Technology of Information Security
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1804-1807

Research and analysis of mining pool selection strategy in blockchain

Di Jian
Lin Weihua
School of Control & Computer Engineering, North China Electric Power University, Baoding Hebei 071003, China

Abstract

In a blockchain network based on proof of work(PoW), miners usually choose to join the mining pool. As there are many mining pools and different mining pools have different computing power and may adopt different reward mechanisms, miners can get different rewards in different mining pools. For the choice of mining pool faced by the miners. This paper proposed a mining pool selection model based on risk decision criteria, aiming at the problem of miners' selection of mining pools, and studied the effect of computing power and reward mechanism on the miners' optimal pool selection decisions. Firstly, it calculated the miners' rewards and gave the reward matrix. Secondly, it used the maximum likelihood criterion and the expectation criterion respectively to derive the optimal selection strategy. Finally, simulation experiments validated the proposed pool selection strategies. Experimental results show that compared with the simple strategy, the proposed strategy can bring higher rewards to the miners in most cases.

Publish Information

DOI: 10.19734/j.issn.1001-3695.2018.12.0875
Publish at: Application Research of Computers Printed Article, Vol. 37, 2020 No. 6
Section: Technology of Information Security
Pages: 1804-1807
Serial Number: 1001-3695(2020)06-040-1804-04

Publish History

[2020-06-05] Printed Article

Cite This Article

邸剑, 吝伟华. 区块链中矿池选择策略的研究与分析 [J]. 计算机应用研究, 2020, 37 (6): 1804-1807. (Di Jian, Lin Weihua. Research and analysis of mining pool selection strategy in blockchain [J]. Application Research of Computers, 2020, 37 (6): 1804-1807. )

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  • Application Research of Computers Monthly Journal
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Application Research of Computers, founded in 1984, is an academic journal of computing technology sponsored by Sichuan Institute of Computer Sciences under the Science and Technology Department of Sichuan Province.

Aiming at the urgently needed cutting-edge technology in this discipline, Application Research of Computers reflects the mainstream technology, hot technology and the latest development trend of computer application research at home and abroad in a timely manner. The main contents of the journal include high-level academic papers in this discipline, the latest scientific research results and major application results. The contents of the columns involve new theories of computer discipline, basic computer theory, algorithm theory research, algorithm design and analysis, blockchain technology, system software and software engineering technology, pattern recognition and artificial intelligence, architecture, advanced computing, parallel processing, database technology, computer network and communication technology, information security technology, computer image graphics and its latest hot application technology.

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