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arXiv · 1811.09322

On Profitability of Trailing Mining

Cyril Grunspan·Ricardo Pérez-Marco
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Abstract

We compute the revenue ratio of the Trail Stubborn mining strategy in the Bitcoin network and compare its profitability to other block-withholding strategies. We use for this martingale techniques and a classical analysis of the hiker problem. In this strategy the attacker could find himself mining in a shorter fork, but we prove that for some parameter values it is still profitable to not give up. This confirms previous numerical studies.

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Cyril Grunspan, Ricardo Pérez-Marco. 2018-11-22. On Profitability of Trailing Mining. https://arxiv.org/abs/1811.09322

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