Selfish Mining Re-Examined

  title={Selfish Mining Re-Examined},
  author={Kevin Negy and P. Rizun and Emin G{\"u}n Sirer},
  booktitle={Financial Cryptography},
  • Kevin Negy, P. Rizun, Emin Gün Sirer
  • Published in Financial Cryptography 2020
  • Computer Science
  • Six years after the introduction of selfish mining, its counterintuitive findings continue to create confusion. In this paper, we comprehensively address one particular source of misunderstandings, related to difficulty adjustments. We first present a novel, modified selfish mining strategy, called intermittent selfish mining, that, perplexingly, is more profitable than honest mining even when the attacker performs no selfish mining after a difficulty adjustment. Simulations show that even in… CONTINUE READING
    7 Citations

    Figures and Topics from this paper

    Explore Further: Topics Discussed in This Paper

    Profit lag and alternate network mining
    • PDF
    NC-Max: Breaking the Throughput Limit of Nakamoto Consensus
    • PDF
    RandChain: Decentralised Randomness Beacon from Sequential Proof-of-Work
    • 2
    • PDF
    HotPoW: Finality from Proof-of-Work Quorums
    • 3
    • PDF
    Blockchain System Defensive Overview for Double-Spend and Selfish Mining Attacks: A Systematic Approach
    • PDF
    Achieving State Machine Replication without Honesty Assumptions
    • PDF


    On profitability of selfish mining
    • 25
    • Highly Influential
    • PDF
    Stubborn Mining: Generalizing Selfish Mining and Combining with an Eclipse Attack
    • 310
    • PDF
    Mind the Mining
    • 14
    • PDF
    Bitcoin Mining Pools: A Cooperative Game Theoretic Analysis
    • 162
    • PDF
    Be Selfish and Avoid Dilemmas: Fork After Withholding (FAW) Attacks on Bitcoin
    • 109
    • PDF
    SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies
    • 801
    • PDF
    Majority is not enough
    • 411
    • PDF
    The Impact of Uncle Rewards on Selfish Mining in Ethereum
    • F. Ritz, A. Zugenmaier
    • Computer Science
    • 2018 IEEE European Symposium on Security and Privacy Workshops (EuroS&PW)
    • 2018
    • 39
    • PDF
    The Economics of Bitcoin Mining, or Bitcoin in the Presence of Adversaries
    • 425
    • PDF