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Mar 26, 2024·arXiv (Cornell University)
1 cites
Empirical Analysis of EIP-3675: Miner Dynamics, Transaction Fees, and Transaction Time

Umesh Bhatt, Sarvesh Pandey

The Ethereum Improvement Proposal 3675 (EIP-3675) marks a significant shift, transitioning from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism. This transition resulted in a staggering 99.95% decrease in energy consumption. However, the transition prompts two critical questions: (1). How does EIP-3675 affect miners' dynamics? and (2). How do users determine priority fees, considering that paying too little may cause delays or non-inclusion, yet paying too much wastes money with little to no benefits? To address the first question, we present a comprehensive empirical study examining EIP-3675's effect on miner dynamics (i.e., miner participation, distribution, and the degree of randomness in miner selection). Our findings reveal that the transition has encouraged broader participation of miners in block append operation, resulting in a larger pool of unique miners ($\approx50\times$ PoW), and the change in miner distribution with the increased number of unique small category miners ($\approx60\times$ PoW). However, there is an unintended consequence: a reduction in the miner selection randomness, which signifies the negative impact of the transition to PoS-Ethereum on network decentralization. Regarding the second question, we employed regression-based machine learning models; the Gradient Boosting Regressor performed best in predicting priority fees, while the K-Neighbours Regressor was worst.

Open access
2 source records
Mineral Processing and Grinding
Drilling and Well Engineering
Hydrocarbon exploration and reservoir analysis
Original source
Jul 1, 2022·Journal of Scientific & Industrial Research
0 cites
Comminution Characters of Fault Zone Rocks and Secure Outcomes in the Blockchain Record-Keeping System for Industrial Applications

Authors unavailable

This paper is an attempt to find the energy required for the comminution of fault zone rocks and also to determine the energy required to grind ore from infinite size to the desired particle size in non-traditional approach, for various value additions. The results in the present investigations also confirm about the brittleness test and friability tests, whose values depend on the drop weight and its height for different types of fault zone rock. Also the results of its brittleness tests determine the grindability of fault zone rocks. All the outcome results are then secured with the help of decentralized and immutable record-keeping system using Blockchain technology. The Blockchain network in the present investigations not only allows any users to enhance the performance but also it will secure the experimental outcomes in immutable distributed ledgers through smart contracts to increase transparency between users in a trusted manner.

Open access
Blockchain Technology Applications and Security
Brain Tumor Detection and Classification
Mineral Processing and Grinding
Original source
Jan 1, 2014·John Spoor Broome Library Institutional Repository (California State University)
0 cites
System on chip implementation of a Bitcoin miner

Alexander C. Standridge

No abstract is available for this record.

Open access
Brain Tumor Detection and Classification
Industrial Automation and Control Systems
Mineral Processing and Grinding
Original source