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Mining blocks in a blockchain using the \textit{Proof-of-Work} consensus protocol involves significant risk, as network participants face continuous operational costs while earning infrequent capital gains upon successfully mining a block.…

密码学与安全 · 计算机科学 2025-11-19 Pierre-Olivier Goffard , Hansjoerg Albrecher , Jean-Pierre Fouque

In blockchain networks adopting the proof-of-work schemes, the monetary incentive is introduced by the Nakamoto consensus protocol to guide the behaviors of the full nodes (i.e., block miners) in the process of maintaining the consensus…

计算机科学与博弈论 · 计算机科学 2018-01-01 Xiaojun Liu , Wenbo Wang , Dusit Niyato , Narisa Zhao , Ping Wang

An open distributed system can be secured by requiring participants to present proof of work and rewarding them for participation. The Bitcoin digital currency introduced this mechanism, which is adopted by almost all contemporary digital…

密码学与安全 · 计算机科学 2014-12-01 Ittay Eyal

Mining for Bitcoins is a high-risk high-reward activity. Miners, seeking to reduce their variance and earn steadier rewards, collaborate in pooling strategies where they jointly mine for Bitcoins. Whenever some pool participant is…

计算机科学与博弈论 · 计算机科学 2017-03-14 Ben A. Fisch , Rafael Pass , Abhi Shelat

The arisen of Bitcoin has led to much enthusiasm for blockchain research and block mining, and the extensive existence of mining pools helps its participants (i.e., miners) gain reward more frequently. Recently, the mining pools are proved…

计算机科学与博弈论 · 计算机科学 2020-08-18 Zhihuai Chen , Bo Li , Xiaohan Shan , Xiaoming Sun , Jialin Zhang

Blockchains rely on a consensus among participants to achieve decentralization and security. However, reaching consensus in an online, digital world where identities are not tied to physical users is a challenging problem. Proof-of-work…

密码学与安全 · 计算机科学 2020-11-16 Hjalmar Turesson , Henry M. Kim , Marek Laskowski , Alexandra Roatis

Regardless of their variations, blockchains require a consensus mechanism to validate transactions, supervise added blocks, maintain network security, synchronize the network state, and distribute incentives. Proof-of-Work (PoW), one of the…

分布式、并行与集群计算 · 计算机科学 2024-07-25 Amirreza Sokhankhosh , Sara Rouhani

The progress of deep learning (DL), especially the recent development of automatic design of networks, has brought unprecedented performance gains at heavy computational cost. On the other hand, blockchain systems routinely perform a huge…

密码学与安全 · 计算机科学 2020-07-31 Yixiao Lan , Yuan Liu , Boyang Li

Cryptocurrencies, arguably the most prominent application of blockchains, have been on the rise with a wide mainstream acceptance. A central concept in cryptocurrencies is "mining pools", groups of cooperating cryptocurrency miners who…

密码学与安全 · 计算机科学 2022-10-20 Ayodeji Adeniran , David Mohaisen

The security of blockchain systems based on Proof of Work relies on mining. However, mining suffers from unstable revenue, prompting many miners to form cooperative mining pools. Most existing mining pools operate in a centralized manner,…

密码学与安全 · 计算机科学 2025-01-28 Akira Sakurai , Kazuyuki Shudo

The resource-consuming mining of blocks on a blockchain equipped with a proof of work consensus protocol bears the risk of ruin, namely when the operational costs for the mining exceed the received rewards. In this paper we investigate to…

密码学与安全 · 计算机科学 2021-09-08 Hansjoerg Albrecher , Dina Finger , Pierre-Olivier Goffard

Creating efficient deep neural networks involves repetitive manual optimization of the topology and the hyperparameters. This human intervention significantly inhibits the process. Recent publications propose various Neural Architecture…

机器学习 · 计算机科学 2019-09-10 Zvezdin Besarabov , Todor Kolev

The continuous thriving of the Blockchain society motivates research in novel designs of schemes supporting cryptocurrencies. Previously multiple Proof-of-Deep-Learning(PoDL) consensuses have been proposed to replace hashing with useful…

机器学习 · 计算机科学 2023-08-01 Boyang Li , Bingyu Shen , Qing Lu , Taeho Jung , Yiyu Shi

With the increasing artificial intelligence application, deep neural network (DNN) has become an emerging task. However, to train a good deep learning model will suffer from enormous computation cost and energy consumption. Recently,…

分布式、并行与集群计算 · 计算机科学 2020-02-03 Boyang Li , Changhao Chenli , Xiaowei Xu , Yiyu Shi , Taeho Jung

Bitcoin is the most successful cryptocurrency so far. This is mainly due to its novel consensus algorithm, which is based on proof-of-work combined with a cryptographically-protected data structure and a rewarding scheme that incentivizes…

密码学与安全 · 计算机科学 2019-05-24 Pawel Szalachowski , Daniel Reijsbergen , Ivan Homoliak , Siwei Sun

Mining is a central operation of all proof-of-work (PoW) based cryptocurrencies. The vast majority of miners today participate in "mining pools" instead of "solo mining" in order to lower risk and achieve a more steady income. However, this…

计算工程、金融与科学 · 计算机科学 2022-12-15 Panagiotis Chatzigiannis , Foteini Baldimtsi , Igor Griva , Jiasun Li

We model and analyze blockchain miners who seek to maximize the compound return of their mining businesses. The analysis of the optimal strategies finds a new equilibrium point among the miners and the mining pools, which predicts the…

密码学与安全 · 计算机科学 2020-12-07 Go Yamamoto , Aron Laszka , Fuhito Kojima

Miners play a key role in cryptocurrencies such as Bitcoin: they invest substantial computational resources in processing transactions and minting new currency units. It is well known that an attacker controlling more than half of the…

密码学与安全 · 计算机科学 2019-05-16 Matteo Romiti , Aljosha Judmayer , Alexei Zamyatin , Bernhard Haslhofer

The selfish mining attack, arguably the most famous game-theoretic attack in blockchain, indicates that the Bitcoin protocol is not incentive-compatible. Most subsequent works mainly focus on strengthening the selfish mining strategy, thus…

计算机科学与博弈论 · 计算机科学 2022-02-21 Mengqian Zhang , Yuhao Li , Jichen Li , Chaozhe Kong , Xiaotie Deng

Blockchain systems often employ proof-of-work consensus protocols to validate and add transactions into hashchains. These protocols stimulate competition among miners in solving cryptopuzzles (e.g. SHA-256 hash computation in Bitcoin) in…

计算机科学与博弈论 · 计算机科学 2020-05-13 Venkata Sriram Siddhardh Nadendla , Lav R. Varshney
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