Á¤º¸°úÇÐȸ ÄÄÇ»ÆÃÀÇ ½ÇÁ¦ ³í¹®Áö (KIISE Transactions on Computing Practices)
ÇѱÛÁ¦¸ñ(Korean Title) |
ºí·ÏüÀÎ ³×Æ®¿öÅ©¿¡¼ ¸¶ÀÌ´× Ç® ¼±Åÿ¡ ´ëÇÑ È®·üÀû Á¢±Ù |
¿µ¹®Á¦¸ñ(English Title) |
Mining Pool Selection Strategy in Blockchain Networks: A Probabilistic Approach |
ÀúÀÚ(Author) |
¿ì¸Ó ¸¶Áöµå
±è±âÅÂ
È«Ãæ¼±
Umer Majeed
Kitae Kim
Choong Seon Hong
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¿ø¹®¼ö·Ïó(Citation) |
VOL 26 NO. 06 PP. 0280 ~ 0285 (2020. 06) |
Çѱ۳»¿ë (Korean Abstract) |
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¿µ¹®³»¿ë (English Abstract) |
Pool mining is the solution to the highly variant reward incentive in solo-mining for blockchain networks. In pool mining, miners collaborate to form mining pools and distribute the earned rewards in accordance with pool policies to earn a steady income. In this paper, we considered a paradigm for a new mining enterprise seeking amalgamation with one of the existing mining pools. We set the criteria of the highest winning probability with respect to other mining pools for such a merger. We formulated our problem for the selection of a mining pool for consolidation with the new mining enterprise. The simulation for a case scenario shows the influence of block size on propagation delay and winning probability. Finally, we selected the optimal mining pool for consolidation with the new mining enterprise based on winning probability and empirical analysis.
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Å°¿öµå(Keyword) |
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Ç® ¸¶ÀÌ´×
È®·üÀû Á¢±Ù
½Â¸® È®·ü
blockchain
mining pool selection
pool mining
probabilistic approach
winning proba
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