Games of Miners
AAMAS '19: International Conference on Autonomous Agents and Multiagent Systems Auckland New Zealand May, 2020, pp. 1323-1331, 2020.
Conventional wisdom believes cryptocurrency miners should always work on particular token at their full power. In this paper, however, we show that miners' equilibrium strategy deviates from it, which affects the system security and energy-efficiency. Specifically, we model mining as a game where each miner has limited mining power and co...More
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