Profit from Two Bitcoin Mining Tactics: Towing and Shutdown
Cryptography and Security
2020-02-18 v1
Abstract
Since Bitcoin's inception in 2008, it has became attractive investments for both trading and mining. To mine Bitcoins, a miner has to invest in computing power and pay for electricity to solve cryptographic puzzles for rewards, if it becomes the first to solve a puzzle, paid in Bitcoin. Given that mining is such a resource intensive effort, miners seek new strategies trying to make the mining process more profitable.
Keywords
Cite
@article{arxiv.2002.07068,
title = {Profit from Two Bitcoin Mining Tactics: Towing and Shutdown},
author = {Ehsan Meamari and Chien-Chung Shen},
journal= {arXiv preprint arXiv:2002.07068},
year = {2020}
}