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Selecting miners within blockchain-based systems using evolutionary algorithms for energy optimisation

Published: 08 July 2021 Publication History

Abstract

In this paper, we represent the problem of selecting miners within a blockchain-based system as a subset selection problem. We formulate the problem of minimising blockchain energy consumption as an optimisation problem with two conflicting objectives: energy consumption and trust. The proposed model is compared across different algorithms to demonstrate its performance.

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Cited By

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  • (2023)A Survey on Blockchain and Cryptocurrency-Based SystemsHandbook of Research on Blockchain Technology and the Digitalization of the Supply Chain10.4018/978-1-6684-7455-6.ch018(364-397)Online publication date: 21-Apr-2023
  • (2023)Novel secured distributed energy management structure for solar based smart grids incorporating minersSolar Energy10.1016/j.solener.2023.01.012251(134-145)Online publication date: Feb-2023
  • (2022)Optimizing the Energy Consumption of Blockchain-Based Systems Using Evolutionary Algorithms: A New Problem FormulationIEEE Transactions on Sustainable Computing10.1109/TSUSC.2022.31604917:4(910-922)Online publication date: 1-Oct-2022
  • Show More Cited By

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  1. Selecting miners within blockchain-based systems using evolutionary algorithms for energy optimisation

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    cover image ACM Conferences
    GECCO '21: Proceedings of the Genetic and Evolutionary Computation Conference Companion
    July 2021
    2047 pages
    ISBN:9781450383516
    DOI:10.1145/3449726
    Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

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    New York, NY, United States

    Publication History

    Published: 08 July 2021

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    Author Tags

    1. blockchain
    2. evolutionary algorithms
    3. mining
    4. optimisation

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    Overall Acceptance Rate 1,669 of 4,410 submissions, 38%

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    View all
    • (2023)A Survey on Blockchain and Cryptocurrency-Based SystemsHandbook of Research on Blockchain Technology and the Digitalization of the Supply Chain10.4018/978-1-6684-7455-6.ch018(364-397)Online publication date: 21-Apr-2023
    • (2023)Novel secured distributed energy management structure for solar based smart grids incorporating minersSolar Energy10.1016/j.solener.2023.01.012251(134-145)Online publication date: Feb-2023
    • (2022)Optimizing the Energy Consumption of Blockchain-Based Systems Using Evolutionary Algorithms: A New Problem FormulationIEEE Transactions on Sustainable Computing10.1109/TSUSC.2022.31604917:4(910-922)Online publication date: 1-Oct-2022
    • (2021)MinerRepu: A Reputation Model for Miners in Blockchain Networks2021 IEEE International Conference on Web Services (ICWS)10.1109/ICWS53863.2021.00100(724-733)Online publication date: Sep-2021

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