Democratizing the Cryptocurrency Ecosystem by Just-In-Time Transformation of Mining Programs

Democracy is crucial to a cryptocurrency ecosystem, as the diversity of miners (farms, personal computers, web clients, or even cloud functions) underlays the credibility of the cryptocurrency. Among miners, web clients used to be the vast majority, e.g., 50M+ as of March 2018. As time went on, however, cryptomining was gradually monopolized by mining farms with dedicated hardware (e.g., ASICs), and web clients scaled down to ∼0.1M. To suppress mining farms, certain cryptocurrencies (like Monero) adopted new mining algorithms such as RandomX whose execution relies on general-purpose hardware architectures. Unfortunately, this further impairs web-based cryptomining as web clients cannot provide the desired architecture support to these algorithms. This paper explores how to revive software democracy of efficient web-based crypto-mining, using a novel program transformation technique termed Vectra. Vectra employs just-in-time (JIT) transformations of mining programs for web architectures; it effectively identifies and merges isomorphic instructions upon execution. Vectra ensures correct transformations based on symbolic constraints of the instructions. Real-world deployments show that Vectra reduces WASM instructions by about 7× and achieves a 3× –16× speedup for web cryptomining in diverse execution environments like PCs, mobile phones, and serverless platforms, which translates to a high (69%–274%) return-on-investment (ROI) for common users.