Jan 8, 2021 · Selfish mining strategy allows miners to gain unfair advantage and excess revenue in Bitcoin network, but it also disrupts the normal ...
Abstract—Selfish mining strategy allows miners to gain unfair advantage and excess revenue in Bitcoin network, but it also disrupts the normal operation of ...
Furthermore, selfish mining not only makes selfish miners get unfair revenue but also disrupts the system performance and security. In this paper, we consider a ...
People also ask
Does Bitcoin mining secure the network?
What are some of the drawbacks of mining Bitcoins?
Is Bitcoin halving good or bad for miners?
Why does Bitcoin need mining the most?
(2021). The impact of selfish mining on bitcoin network performance. IEEE Transactions on Network Science and Engineering, 8(1), 724-735.
Studies have demonstrated that the time-averaged profit of a selfish miner starts to rise once the mining difficulty level gets adjusted in favor of the ...
In this paper, we develop a novel Markov model, which can study selfish mining and seven kinds of stubborn mining in both Bitcoin and Ethereum. The formulas are ...
Selfish miners intentionally delay the release of newly mined blocks with the goal of gaining more revenue. While several studies have been devoted to analyzing ...
Selfish mining behavior may lead to the increase of isolated blocks (i.e., small forks in the main blockchain system have no impact on the main chain data) in ...
Missing: Performance. | Show results with:Performance.
Abstract. We review the so called selfish mining strategy in the Bitcoin network and properly evaluate the cost of the attack and its profitability.
Counterintuitively, the selfish mining strategy returns excess profits for any miner or pool with more than 1/3rd of the global hash power (α > 33%), even with ...