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On Profitability of Trailing Mining

Abstract : We compute the revenue ratio of the Trail Stubborn mining strategy in the Bitcoin network and compare its profitability to other block-withholding strategies. We use for this martingale techniques and a classical analysis of the hiker problem. In this strategy the attacker could find himself mining in a shorter fork, but we prove that for some parameter values it is still profitable to not give up. This confirms previous numerical studies.
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Preprints, Working Papers, ...
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https://hal.archives-ouvertes.fr/hal-02334533
Contributor : Ricardo Pérez-Marco Connect in order to contact the contributor
Submitted on : Saturday, October 26, 2019 - 6:31:55 PM
Last modification on : Saturday, December 4, 2021 - 4:03:28 AM
Long-term archiving on: : Monday, January 27, 2020 - 3:41:39 PM

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  • HAL Id : hal-02334533, version 1

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Cyril Grunspan, Ricardo Pérez-Marco. On Profitability of Trailing Mining. 2019. ⟨hal-02334533⟩

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