Corpus ID: 51922237

On profitability of stubborn mining

@article{Grunspan2018OnPO,
  title={On profitability of stubborn mining},
  author={C. Grunspan and R. P{\'e}rez-Marco},
  journal={ArXiv},
  year={2018},
  volume={abs/1808.01041}
}

C. Grunspan, R. Pérez-Marco

Published 2018

Computer Science, Mathematics

ArXiv

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… CONTINUE READING

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