id author title date pages extension mime words sentences flesch summary cache txt randomwalker-info-585 randomwalker-info-585 2016-10-21 26 .pdf application/pdf 20020 1894 78 miners are paid by block rewards or transaction fees does chain and leave transactions unclaimed in the hope of incentivizing PettyCompliant miners to build on their block. landscape will look like once the Bitcoin mining incentive becomes transaction fee based instead of block reward based, A strategy is a best response if it maximizes the miner's expected reward (taking into account future events, and in particular the probability that the current block is in the eventual longest chain) over all potential same, but in the transaction fees model this means the selfish miner gets greater reward. the probability that it winds up in a block mined by the selfish miner. Analytical and simulation result: in the transaction fee model, selfish miners can make the decision whether to hide their first block based on transaction winds up in the selfish miner's block. a block mined by the selfish miner. ./cache/randomwalker-info-585.pdf ./txt/randomwalker-info-585.txt