Corpus ID: 222140761

Profit lag and alternate network mining

@article{Grunspan2020ProfitLA,
  title={Profit lag and alternate network mining},
  author={C. Grunspan and R. P{\'e}rez-Marco},
  journal={ArXiv},
  year={2020},
  volume={abs/2010.02671}
}

C. Grunspan, R. Pérez-Marco

Published 2020

Computer Science, Mathematics

ArXiv

For a mining strategy we define the notion of "profit lag" as the minimum time it takes to be profitable after that moment. We compute closed forms for the profit lag and the revenue ratio for the strategies "selfish mining" and "in-termittent selfish mining". This confirms some earlier numerical simulations and clarifies misunderstandings on profitability in the literature. We also study mining pairs of PoW cryptocurrencies, often coming from a fork, with the same mining algorithm. This… CONTINUE READING

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