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- W4386322312 abstract "Cryptocurrency is a blockchain application that has attracted the attention by many users. The proof-of-work consensus mechanism is adopted by several cryptocurrencies, such as Bitcoin, Litecoin, and Dogecoin. This work discusses how miners choose mining pools (MPs) and how MP operators adjust pool fees to maximize their revenue. This work proposes a mining difficulty adjustment method and a randomly distributed round-batch computing power competition algorithm for mining simulation. The simulation results show that by increasing the pool fees, the large MP can increase the revenue by about 60%, and the ability to withstand the risk of changes in computing power. Small MPs can sacrifice about 35% of the revenue in exchange for the willingness of miners to stay by lowering the fees." @default.
- W4386322312 created "2023-09-01" @default.
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- W4386322312 date "2023-07-17" @default.
- W4386322312 modified "2023-09-27" @default.
- W4386322312 title "Analyzing on Reward and Fee Effect on the Size of Mining Pools - A Case of Bitcoin System" @default.
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- W4386322312 doi "https://doi.org/10.1109/icce-taiwan58799.2023.10226748" @default.
- W4386322312 hasPublicationYear "2023" @default.
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