Analysis of Bitcoin Pooled Mining Reward Systems
Meni Rosenfeld
TL;DR
This paper reviews different reward calculation methods in Bitcoin pooled mining, analyzing their design goals, advantages, and disadvantages to understand their impact on mining pools.
Contribution
It provides a comprehensive analysis of existing scoring systems in Bitcoin pooled mining, highlighting their strengths and weaknesses.
Findings
Different reward systems address specific fairness and incentive issues.
Trade-offs exist between simplicity and fairness in scoring methods.
The analysis guides better design of mining reward systems.
Abstract
In this paper we describe the various scoring systems used to calculate rewards of participants in Bitcoin pooled mining, explain the problems each were designed to solve and analyze their respective advantages and disadvantages.
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Taxonomy
TopicsStatistical and Computational Modeling · Big Data and Business Intelligence · Data Mining Algorithms and Applications