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Paper Abstract and Keywords
Presentation 2020-11-26 15:25
Analysis of Decision-making Problem for Blockchain Mining -- 3-miner Case --
Kosuke Toda, Naomi Kuze, Toshimitsu Ushio (Osaka Univ.) CAS2020-34 MSS2020-26
Abstract (in Japanese) (See Japanese page) 
(in English) It is an important decision-making problem for a miner in blockchain networks if he/she does mining so that he/she earns a reward by creating a new block earlier than the other miners. We formulated this problem as a non-cooperative game and derived Nash equilibria theoretically when the number of miners is 2. In this report, we analyze the relationship between the cost for mining, and Nash equilibria when the number of miners is 3. We show a hysteresis phenomenon of Nash equilibria and a jump phenomenon of the decision of the miners depending on the reward.
Keyword (in Japanese) (See Japanese page) 
(in English) blockchain / mining / decision-making / game theory / / / /  
Reference Info. IEICE Tech. Rep., vol. 120, no. 246, MSS2020-26, pp. 85-90, Nov. 2020.
Paper # MSS2020-26 
Date of Issue 2020-11-18 (CAS, MSS) 
ISSN Online edition: ISSN 2432-6380
Copyright
and
reproduction
All rights are reserved and no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Notwithstanding, instructors are permitted to photocopy isolated articles for noncommercial classroom use without fee. (License No.: 10GA0019/12GB0052/13GB0056/17GB0034/18GB0034)
Download PDF CAS2020-34 MSS2020-26

Conference Information
Committee MSS CAS IPSJ-AL  
Conference Date 2020-11-25 - 2020-11-26 
Place (in Japanese) (See Japanese page) 
Place (in English) Online 
Topics (in Japanese) (See Japanese page) 
Topics (in English)  
Paper Information
Registration To MSS 
Conference Code 2020-11-MSS-CAS-AL 
Language Japanese 
Title (in Japanese) (See Japanese page) 
Sub Title (in Japanese) (See Japanese page) 
Title (in English) Analysis of Decision-making Problem for Blockchain Mining 
Sub Title (in English) 3-miner Case 
Keyword(1) blockchain  
Keyword(2) mining  
Keyword(3) decision-making  
Keyword(4) game theory  
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1st Author's Name Kosuke Toda  
1st Author's Affiliation Osaka University (Osaka Univ.)
2nd Author's Name Naomi Kuze  
2nd Author's Affiliation Osaka University (Osaka Univ.)
3rd Author's Name Toshimitsu Ushio  
3rd Author's Affiliation Osaka University (Osaka Univ.)
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Speaker Author-1 
Date Time 2020-11-26 15:25:00 
Presentation Time 25 minutes 
Registration for MSS 
Paper # CAS2020-34, MSS2020-26 
Volume (vol) vol.120 
Number (no) no.245(CAS), no.246(MSS) 
Page pp.85-90 
#Pages
Date of Issue 2020-11-18 (CAS, MSS) 


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