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Analysis of Bitcoin Pooled Mining Reward Systems

arXiv:1112.4980
Date: 2011-12-21
Author(s): Meni Rosenfeld

Link to Paper


Abstract
In this paper we describe the various scoring systems used to calculate rewards of participants in Bitcoin pooled mining, explain the problems each were designed to solve and analyze their respective advantages and disadvantages.

Bibliography
[1] c00w. bithopper: Python pool hopper proxy. http://bitcointalk.org/?topic=26866.
[2] forrestv. p2pool. https://bitcointalk.org/?topic=18313.0.
[3] Satoshi Nakamoto. Bitcoin p2p virtual currency. http://www.bitcoin.org/.
[4] Raulo. Optimal pool abuse strategy, 2011. http://bitcoin.atspace.com/poolcheating.pdf.
[5] slush. Bitcoin pooled mining. http://mining.bitcoin.cz/.
submitted by dj-gutz to myrXiv [link] [comments]

Slush Pool ⛏: “The good folks at Square Crypto are supporting our initiative to establish a new, more decentralized, standard for Bitcoin mining with a development grant. If you want to contribute to Stratum V2 (Rust), get in touch!”

Slush Pool ⛏: “The good folks at Square Crypto are supporting our initiative to establish a new, more decentralized, standard for Bitcoin mining with a development grant. If you want to contribute to Stratum V2 (Rust), get in touch!” submitted by eragmus to Bitcoin [link] [comments]

AMA Bitcoin Mining / Stratum V2 — We are Braiins, the company behind Slush Pool and Stratum V2. We’re joined by Matt Corallo and Peter Todd. Ask us anything!

Hi Bitcoin! We are Jan Capek (u/janbraiins) and Pavel Moravec (u/p-m-o), co-founders of Braiins (the company behind Slush Pool & Braiins OS). We recently published the specification for Stratum V2 — a new mining protocol that improves the decentralization, security, and efficiency of Bitcoin mining.
We know the biggest issues miners and mining pools face based on our years of experience operating Slush Pool, and this protocol addresses those problems. You can find the documentation at stratumprotocol.org.
Matt Corallo (u/TheBlueMatt) will also participate in the AMA. He joined us in Prague last September to hash out the details of the spec and his idea of allowing miners to select their own work in BetterHash is also implemented in Stratum V2. Peter Todd (u/petertodd) also joined the V2 team with his security expertise and will participate in this AMA.
Ask us anything! We’ll try to begin answering questions on Thursday around 4pm CET (10am EST).
P.S. The V2 technical specification is currently available to the public for comments and general feedback.
submitted by SlushPool to Bitcoin [link] [comments]

Bitcoin halvening - mining is undergoing a major shift [Slush Pool CEO Jan Čapek]

Bitcoin halvening - mining is undergoing a major shift [Slush Pool CEO Jan Čapek] submitted by SlushPool to Bitcoin [link] [comments]

Experts Discuss Stratum V2 and the Future of Bitcoin Mining [Matt Corallo / Peter Todd / Slush Pool CEOs]

Experts Discuss Stratum V2 and the Future of Bitcoin Mining [Matt Corallo / Peter Todd / Slush Pool CEOs] submitted by SlushPool to Bitcoin [link] [comments]

Would you like to hear a podcast with the Star Trek legend William Shatner and Slush Pool guys on the topic of #Bitcoin ⛏️mining? Like & RT to help them get his attention.

Would you like to hear a podcast with the Star Trek legend William Shatner and Slush Pool guys on the topic of #Bitcoin ⛏️mining? Like & RT to help them get his attention. submitted by anti-fragile to Bitcoin [link] [comments]

Slush Pool Creators Improving Bitcoin Mining Security with New Software

Slush Pool Creators Improving Bitcoin Mining Security with New Software submitted by Deebabitcoinair to cryptocurrencynews [link] [comments]

Slush Pool Creators Improving Bitcoin Mining Security with New Software

Slush Pool Creators Improving Bitcoin Mining Security with New Software submitted by Deebabitcoinair to Crypto_Currency_News [link] [comments]

Slush Pool Creators Improving Bitcoin Mining Security with New Software

Slush Pool Creators Improving Bitcoin Mining Security with New Software submitted by n4bb to CoinPath [link] [comments]

Slush Pool Creators Improving Bitcoin Mining Security with New Software

Slush Pool Creators Improving Bitcoin Mining Security with New Software submitted by Deebabitcoinair to cryptonewswire [link] [comments]

Slush Pool Creators Improving Bitcoin Mining Security with New Software

Slush Pool Creators Improving Bitcoin Mining Security with New Software submitted by Deebabitcoinair to CryptoNews [link] [comments]

Slush Pool Creators Improving Bitcoin Mining Security with New Software

Slush Pool Creators Improving Bitcoin Mining Security with New Software submitted by Deebabitcoinair to u/Deebabitcoinair [link] [comments]

What's Halvening? Podcast & Slush Pool CEOs -- open-source initiative in Bitcoin mining

What's Halvening? Podcast & Slush Pool CEOs -- open-source initiative in Bitcoin mining submitted by SlushPool to Bitcoin [link] [comments]

Bitcoin & Co PODCAST: a non-technical look into btc mining, profitability and competition [Slush Pool CEOs]

Bitcoin & Co PODCAST: a non-technical look into btc mining, profitability and competition [Slush Pool CEOs] submitted by SlushPool to Bitcoin [link] [comments]

Get a Piece of Bitcoin History With Slush Pool!

Get a Piece of Bitcoin History With Slush Pool! submitted by anti-fragile to Bitcoin [link] [comments]

Experts Discuss Stratum V2 and the Future of Bitcoin Mining [Matt Corallo / Peter Todd / Slush Pool CEOs]

Experts Discuss Stratum V2 and the Future of Bitcoin Mining [Matt Corallo / Peter Todd / Slush Pool CEOs] submitted by SlushPool to slushpool [link] [comments]

Bitcoin & Co PODCAST: a non-technical look into btc mining, profitability and competition [Slush Pool CEOs]

Bitcoin & Co PODCAST: a non-technical look into btc mining, profitability and competition [Slush Pool CEOs] submitted by SlushPool to slushpool [link] [comments]

What's Halvening? Podcast & Slush Pool CEOs -- open-source initiative in Bitcoin mining

What's Halvening? Podcast & Slush Pool CEOs -- open-source initiative in Bitcoin mining submitted by SlushPool to slushpool [link] [comments]

Bitcoin halvening - mining is undergoing a major shift [Slush Pool CEO Jan Čapek]

Bitcoin halvening - mining is undergoing a major shift [Slush Pool CEO Jan Čapek] submitted by SlushPool to slushpool [link] [comments]

AMA Bitcoin Mining / Stratum V2 — We are Braiins, the company behind Slush Pool and Stratum V2. We’re joined by Matt Corallo and Peter Todd. Ask us anything!

submitted by SlushPool to slushpool [link] [comments]

Remember to support Bitcoin Core on your Slush Pool account to protect bitcoin against the incoming B2X attack

Remember to support Bitcoin Core on your Slush Pool account to protect bitcoin against the incoming B2X attack submitted by ABrandsen to Bitcoin [link] [comments]

AMA Bitcoin Mining / Stratum V2 — We are Braiins, the company behind Slush Pool and Stratum V2. We’re joined by Matt Corallo and Peter Todd. Ask us anything!

submitted by hippography to BitcoinMining [link] [comments]

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