{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,9,4]],"date-time":"2025-09-04T14:09:48Z","timestamp":1756994988238,"version":"3.41.0"},"publisher-location":"New York, NY, USA","reference-count":31,"publisher":"ACM","license":[{"start":{"date-parts":[[2022,9,19]],"date-time":"2022-09-19T00:00:00Z","timestamp":1663545600000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.acm.org\/publications\/policies\/copyright_policy#Background"}],"funder":[{"DOI":"10.13039\/100000001","name":"NSF (National Science Foundation)","doi-asserted-by":"publisher","award":["1810582"],"award-info":[{"award-number":["1810582"]}],"id":[{"id":"10.13039\/100000001","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":["dl.acm.org"],"crossmark-restriction":true},"short-container-title":[],"published-print":{"date-parts":[[2022,9,19]]},"DOI":"10.1145\/3558535.3559792","type":"proceedings-article","created":{"date-parts":[[2023,7,5]],"date-time":"2023-07-05T14:54:17Z","timestamp":1688568857000},"page":"294-307","update-policy":"https:\/\/doi.org\/10.1145\/crossmark-policy","source":"Crossref","is-referenced-by-count":1,"title":["Blockchain Mining: Optimal Resource Allocation"],"prefix":"10.1145","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-4913-4881","authenticated-orcid":false,"given":"Yunming","family":"Xiao","sequence":"first","affiliation":[{"name":"Northwestern University, Evanston, United States of America"}]},{"given":"Sarit","family":"Markovich","sequence":"additional","affiliation":[{"name":"Kellogg School of Management, Northwestern University, Evanston, United States of America"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-2622-6019","authenticated-orcid":false,"given":"Aleksandar","family":"Kuzmanovic","sequence":"additional","affiliation":[{"name":"Northwestern University, Evanston, USA"}]}],"member":"320","published-online":{"date-parts":[[2023,7,5]]},"reference":[{"key":"e_1_3_2_1_1_1","volume-title":"Bitcoin difficulty","author":"Bitcoinwiki","year":"2020","unstructured":"Bitcoinwiki : Bitcoin difficulty , 2020 . https:\/\/en.bitcoin.it\/wiki\/Difficulty\/. Bitcoinwiki: Bitcoin difficulty, 2020. https:\/\/en.bitcoin.it\/wiki\/Difficulty\/."},{"key":"e_1_3_2_1_2_1","unstructured":"BlockChair 2020. https:\/\/blockchair.com\/.  BlockChair 2020. https:\/\/blockchair.com\/."},{"key":"e_1_3_2_1_3_1","unstructured":"CoinGecko API 2020. https:\/\/www.coingecko.com\/en\/api\/.  CoinGecko API 2020. https:\/\/www.coingecko.com\/en\/api\/."},{"key":"e_1_3_2_1_4_1","unstructured":"Mining Pool Stats 2020. https:\/\/miningpoolstats.stream\/.  Mining Pool Stats 2020. https:\/\/miningpoolstats.stream\/."},{"key":"e_1_3_2_1_5_1","unstructured":"What is the One-Click Switch and how to use it? 2020. https:\/\/support.viabtc.com\/hc\/en-us\/articles\/900001529046-What-is-the-One-Click-Switch-and-how-to-use-it-.  What is the One-Click Switch and how to use it? 2020. https:\/\/support.viabtc.com\/hc\/en-us\/articles\/900001529046-What-is-the-One-Click-Switch-and-how-to-use-it-."