Majority is not Enough: Bitcoin Mining is Vulnerable

[MinEER]

"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 pdf: http://ge.tt/api/1/files/2eeqnC32/0/blob?download