Selection Strategy of Mining Pool under Various Different Payment Mechanisms

doi:10.1155/2022/8265140

	Selection Strategy of Mining Pool under Various Different Payment Mechanisms
	Tan Xing-Hong 1; Fu Lu-Xia 1; Zhang Zhuang 1; Tan Liang 1,2
	2022-07-06
发表期刊	SECURITY AND COMMUNICATION NETWORKS
ISSN	1939-0114
卷号	2022 页码:10
摘要	Blockchain is becoming increasingly popular and has received extensive attention in various fields. In a proof-of-work-based blockchain, miners usually choose to join a mining pool for mining to gain revenue. Different mining pools may use other payment mechanisms, and each miner can earn different revenues in different pools. There are currently four common payment mechanisms used by mining pools to distribute mining revenue, namely, PPS, PPLNS, PPS+, and FPPS, and there are no relevant research results on the selection strategies of these four payment mechanisms. To this end, this paper models the pool selection problem as a risky decision problem and proposes the selection strategies of these four mining pool payment mechanisms. Firstly, miners' income under the four payment mechanisms is given; then, a mining pool selection strategy based on the change of computing power is constructed based on the Laplace criterion; finally, the proposed strategy is verified and analyzed by simulation. The experiments show that the proposed mining pool selection strategy is effective. The results of this paper can provide an essential reference for miners when making pool selection decisions.
DOI	10.1155/2022/8265140
收录类别	SCI
语种	英语
资助项目	National Natural Science Foundation of China[61373162] ; Sichuan Provincial Science and Technology Department Project[2022YFG0161]
WOS研究方向	Computer Science ; Telecommunications
WOS类目	Computer Science, Information Systems ; Telecommunications
WOS记录号	WOS:000830970700003
出版者	WILEY-HINDAWI
引用统计
文献类型	期刊论文
条目标识符	http://119.78.100.204/handle/2XEOYT63/19495
专题	中国科学院计算技术研究所期刊论文_英文
通讯作者	Tan Liang
作者单位	1.Sichuan Normal Univ, Coll Comp Sci, Chengdu 610101, Sichuan, Peoples R China 2.Chinese Acad Sci, Inst Comp Technol, Beijing 100190, Peoples R China
推荐引用方式 GB/T 7714	Tan Xing-Hong,Fu Lu-Xia,Zhang Zhuang,et al. Selection Strategy of Mining Pool under Various Different Payment Mechanisms[J]. SECURITY AND COMMUNICATION NETWORKS,2022,2022:10.
APA	Tan Xing-Hong,Fu Lu-Xia,Zhang Zhuang,&Tan Liang.(2022).Selection Strategy of Mining Pool under Various Different Payment Mechanisms.SECURITY AND COMMUNICATION NETWORKS,2022,10.
MLA	Tan Xing-Hong,et al."Selection Strategy of Mining Pool under Various Different Payment Mechanisms".SECURITY AND COMMUNICATION NETWORKS 2022(2022):10.