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) |
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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) |
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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 |
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blockchain |
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mining |
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decision-making |
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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.) |
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Toshimitsu Ushio |
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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 |
6 |
Date of Issue |
2020-11-18 (CAS, MSS) |
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