Jiasun Li

Diversification Across Mining Pools: Optimal Mining Strategies under PoW

2019 · arXiv (Cornell University)

Mining is a central operation of all proof-of-work (PoW) based cryptocurrencies. The vast majority of miners today participate in "mining pools" instead of "solo mining" in order to lower risk and achieve a more steady …

Direct Evidence of Bitcoin Wash Trading

2024 · Management Science

We use the internal trading records of a major Bitcoin exchange leaked by hackers to detect and characterize wash trading—a type of market manipulation in which a single trader clears the trader’s own limit orders …