TY - GEN
T1 - Visual Analytics of Bitcoin Mining Pool Evolution
T2 - 11th IFIP International Conference on New Technologies, Mobility and Security, NTMS 2021
AU - Tovanich, Natkamon
AU - Soulie, Nicolas
AU - Isenberg, Petra
N1 - Publisher Copyright:
© 2021 IEEE.
PY - 2021/4/19
Y1 - 2021/4/19
N2 - We present our work on visual analytics tools to support the analysis of Bitcoin mining pool evolution. Mining blocks are a critical component of the Bitcoin ecosystem, helping to keep the system secure, valid, and stable. At the same time, mining is a resource-intensive activity that continues to get more and more difficult. Mining pools have emerged to address this issue and to ensure a more stable and predictable income by sharing computing power. Yet, increased centralization of the mining power is also not without dangers (e. g., the 51% attack), and, thus, it is important to better understand and analyze mining pool activities in Bitcoin. Here, we report three contributions: our extensive data collection on Bitcoin mining pools, our development of two custom visualizations, and our first exploratory data analysis leading to hypotheses and documented activities about pools' main features such as market share, reward rules, or location.
AB - We present our work on visual analytics tools to support the analysis of Bitcoin mining pool evolution. Mining blocks are a critical component of the Bitcoin ecosystem, helping to keep the system secure, valid, and stable. At the same time, mining is a resource-intensive activity that continues to get more and more difficult. Mining pools have emerged to address this issue and to ensure a more stable and predictable income by sharing computing power. Yet, increased centralization of the mining power is also not without dangers (e. g., the 51% attack), and, thus, it is important to better understand and analyze mining pool activities in Bitcoin. Here, we report three contributions: our extensive data collection on Bitcoin mining pools, our development of two custom visualizations, and our first exploratory data analysis leading to hypotheses and documented activities about pools' main features such as market share, reward rules, or location.
KW - Bitcoin
KW - Mining pools
KW - Visual analytics
U2 - 10.1109/NTMS49979.2021.9432675
DO - 10.1109/NTMS49979.2021.9432675
M3 - Conference contribution
AN - SCOPUS:85107340852
T3 - 2021 11th IFIP International Conference on New Technologies, Mobility and Security, NTMS 2021
BT - 2021 11th IFIP International Conference on New Technologies, Mobility and Security, NTMS 2021
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 19 April 2021 through 21 April 2021
ER -