Bitcoin Mining Pools and Income Smoothing
2 Pages Posted: 8 Nov 2015 Last revised: 30 Apr 2019
Date Written: November 8, 2015
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: Suggested Citation