Bitcoin Mining Pool Raises Security Concerns by Mining Seven Blocks in a Row
Bitcoin Mining Pool Raises Security Concerns
Sequence of Seven Blocks Mined in a Row
Antpool, the second-largest Bitcoin mining pool, successfully mined seven blocks in a sequence, raising security concerns in the cryptocurrency community. The event took place between block heights 843,898 and 843,904, lasting one hour and 38 minutes.
The mining sequence confirmed 20,686 transactions, equivalent to over 23 BTC or around $1.54 million in revenue. Notably, the sequence was followed by Foundry USA mining the previous and two subsequent blocks, drawing attention to decentralization concerns.
- Bitcoin mining pool centralization and security concerns
- Antpool and Foundry USA domination in Bitcoin mining
- Impact of mining pool sequences on Bitcoin security
Bitcoin developer suggests a two-hour wait for transaction security
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