},{"key":"e_1_3_2_1_6_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-319-70278-0_18"},{"key":"e_1_3_2_1_7_1","doi-asserted-by":"publisher","DOI":"10.1145\/2695533.2695545"},{"key":"e_1_3_2_1_8_1","first-page":"155","volume-title":"Cryptocurrencies and Blockchain Technology - ESORICS 2018 International Workshops, DPM 2018 and CBT 2018, Barcelona, Spain, September 6--7, 2018","author":"Bissias G.","year":"2018","unstructured":"G. Bissias , B. N. Levine , and D. Thibodeau . Using economic risk to model miner hash rate allocation in cryptocurrencies. In Data Privacy Management , Cryptocurrencies and Blockchain Technology - ESORICS 2018 International Workshops, DPM 2018 and CBT 2018, Barcelona, Spain, September 6--7, 2018 , Proceedings , pages 155 -- 172 , 2018 . G. Bissias, B. N. Levine, and D. Thibodeau. Using economic risk to model miner hash rate allocation in cryptocurrencies. In Data Privacy Management, Cryptocurrencies and Blockchain Technology - ESORICS 2018 International Workshops, DPM 2018 and CBT 2018, Barcelona, Spain, September 6--7, 2018, Proceedings, pages 155--172, 2018."},{"key":"e_1_3_2_1_9_1","volume-title":"Greedy but cautious: Conditions for miner convergence to resource allocation equilibrium. CoRR, abs\/1907.09883","author":"Bissias G.","year":"2019","unstructured":"G. Bissias , B. N. Levine , and D. Thibodeau . Greedy but cautious: Conditions for miner convergence to resource allocation equilibrium. CoRR, abs\/1907.09883 , 2019 . G. Bissias, B. N. Levine, and D. Thibodeau. Greedy but cautious: Conditions for miner convergence to resource allocation equilibrium. CoRR, abs\/1907.09883, 2019."},{"key":"e_1_3_2_1_10_1","volume-title":"Diversification across mining pools: Optimal mining strategies under pow. CoRR, abs\/1905.04624","author":"Chatzigiannis P.","year":"2019","unstructured":"P. Chatzigiannis , F. Baldimtsi , I. Griva , and J. Li . Diversification across mining pools: Optimal mining strategies under pow. CoRR, abs\/1905.04624 , 2019 . P. Chatzigiannis, F. Baldimtsi, I. Griva, and J. Li. Diversification across mining pools: Optimal mining strategies under pow. CoRR, abs\/1905.04624, 2019."},{"key":"e_1_3_2_1_11_1","doi-asserted-by":"publisher","DOI":"10.3386\/w25592"},{"key":"e_1_3_2_1_12_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-662-44774-1_7"},{"key":"e_1_3_2_1_13_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jpdc.2019.08.005"},{"key":"e_1_3_2_1_14_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-030-32101-7_3"},{"key":"e_1_3_2_1_15_1","doi-asserted-by":"publisher","DOI":"10.1145\/3465456.3467636"},{"key":"e_1_3_2_1_16_1","first-page":"205","volume-title":"WINE 2017, Bangalore, India, December 17--20, 2017","author":"Fisch B.","year":"2017","unstructured":"B. Fisch , R. Pass , and A. Shelat . Socially optimal mining pools. In Web and Internet Economics - 13th International Conference , WINE 2017, Bangalore, India, December 17--20, 2017 , Proceedings , pages 205 -- 218 , 2017 . B. Fisch, R. Pass, and A. Shelat. Socially optimal mining pools. In Web and Internet Economics - 13th International Conference, WINE 2017, Bangalore, India, December 17--20, 2017, Proceedings, pages 205--218, 2017."},{"key":"e_1_3_2_1_17_1","doi-asserted-by":"publisher","DOI":"10.1109\/SP.2019.00040"},{"key":"e_1_3_2_1_18_1","volume-title":"NYU Stern School of Business","author":"Irresberger F.","year":"2021","unstructured":"F. Irresberger , K. John , P. Mueller , and F. Saleh . The public blockchain ecosystem: An empirical analysis . NYU Stern School of Business , 2021 . F. Irresberger, K. John, P. Mueller, and F. Saleh. The public blockchain ecosystem: An empirical analysis. NYU Stern School of Business, 2021."