Corpus ID: 53722835

On Profitability of Trailing Mining

@article{Grunspan2018OnPO,
  title={On Profitability of Trailing Mining},
  author={C. Grunspan and R. P{\'e}rez-Marco},
  journal={ArXiv},
  year={2018},
  volume={abs/1811.09322}
}
  • C. Grunspan, R. Pérez-Marco
  • Published 2018
  • Computer Science, Mathematics
  • ArXiv
  • 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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