Bitcoin Mining Pools and Income Smoothing

2 Pages Posted: 8 Nov 2015 Last revised: 30 Apr 2019

See all articles by James P. Howard, II

James P. Howard, II

Johns Hopkins Applied Physics Laboratory

Date Written: November 8, 2015

Abstract

This paper analyzes Bitcoin and associated mining pools. Participants may decide to join a mining pool as an income smoothing device. Such participants are risk averse whereas other Bitcoin participants are risk taking.

Keywords: incoming smoothing, earnings management, cryptocurrency, Bitcoin

JEL Classification: J54, G02

Suggested Citation

Howard, James, Bitcoin Mining Pools and Income Smoothing (November 8, 2015). Available at SSRN: https://ssrn.com/abstract=2687702 or http://dx.doi.org/10.2139/ssrn.2687702

James Howard (Contact Author)

Johns Hopkins Applied Physics Laboratory ( email )

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