Tag: Blocks

Craig Wright Submits List of Bitcoin Addresses to the Court – Roster Contains Spent Blocks

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On May 21, 2020, the infamous Craig Wright, the man who claims to be Satoshi Nakamoto, submitted a list of blocks and bitcoin addresses to the court that stem from the alleged Tulip Trust. However, armchair sleuths and blockchain analysis shows that a few blocks recorded in Wright’s recently filed list have been spent. Craig Wright Files a New List of Bitcoin Blocks and Addresses That Allegedly Belong to the Tulip Trust(s) The ongoing Kleiman vs. Wright lawsuit is heating up once again, as Craig Wright submitted a list on…

Is 3 Confirmations Still Enough if F2Pool Can Mine 6 Consecutive BTC Blocks?

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Questions about Bitcoin’s security cropped up on May 18, when the F2Pool mining pool mined six consecutive blocks on the BTC blockchain, covering block numbers 630804 to 630809. With many exchanges and other Bitcoin-related services relying on just three confirmations before extracting funds, some asked whether this is still secure enough. Is mining hash power becoming centralized? As Cointelegraph reported, since last week’s Bitcoin halving event, hashrate on the network has dropped 30%. This is largely due to the reduced reward for miners, making mining unprofitable on older machines or…

YouTube Blocks Cointelegraph’s Bitcoin Halving Livestream

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YouTube blocked Cryptox’s live stream of the Bitcoin halving event. YouTube is known to do the same with other cryptocurrency-related content providers. YouTube yesterday canceled Cryptox’s Bitcoin halving live stream. This occurred as the cryptocurrency news outlet was already over six hours and forty-two minutes into the event. Sources say that YouTube blocked the stream and cut off over 2000 subscribers. YouTube had allegedly blocked the content because it was labeled as “harmful” content by the video provider. Cryptox had planned the whole day with relevant content. Personalities in the…

Bitcoin Miners Usually Create 6 Blocks per Hour. They Just Banged Out 16

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In an unusual deviation from the norm, bitcoin miners just produced 16 blocks in 63 minutes, according to the Blockstream bitcoin block explorer. Four of the new blocks were mined within 46 seconds at 19:02 UTC on Friday. Each new bitcoin block is produced every 10 minutes, on average. The exact time required to produce a new block can vary significantly and depends in part on the current mining difficulty level, which adjusts every 2,016 blocks, or approximately once every two weeks.  Bitcoin’s anomalous spree of new blocks was first…

BCH Post Halving: Two Hour Blocks, Hash Rate Hit

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Not even a day has passed since the Bitcoin Cash halving and already the hash rate has taken a hit and block generation slowed significantly. Many predicted that at least some miners would abandon BCH and move to more profitable coins like Bitcoin (BTC) after their rewards were halved from 12.5 to 6.25 BCH. But as hash rates rise and fall each day, the data for BCH is open to interpretation.  Fork.lol shows a 60% fall in the BCH hash rate from 4.36 EH/s yesterday to 1.6 EH/s at the…

T-Minus 1,000 Blocks Until Ethereum’s Istanbul Hard Fork

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As of press time, Ethereum has passed block #9068000, putting it within 1000 blocks of the scheduled Istanbul hard fork, which should take place at around 23:30 UTC. The much-anticipated shift to Istanbul will be the Ethereum network’s first hard fork since February’s Constantinople. Both are stages of a broader phase of ongoing development that began in 2017 called Metropolis.  What is changing? Cointelegraph has covered Ethereum’s ongoing developments extensively, as have the developers. Broadly speaking, Istanbul should be streamlining the network in accordance with Metropolis’s overall goals of scaling…

China’s Great Firewall Blocks Popular ETH Block Browser Etherscan

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China’s Great Firewall, a tool used to ban Chinese citizens from using sites like Google and Facebook, has listed a major explorer for Ethereum’s (ETH) blockchain. According to data from non-profit monitoring organization GreatFire, China allegedly blocked one of the most popular ETH block browsers, Etherscan, in October 2019. As of Dec. 3, Etherscan’s domain remained inaccessible from IP addresses inside mainland China, as reported by crypto publication Coindesk on Dec. 3. Etherscan is aware of the block, firm’s CEO says While the Etherscan’s blockage was largely unnoticed, the firm’s…

Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid Blocks

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Bitcoin Cash (BCH) miners appear to have wasted money mining 14 blocks on the wrong chain after the altcoin underwent a hard fork.  According to data from monitoring resource Fork Monitor on Nov. 15, Bitcoin Cash, which itself forked off from Bitcoin (BTC) in 2017, successfully split in two once again on Friday. BitMEX: Miners are “wasting resources” Despite being broadly cleaner than its previous hard fork attempts, it soon became apparent that a large section of miners had not upgraded to the new chain.  In total, miners spent resources…

Litecoin Foundation Pitches Opt-In MimbleWimble Via Extension Blocks

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The Litecoin Foundation has published two new draft Litecoin Improvement Proposals that work toward establishing privacy features for the network. On Oct. 22, the Foundation shared links to details of the draft proposals on GitHub: LIP-0002 EB and LIP-0003 MW.  Protecting Litecoin’s functional fungibility from government As the Foundation outlines, both proposals are targeted at mitigating the privacy risks associated with a transparent ledger, where transaction history can be publicly traced.  The proposal’s authors — Andrew Yang, David Burkett and Charlie Lee — argue that this transparency hinders Litecoin’s “functional…

Russia Blocks Leading Crypto News Site Cointelegraph

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Russia added yet another website to its blocking cart: the leading crypto news site, Cointelegraph. The news of the block goes to show that the Russian censorship program is not backing down and they will do all it takes to keep Russia’s citizens away from any site that – by their definition – could be potentially harmful. While Cointelegraph claims that the crypto news website has been in the Russian blocking cart for about 2 years now (2017 to be precise), it was not until yesterday, October 16th, that the…