MiningVis: Visual Analytics of the Bitcoin Mining Economy

Abstract

Fig. 1. A screenshot of the MiningVis tool. (V1) The time filter view allows analysts to select a time interval of interest. (V2) The mining distribution view shows the evolution of the mining pools as a ribbon chart. (V3) The mining pool details view shows mining power and pool characteristics for each mining pool in a compound chart. (V4) The Bitcoin statistics view shows Bitcoin network statistics as a list of area charts (see Fig. 4). (V5) The Bitcoin news view displays a swarm plot of the news distribution over time. (V6) The cross pooling view represents the total reward of cross pooling miners in mining pools at the time interval on a chord diagram.

BitAnalysis: A Visualization System for Bitcoin Wallet Investigation

“…Suppose that the user is interested in studying the variation of the bitcoins received by a particular wallet over a period of time. (1) Comparison with the bar chart : It is inconvenient to use the bar chart (Fig. 2a) to examine the variation of the received bitcoins, which are presented by the red bars, because they are separated from each other by other kind of bars (green and purple).…”

“…However, these methods cannot demonstrate the complex relationship among trading wallets with intuitive visualizations. As pointed out by a recent review on existing online bitcoin visualization tools [1], there is a stark lack of effective visualization and analysis tools that allow the user to easily and interactively investigate bitcoin transaction data for various potential users.…”

The Evolution of Mining Pools and Miners’ Behaviors in the Bitcoin Blockchain

“…To investigate further, Fig. 10 illustrates the cross pooling view in our MiningVis tool [32] for each year from 2018-2020. Considering the percentage of cross pooling and the amount of cross-pooling flow, we found a consistent cross-pooling behavior between three Chinese-based mining pools: BTC.TOP, WAYI.CN, and 1THash.…”