},{"key":"e_1_3_2_1_19_1","first-page":"1","volume-title":"ONC\/NIST Use of Blockchain for Healthcare and Research Workshop","author":"Ivan D.","year":"2016","unstructured":"D. Ivan . Moving toward a blockchain-based method for the secure storage of patient records . In ONC\/NIST Use of Blockchain for Healthcare and Research Workshop . Gaithersburg, Maryland, United States : ONC\/NIST, pages 1 -- 11 , 2016 . D. Ivan. Moving toward a blockchain-based method for the secure storage of patient records. In ONC\/NIST Use of Blockchain for Healthcare and Research Workshop. Gaithersburg, Maryland, United States: ONC\/NIST, pages 1--11, 2016."},{"key":"e_1_3_2_1_20_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-319-63688-7_12"},{"key":"e_1_3_2_1_21_1","volume-title":"August, 19(1)","author":"King S.","year":"2012","unstructured":"S. King and S. Nadal . Ppcoin: Peer-to-peer crypto-currency with proof-of-stake. self-published paper , August, 19(1) , 2012 . S. King and S. Nadal. Ppcoin: Peer-to-peer crypto-currency with proof-of-stake. self-published paper, August, 19(1), 2012."},{"key":"e_1_3_2_1_22_1","first-page":"919","volume-title":"Proceedings of the 2015 International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2015","author":"Lewenberg Y.","year":"2015","unstructured":"Y. Lewenberg , Y. Bachrach , Y. Sompolinsky , A. Zohar , and J. S. Rosenschein . Bitcoin mining pools: A cooperative game theoretic analysis . In Proceedings of the 2015 International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2015 , Istanbul, Turkey, May 4--8 , 2015 , pages 919 -- 927 , 2015. Y. Lewenberg, Y. Bachrach, Y. Sompolinsky, A. Zohar, and J. S. Rosenschein. Bitcoin mining pools: A cooperative game theoretic analysis. In Proceedings of the 2015 International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2015, Istanbul, Turkey, May 4--8, 2015, pages 919--927, 2015."},{"key":"e_1_3_2_1_23_1","series-title":"Lecture Notes in Computer Science","doi-asserted-by":"crossref","first-page":"297","DOI":"10.1007\/978-3-319-63558-3","volume-title":"Data Privacy Management, Cryptocurrencies and Blockchain Technology - ESORICS 2017 International Workshops, DPM 2017 and CBT","author":"Li W.","year":"2017","unstructured":"W. Li , S. Andreina , J. Bohli , and G. Karame . Securing proof-of-stake blockchain protocols . In J. Garc\u00eda-Alfaro, G. Navarro-Arribas, H. Hartenstein, and J. Herrera-Joancomart\u00ed, editors, Data Privacy Management, Cryptocurrencies and Blockchain Technology - ESORICS 2017 International Workshops, DPM 2017 and CBT 2017 , Oslo, Norway, September 14--15, 2017, Proceedings, volume 10436 of Lecture Notes in Computer Science , pages 297 -- 315 . Springer , 2017. W. Li, S. Andreina, J. Bohli, and G. Karame. Securing proof-of-stake blockchain protocols. In J. Garc\u00eda-Alfaro, G. Navarro-Arribas, H. Hartenstein, and J. Herrera-Joancomart\u00ed, editors, Data Privacy Management, Cryptocurrencies and Blockchain Technology - ESORICS 2017 International Workshops, DPM 2017 and CBT 2017, Oslo, Norway, September 14--15, 2017, Proceedings, volume 10436 of Lecture Notes in Computer Science, pages 297--315. Springer, 2017."},{"key":"e_1_3_2_1_24_1","doi-asserted-by":"publisher","DOI":"10.1109\/LWC.2018.2820009"},{"key":"e_1_3_2_1_25_1","volume-title":"Proof-of-stake. The Review of financial studies, 34(3):1156--1190","author":"Saleh F.","year":"2021","unstructured":"F. Saleh . Blockchain without waste : Proof-of-stake. The Review of financial studies, 34(3):1156--1190 , 2021 . F. Saleh. Blockchain without waste: Proof-of-stake. The Review of financial studies, 34(3):1156--1190, 2021."