On the Profitability of Selfish Blockchain Mining Under Consideration of Ruin
Published Online:29 Nov 2021https://doi.org/10.1287/opre.2021.2169
References
- (2010) Ruin Probabilities (World Scientific, Singapore).Crossref, Google Scholar
- (2002) Erlangian approximations for finite-horizon ruin probabilities. Astin Bull. 32(2):267–281.Crossref, Google Scholar
- (2007) Optimal dividends in the dual model. Insurance, Math., Econom. 41(1):111–123.Crossref, Google Scholar
- (2020) Modeling and analysis of block arrival times in the bitcoin blockchain. Stochastic Models 36(4):602–637.Crossref, Google Scholar
- (1996) On the Lambert W function. Adv. Comput. Math. 5(1):329–359.Crossref, Google Scholar
- (2018) Majority is not enough: Bitcoin mining is vulnerable. Comm. ACM 61(7):95–102.Crossref, Google Scholar
- (2016) Bitcoin blockchain dynamics: The selfish-mine strategy in the presence of propagation delay. Performance Evaluation 104:23–41.Crossref, Google Scholar
- (2019) Fraud risk assessment within blockchain transactions. Adv. Appl. Probab. 51(2):443–467.Crossref, Google Scholar
- (2017) Boundary crossing of order statistics point processes. J. Math. Anal. Appl. 447(2):890–907.Crossref, Google Scholar
- (2018a) On profitability of selfish mining. Preprint, submitted May 16, https://arxiv.org/abs/1805.08281.Google Scholar
- (2018b) On profitability of stubborn mining. Preprint, submitted August 2, https://arxiv.org/abs/1808.01041.Google Scholar
- (2018c) On profitability of trailing mining. Preprint, submitted November 22, https://arxiv.org/abs/1811.09322.Google Scholar
- (2019) On profitability of block withholding strategies. Performance Evaluation Rev. 46(3):126–126.Crossref, Google Scholar
- (2013) The economics of bitcoin mining, or bitcoin in the presence of adversaries. The Twelfth Workshop on the Economics of Information Security, June 10–11 (WEIS, Washington, DC).Google Scholar
- (2015) Risk models in insurance and epidemics: A bridge through randomized polynomials. Probab. Engrg. Inform. Sci. 29(3):399–420.Crossref, Google Scholar
- (2015) Bitcoin mining pools: A cooperative game theoretic analysis. Proc. 2015 Internat. Conf. Autonomous Agents Multiagent Systems (International Foundation for Autonomous Agents and Multiagent Systems, Istanbul, Turkey), 919–927.Google Scholar
- (2008) Bitcoin: A peer-to-peer electronic cash system. Accessed October 3, 2021, https://bitcoin.org/bitcoin.pdf.Google Scholar
- (2016) Stubborn mining: Generalizing selfish mining and combining with an eclipse attack. IEEE Eur. Sympos. Security Privacy (IEEE), 305–320.Google Scholar
- (2011) Analysis of bitcoin pooled mining reward systems. Preprint, submitted December 21, https://arxiv.org/abs/1112.4980.Google Scholar
- (2014) Analysis of hashrate-based double spending. Preprint, submitted February 9, https://arxiv.org/abs/1402.2009.Google Scholar
- (2017) Optimal selfish mining strategies in bitcoin. Grossklags J, Preneel B, eds. Financial Cryptography and Data Security. FC 2016. Lecture Notes in Computer Science, vol. 9603 (Springer, Berlin, Heidelberg), 515–532.Google Scholar
- (2011) An Introduction to Delay Differential Equations with Applications to the Life Sciences (Springer, New York).Crossref, Google Scholar

