Service interruption on Monday 11 July from 12:30 to 13:00: all the sites of the CCSD (HAL, EpiSciences, SciencesConf, AureHAL) will be inaccessible (network hardware connection).
Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

ON PROFITABILITY OF STUBBORN MINING

Abstract : We compute and compare profitabilities of stubborn mining strategies that are variations of selfish mining. These are deviant mining strategies violating Bitcoin's network protocol rules. We apply the foundational setup from our previous companion article on the profitability of selfish mining, and the new martingale techniques to get a closed-form computation for the revenue ratio, which is the correct benchmark for profitability. Catalan numbers and Catalan distributions appear in the closed-form computations. This marks the first appearance of Catalan numbers in the Mathematics of the Bitcoin protocol.
Document type :
Preprints, Working Papers, ...
Complete list of metadata

Cited literature [9 references]  Display  Hide  Download

https://hal.archives-ouvertes.fr/hal-02334535
Contributor : Ricardo Pérez-Marco Connect in order to contact the contributor
Submitted on : Saturday, October 26, 2019 - 6:37:39 PM
Last modification on : Sunday, June 26, 2022 - 10:01:45 AM
Long-term archiving on: : Monday, January 27, 2020 - 3:01:54 PM

Identifiers

  • HAL Id : hal-02334535, version 1

Citation

Cyril Grunspan, Ricardo Pérez-Marco. ON PROFITABILITY OF STUBBORN MINING. 2019. ⟨hal-02334535⟩

Share

Metrics

Record views

25

Files downloads

111