Fun

News Feed - 2023-09-28 08:09:36

Brayden Lindrea7 minutes agoBitcoin miner Marathon mines invalid block in failed ‘experiment’Marathon said the bug emanated from its experimental mining pool used to research ways to optimize operations.31 Total viewsListen to article 0:00NewsJoin us on social networksBitcoin mining firm Marathon Digital has confirmed it mined an invalid  Bitcoin (BTC) block during an “experiment” aimed at optimizing the firm’s operations.


In a Sept. 27 post, Marathon said it utilizes a small percentage of the firm’s hashrate toward these experiments and stressed they weren’t trying to alter the network in any way:


“In no way was this experiment an attempt to alter Bitcoin Core in any way.” Marathon said, emphasizing that they corrected the error as soon as they noticed the invalid block.We can confirm that Marathon did mine an invalid block. We utilize a small portion of our hash rate to experiment with our development pool and research potential methods to optimize our operations. The error was the result of an unanticipated bug that came from one of our…— Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) September 27, 2023


Marathon said the bug, which emanated from the firm’s internal development environment, wasn’t related to Marathon’s Bitcoin production pool or Bitcoin Core — the leading software used to connect to the Bitcoin network and run a node.


The incident occurred on Sept. 26 at 9:42 pm UTC on block 809478, according to mempool.space.


Several Bitcoin developers, along with BitMEX Research attributed the invalid block to a “transaction ordering issue.” Bitcoin developer “mononaut” believesMarathon mistake came from resorting the transactions in order of ascending absolute fees.This is what MARA's invalid block at 809478 looks like:

- pink transactions no longer exist in the main chain

- blue transactions are invalid due to ordering (they spend an output from a transaction included later in the block) https://t.co/SJI1azOB5Z pic.twitter.com/5gY9TRA2eG— mononaut (@mononautical) September 27, 2023


Bitcoin analyst Dylan LeClair suggested that Marathon should have conducted this experiment on a testnet before attempting it on Bitcoin’s mainnet.


In reflection, Marathon said Bitcoin “functioned exactly as designed” by excluding the invalid block:“This incident, while unintended, underscores the robust security of the Bitcoin network, which rejected and rectified the anomaly.”


Related:Marathon Digital Q2 results miss revenue and earnings forecasts


Cointelegraph reached out to Marathon for comment but did not receive an immediate response.


Marathon’s (MARA) share price fell 2.91% to $8.01 during opening hours on Sept. 27, according to Google Finance.


Magazine:‘Elegant and ass-backward’: Jameson Lopp’s first impression of Bitcoin# Bitcoin# Bitcoin Core# Business# Bitcoin Mining# Nodes# Hash RateAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposesStablecoin exodus: Why are investors fleeing crypto’s safe haven?‘Massive’ crypto use cases to surface by 2030 — Coinbase exec

News Feed

Shopify x CoinBase φέρνουν το USDC στο καλάθι αγορών
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Blockchain ID project Humanity Protocol hits unicorn status with $30M raise
Brayden Lindrea4 hours agoBlockchain ID project Humanity Protocol hits unicorn status with $30M raiseOver half a million people are already on the waitlist for Humanity Protocol’s public testnet launch, expected to tak
South Korea fines Worldcoin for violating personal protection laws
Ezra Reguerra12 hours agoSouth Korea fines Worldcoin for violating personal protection lawsDespite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.918 T
Argentinian Regulator to Propose Anti-Money Laundering Measures for Crypto Firms
Argentinian Regulator to Propose Anti-Money Laundering Measures for Crypto Firms The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms
Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts
Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) a
Alek Hidell10 hours agoGoogle paves way for AI-produced content with new policyA subtle change to the description of Google Search’s helpful content system could very well be the beginning of a new era of content distr
$40 XRP? Analyst Reveals Key Insights Suggesting Major Uptrend Ahead
Este artículo también está disponible en español. A crypto market analyst recently released a study that predicts a big rise in the price of XRP. This study fits with the
Iggy Azalea’s MOTHER memecoin surges 30% on mobile company announcement
Zoltan Vardai12 hours agoIggy Azalea’s MOTHER memecoin surges 30% on mobile company announcementThe memecoin will allow holders to purchase smartphones and mobile phone subscriptions in the newly relaunched company.191
Derek Andersen10 hours agoItalian central bank backs DeFi tokenization project with Polygon, FireblocksThe Italian central bank’s Milano Hub has selected a project headed by Cetif Advisory and Polygon Labs in its secon
Biggest Movers: UNI Hits 1-Week High, XRP 10% Higher
Biggest Movers: UNI Hits 1-Week High, XRP 10% Higher Uniswap rose to a one-week high in today’s session, as crypto markets seemed to have settled following recent turbulence
Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip
Este artículo también está disponible en español. XRP has shown resilience amid the market’s volatility and uncertainty, standing strong as it rebounds from recent lows
30% of Today’s Staked Ethereum Is Tied to Lido’s Liquid Staking, 8 ETH 2.0 Pools Command $8.1 Billion in Value
30% of Today"s Staked Ethereum Is Tied to Lido"s Liquid Staking, 8 ETH 2.0 Pools Command $8.1 Billion in Value In roughly three days Ethereum is expected to transition from a proof