Rise of Powerful Mining Pools Forces Rethink of Bitcoin Design .
Jun 17, 2014 . Video · Special Publications · MIT News magazine · Newsletters . Intelligent Machines . All day Friday, a bitcoin mining company known as GHash. . Although an attack would be quickly detected, the effect on the . I lead our coverage of new ideas from Silicon Valley, whether they spring from tech
Majority is not Enough: Bitcoin Mining is . Cornell Computer Science
We show that the Bitcoin mining protocol is not incentive compatible. We present an . It is, therefore, critical that the protocol be designed such that miners have no .. a unique ID, and the ID of the preceding block. The first block .. Figure 1 illustrates the progress of the system as a state machine. .. 4.4 The Effect of α and γ.Get Price