Jump to content

Majority is not Enough: Bitcoin Mining is Vulnerable


Recommended Posts

"A group of miners can form a pool that behaves as single agent with a centralized coordinator, following some strategy. The mining power of a pool is the sum of mining power of its members, and its revenue is divided among
its members according to their relative mining power. The expected relative revenue, or simply the revenue of a pool is the expected fraction of blocks that were mined by that pool out of the total number of blocks in the longest chain.
We now describe our strategy, called Selfish-Mine."


This is my first post and i want inaugurate this event giving to this community a pdf about strategic algorithms for mining. Pdf also contains the complete algorithm and explains how it works.
Enjoy :)
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.