How To Disincentivize Large Bitcoin Mining Pools Pdf

Last Updated on November 15, 2023 by Paganoto

How to Disincentivize Large Bitcoin Mining Pools

We outline a small change to the Bitcoin mining protocol that rules out big, public mining pools. It preserves the current investment in …

Disincentivizing Mining Pools Through Burning and Minting

To address this problem, miners have formed mining pools to ensure more regular rewards, but these mining pools undermine the decentralization …

Efficient Blockchain-Agnostic Decentralized Mining Pool

by N Dana Troutman · 2021 · Cited by 1 — PoolParty is a novel decentralized blockchain-agnostic mining pool. … June 2014. How to disincentivize large bitcoin mining pools.

Countering Block Withholding Attack Efficiently

by S Lee · 2018 · Cited by 17 — As a result of control of difficulty, bitcoin network generates a block every 15 minutes, and a miner who generates the block gets a reward. To get this reward.

Rethinking selfish mining under pooled mining – ScienceDirect

by S Lee · 2022 · Cited by 1 — In this article, we analyze selfish mining across mining pools and provide a … Blog post: How to disincentivize large bitcoin mining pools.

Decentralize Mining Power of PoW Blockchain Using Age-of …

by L Shi · 2021 · Cited by 3 — Ethereum blockchain, Proof-of-Work (PoW) features a crypto– … 1The computing powers of the largest nine mining pools in the current.

A Deep Dive into Bitcoin Mining Pools – WEIS 2019

by M Romiti · Cited by 2 — perform an analysis of mining power distribution in merge-mined cryptocurrencies, showing the latter exhibits vul- nerabilities to centralization by large …

Nonoutsourceable Scratch-Off Puzzles to Discourage Bitcoin …

by A Miller · Cited by 135 — Recently, the largest mining pool has accounted for more than half … effectively creating a disincentive to outsource mining work.

[PDF] SmartPool: Practical Decentralized Pooled Mining

SMARTPOOL incurs mining fees lower than centralized mining pools and is designed to scale to a large number of miners. We implemented and deployed a robust …

The Miner's Dilemma – Full-Time Faculty

by I Eyal · 2015 · Cited by 469 — Experience with Bitcoin shows that the largest pools … the miner’s dilemma, an instance of the iterative prisoner’s dilemma. The game is played daily by …

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Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.