Profit Maximization for Bitcoin Pool Mining: A Prospect Theoretic Approach

Published: Oct 1, 2017
Abstract
It is predicted that cryptocurrencies will play an important role in the global economy. Therefore, it is prudent for us to understand the importance and monetary value of such cryptocurrencies, and strategize our investments accordingly. One of the ways to obtain cryptocurrency is via mining. As solo mining is not possible because of the computational requirements, pool mining has gained popularity. In this paper, we focus on Bitcoin and its...
Paper Details
Title
Profit Maximization for Bitcoin Pool Mining: A Prospect Theoretic Approach
Published Date
Oct 1, 2017
Journal
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