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As an emerging decentralized secure data management platform, blockchain has gained much popularity recently. To maintain a canonical state of blockchain data record, proof-of-work based consensus protocols provide the nodes, referred to as miners, in the network with incentives for confirming new block of transactions through a process of “block mining” by solving a cryptographic puzzle. Under the circumstance of limited local computing resources, e.g., mobile devices, it is natural for rational miners, i.e., consensus nodes, to offload computational tasks for proof of work to the cloud/fog computing servers. Therefore, we focus on the trading between the cloud/fog computing service provider and miners, and propose an auction-based market model for efficient computing resource allocation. In particular, we consider a proof-of-work based blockchain network, which is constrained by the computing resource and …