Bitcoin Mining Pool Raises Security Concerns by Mining Seven Blocks in a Row

Saturday, 18 May 2024, 11:37

Antpool, the second-largest Bitcoin mining pool, raised security concerns by successfully mining seven blocks in a row on May 17. The consecutive mining sequence confirmed over 20,000 transactions, generating revenue worth around $1.54 million. The event raised questions about centralization and security in Bitcoin mining pools, emphasizing the need for vigilance in the crypto ecosystem.
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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


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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