7 Economics of mining

Chapters in this book

1. Frontmatter I
2. Preface V
3. Acknowledgments VII
4. Contents IX
5. 1 Basic of cryptographic payments 1
6. 2 Probability spaces 25
7. 3 Game theory basics 46
8. 4 Monopolizing pool 62
9. 5 Basic double-spend game 69
10. 6 Censorship attacks 90
11. 7 Economics of mining 112
12. 8 Selfish mining 123
13. 9 Strategic mining 138
14. 10 What discourages strategic mining? 169
15. 11 Declining block subsidy 174
16. 12 The Flattening ASIC cost curve 184
17. 13 Attacks 198
18. 14 Direct frontal takeovers 225
19. 15 Nash bargaining 234
20. 16 Coalitional game theory 251
21. 17 Stock, flow, and economic considerations 273
22. 18 Bitcoin as it matures 291
23. Bibliography 321
24. Index 325