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Preprints, Working Papers, ... Year : 2019

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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Dates and versions

hal-02334533 , version 1 (26-10-2019)

Identifiers

  • HAL Id : hal-02334533 , version 1

Cite

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