integrated Circuit (ASIC) for mining will unlikely verify a single block in years.”
On the Instability of Bitcoin Without the Block Reward (2016, background): “At a high level, there is an analogy with pool hopping [21].”
Secure High-Rate Transaction Processing in Bitcoin (2015, background): “Several papers have looked at incentive concerns related to the operation of the protocol, examining issues related to transaction propagation [6], selfish mining [8], and the distribution of rewards within mining-pools [15].”
A Survey on Consensus Mechanisms and Mining Strategy Management in Blockchain Networks (2018, background): “It is shown in [59] that the success of attacks follows an”