Category: Mining
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Bitcoin miner concentration just exposed a gap in Bitcoin’s “six confirmations” rule
[ad_1] The Bitcoin network experienced a rare two-block reorg on Mar. 23, at block height 941,880. Foundry mined six consecutive blocks, AntPool and ViaBTC briefly extended a competing branch. The chain resolved the fork as designed, following the path with the most hash rate. Bitcoin performed exactly as designed and validated its assumptions. A fork…
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Power struggle hits Bitcoin network over anti-spam proposal with claims of ‘faked’ node support
[ad_1] A new chart from Jameson Lopp has reopened one of Bitcoin’s oldest internal debates: whether visible node counts reflect real support for a rule change. The immediate flashpoint is BIP-110, a draft proposal that would temporarily impose much tighter consensus-level limits on non-monetary data, following Bitcoin Core 30’s loosening of the default OP_RETURN policy.…
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Bitcoin Mining Difficulty Drops 7.7% in Biggest Cut Since February
[ad_1] Bitcoin’s mining difficulty fell by around 7.7% at the latest adjustment on March 20 to 133.79 trillion at block 941,472, the sharpest drop since February, according to CoinWarz data. The latest move takes difficulty down from around 145 trillion in mid-March and roughly 148 trillion at the start of the year. A lower difficulty…
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