},{"key":"e_1_3_2_1_26_1","volume-title":"Game of coins. CoRR, abs\/1805.08979","author":"Spiegelman A.","year":"2018","unstructured":"A. Spiegelman , I. Keidar , and M. Tennenholtz . Game of coins. CoRR, abs\/1805.08979 , 2018 . A. Spiegelman, I. Keidar, and M. Tennenholtz. Game of coins. CoRR, abs\/1805.08979, 2018."},{"key":"e_1_3_2_1_27_1","doi-asserted-by":"publisher","DOI":"10.5555\/3398761.3398914"},{"key":"e_1_3_2_1_28_1","volume-title":"Measurement and analysis of the bitcoin networks: A view from mining pools. CoRR, abs\/1902.07549","author":"Wang C.","year":"2019","unstructured":"C. Wang , X. Chu , and Q. Yang . Measurement and analysis of the bitcoin networks: A view from mining pools. CoRR, abs\/1902.07549 , 2019 . C. Wang, X. Chu, and Q. Yang. Measurement and analysis of the bitcoin networks: A view from mining pools. CoRR, abs\/1902.07549, 2019."},{"key":"e_1_3_2_1_29_1","first-page":"290","volume-title":"PAM 2015, New York, NY, USA, March 19--20, 2015","author":"Wang L.","year":"2015","unstructured":"L. Wang and Y. Liu . Exploring miner evolution in bitcoin network. In Passive and Active Measurement - 16th International Conference , PAM 2015, New York, NY, USA, March 19--20, 2015 , Proceedings , pages 290 -- 302 , 2015 . L. Wang and Y. Liu. Exploring miner evolution in bitcoin network. In Passive and Active Measurement - 16th International Conference, PAM 2015, New York, NY, USA, March 19--20, 2015, Proceedings, pages 290--302, 2015."},{"key":"e_1_3_2_1_30_1","doi-asserted-by":"publisher","DOI":"10.1109\/ICC.2018.8422547"},{"key":"e_1_3_2_1_31_1","volume-title":"Equilibrium of blockchain miners with dynamic asset allocation. CoRR, abs\/2006.08016","author":"Yamamoto G.","year":"2020","unstructured":"G. Yamamoto , A. Laszka , and F. Kojima . Equilibrium of blockchain miners with dynamic asset allocation. CoRR, abs\/2006.08016 , 2020 . G. Yamamoto, A. Laszka, and F. Kojima. Equilibrium of blockchain miners with dynamic asset allocation. CoRR, abs\/2006.08016, 2020."}],"event":{"name":"AFT '22: 4th ACM Conference on Advances in Financial Technologies","acronym":"AFT '22","location":"Cambridge MA USA"},"container-title":["Proceedings of the 4th ACM Conference on Advances in Financial Technologies"],"original-title":[],"link":[{"URL":"https:\/\/dl.acm.org\/doi\/10.1145\/3558535.3559792","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/dl.acm.org\/doi\/pdf\/10.1145\/3558535.3559792","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/dl.acm.org\/doi\/pdf\/10.1145\/3558535.3559792","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,6,17]],"date-time":"2025-06-17T16:47:09Z","timestamp":1750178829000},"score":1,"resource":{"primary":{"URL":"https:\/\/dl.acm.org\/doi\/10.1145\/3558535.3559792"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2022,9,19]]},"references-count":31,"alternative-id":["10.1145\/3558535.3559792","10.1145\/3558535"],"URL":"https:\/\/doi.org\/10.1145\/3558535.3559792","relation":{},"subject":[],"published":{"date-parts":[[2022,9,19]]},"assertion":[{"value":"2023-07-05","order":2,"name":"published","label":"Published","group":{"name":"publication_history","label":"Publication History"}}]}}