To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. This paper presents a simple game theoretic framework, assuming complete information, to model Bitcoin mining activity. It does so by formalizing the activity as an all-pay contest: a competition susan athey bitcoin miner participants contend with each other to win a prize by investing in computational power, and victory is probabilistic.
Bitcoin: A Peer-to-Peer Electronic Cash System. SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies. Economic Aspects of Bitcoin and Other Decentralized Public-Ledger Currency Platforms. Bitcoin Pricing, Adoption, and Usage: Theory and Evidence. A Transaction Fee Market Exists Without a Block Size Limit.
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