IDEAS home Printed from https://ideas.repec.org/p/arx/papers/1911.06400.html
   My bibliography  Save this paper

Tracking the circulation routes of fresh coins in Bitcoin: A way of identifying coin miners with transaction network structural properties

Author

Listed:
  • Zeng-Xian Lin
  • Xiao Fan Liu

Abstract

Bitcoin draws the highest degree of attention among cryptocurrencies, while coin mining is one of the most important fashion of profiting in the Bitcoin ecosystem. This paper constructs fresh coin circulation networks by tracking the fresh coin transfer routes with transaction referencing in Bitcoin blockchain. This paper proposes a heuristic algorithm to identifying coin miners by comparing coin circulation networks from different mining pools and thereby inferring the common profit distribution schemes of Bitcoin mining pools. Furthermore, this paper characterizes the increasing trend of Bitcoin miner numbers during recent years.

Suggested Citation

  • Zeng-Xian Lin & Xiao Fan Liu, 2019. "Tracking the circulation routes of fresh coins in Bitcoin: A way of identifying coin miners with transaction network structural properties," Papers 1911.06400, arXiv.org, revised Apr 2022.
    • Handle: RePEc:arx:papers:1911.06400
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/1911.06400
    File Function: Latest version
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:1911.06400. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.