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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
刊名DECISION SUPPORT SYSTEMS
2019-03-01
卷号118期号:NA页码:91-101
关键词Share reporting strategy Blockchain mining PPLNS reward Pool mining Computational experiments approach
ISSN号0167-9236
DOI10.1016/j.dss.2019.01.006
英文摘要

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.

资助项目National 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关键词TECHNOLOGY ; SELECTION ; MECHANISM ; SYSTEMS ; GAME
WOS研究方向Computer Science ; Operations Research & Management Science
语种英语
出版者ELSEVIER SCIENCE BV
WOS记录号WOS:000461535200009
内容类型期刊论文
源URL[http://ir.ia.ac.cn/handle/173211/24988]  
专题中国科学院自动化研究所
通讯作者Yuan, Yong
作者单位1.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
推荐引用方式
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.
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