This paper proposes a conceptual framework for the analysis of reward sharing schemes in mining pools, such as those … associated with Bitcoin. The framework is centered around the reported shares in a pool instead of agents and results in two new … fairness criteria, absolute and relative redistribution. These criteria impose that the addition of a share to the pool affects …

This paper proposes a conceptual framework for the analysis of reward sharing schemes in mining pools, such as those … associated with Bitcoin. The framework is centered around the reported shares in a pool instead of agents and results in two new … fairness criteria, absolute and relative redistribution. These criteria impose that the addition of a share to the pool affects …

and mining costs, and blockchain security outcomes. Using daily crypto market data for 2014-2021 and employing the …This paper studies to what extent the cost of operating a proof-of-work blockchain is intrinsically linked to the cost … cryptocurrency market outcomes. We theoretically derive an equilibrium relationship between the cryptocurrency price, mining rewards …