CASIA OpenIR
A novel hybrid share reporting strategy for blockchain miners in PPLNS pools
Qin, Rui1,2,6; Yuan, Yong1,2; Wang, Fei-Yue1,2,3,4,5
Source PublicationDECISION SUPPORT SYSTEMS
ISSN0167-9236
2019-03-01
Volume118Issue:NAPages:91-101
Abstract

In blockchain pool mining, Pay-Per-Last-N-Shares (PPLNS) is one of the most commonly used reward mechanisms in practice, in which the mining pools will distribute the reward among the miners whose reported shares fall in the last N shares, according to the proportion of the number of shares of the miner in the last N shares. In the PPLNS mechanism, miners' reporting strategies may impose significant impacts to their rewards via determining the number of shares appeared in the last N shares. As such, how to strategically report their shares to the pool has become an important decision faced by miners. In this paper, we study the share reporting problem in PPLNS pools, and establish a share reporting model for a miner to optimize his/her rewards. We also propose a novel hybrid share reporting strategy for the miner based on our model, and design computational experiments to evaluate our hybrid share reporting strategy. The experimental results show that the hybrid strategy outperforms two baseline share reporting strategies commonly used in practice. This work is the first attempt to study the share reporting issue faced by miners in PPLNS pools, and it can provide important managerial insights for blockchain pool miners when making their share reporting decisions.

KeywordShare reporting strategy Blockchain mining PPLNS reward Pool mining Computational experiments approach
DOI10.1016/j.dss.2019.01.006
WOS KeywordTECHNOLOGY ; SELECTION ; MECHANISM ; SYSTEMS ; GAME
Indexed BySCI
Language英语
Funding ProjectNational Natural Science Foundation of China[61533019] ; National Natural Science Foundation of China[71702182] ; National Natural Science Foundation of China[71472174] ; National Natural Science Foundation of China[71232006]
WOS Research AreaComputer Science ; Operations Research & Management Science
WOS SubjectComputer Science, Artificial Intelligence ; Computer Science, Information Systems ; Operations Research & Management Science
WOS IDWOS:000461535200009
PublisherELSEVIER SCIENCE BV
Citation statistics
Cited Times:2[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.ia.ac.cn/handle/173211/24989
Collection中国科学院自动化研究所
Corresponding AuthorYuan, Yong
Affiliation1.Chinese Acad Sci, Inst Automat, State Key Lab Management & Control Complex Syst, Beijing, Peoples R China
2.Qingdao Acad Intelligent Ind, Qingdao, Peoples R China
3.Natl Univ Def Technol, Res Ctr Mil Computat Expt & Parallel Syst, Changsha, Hunan, Peoples R China
4.Macau Univ Sci & Technol, Inst Syst Engn, Macau, Peoples R China
5.Univ Chinese Acad Sci, Beijing, Peoples R China
6.Chinese Acad Sci, Beijing Engn Res Ctr Intelligent Syst & Technol, Inst Automat, Beijing, Peoples R China
First Author AffilicationInstitute of Automation, Chinese Academy of Sciences
Corresponding Author AffilicationInstitute of Automation, Chinese Academy of Sciences
Recommended Citation
GB/T 7714
Qin, Rui,Yuan, Yong,Wang, Fei-Yue. A novel hybrid share reporting strategy for blockchain miners in PPLNS pools[J]. DECISION SUPPORT SYSTEMS,2019,118(NA):91-101.
APA Qin, Rui,Yuan, Yong,&Wang, Fei-Yue.(2019).A novel hybrid share reporting strategy for blockchain miners in PPLNS pools.DECISION SUPPORT SYSTEMS,118(NA),91-101.
MLA Qin, Rui,et al."A novel hybrid share reporting strategy for blockchain miners in PPLNS pools".DECISION SUPPORT SYSTEMS 118.NA(2019):91-101.
Files in This Item: Download All
File Name/Size DocType Version Access License
A novel hybrid share(2213KB)期刊论文作者接受稿开放获取CC BY-NC-SAView Download
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Qin, Rui]'s Articles
[Yuan, Yong]'s Articles
[Wang, Fei-Yue]'s Articles
Baidu academic
Similar articles in Baidu academic
[Qin, Rui]'s Articles
[Yuan, Yong]'s Articles
[Wang, Fei-Yue]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Qin, Rui]'s Articles
[Yuan, Yong]'s Articles
[Wang, Fei-Yue]'s Articles
Terms of Use
No data!
Social Bookmark/Share
File name: A novel hybrid share reporting strategy for blockchain miners in PPLNS pools.pdf
Format: Adobe PDF
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.