#f2pool

BTC experiences a rapid $1,000 drop in 7 hours, attributed to F2Pool's transfer of 2,000 BTC to Binance, causing market turbulence. The focus is now on the SEC's impending decision on the Bitcoin ETF, potentially steering BTC towards stability and growth.

A notable figure in the blockchain community, Lookonchain, reports a 2.3% decrease in BTC's value within seven hours. F2Pool, a major mining group, deposits 2,000 BTC (approximately $87.72M) to Binance, triggering price fluctuations. This underscores how significant transactions by large entities can impact market sentiments.

The market complexity deepens with anticipation of the SEC's decision on the Bitcoin ETF, expected on January 10. ETF approval could open avenues for institutional investments, potentially stabilizing and boosting BTC's value.

Simultaneously, a crypto whale makes strategic moves, acquiring 1,750 BTC ($76.9 million) from Binance in the past two days. This follows a pattern of calculated acquisitions and sales, including a prior accumulation of 6,000 BTC and a profitable sale of 3,000 BTC to Binance.

These whale maneuvers exemplify the opportunistic nature of large-scale investors, capitalizing on market volatility and regulatory developments, like the potential introduction of Bitcoin ETFs.

With the SEC's impending vote on critical ETF filings, the crypto market is on edge. Approval of 19b-4 filings and S-1 registration applications from issuers like BlackRock and Fidelity could mark a new era for Bitcoin trading, attracting more institutional investors.

Drittgrößter Mining-Pool zensiert Transaktionen nach US-Sanktionslisten Wenn die Miner beginnen, Transaktionen abzublocken, wandert die Zensur direkt auf die Base-Layer von Bitcoin. Mit F2Pool wurde erstmals ein Mining-Pool genau dabei erwischt. Wie schlimm ist das – wenn überhaupt? Und woher weiß man eigentlich, was ein Pool nicht gemacht hat?

Wenn die Miner beginnen, Transaktionen abzublocken, wandert die Zensur direkt auf die Base-Layer von Bitcoin. Mit F2Pool wurde erstmals ein Mining-Pool genau dabei erwischt. Wie schlimm ist das – wenn überhaupt? Und woher weiß man eigentlich, was ein Pool nicht gemacht hat? Continue reading Untitled

In a resolution to one of the most talked-about blunders in recent history, F2Pool, a prominent Bitcoin mining pool, has opted to return the inadvertently overpaid network fee of 19.82108632 BTC to Paxos, the stablecoin issuer and crypto brokerage firm. The disclosure came a few ago from a tweet by Mempool, a Bitcoin explorer, stating, “F2Pool have sent the 19.82108632 BTC fee overpayment back to…

F2Pool mining pool made an invalid bitcoin block, BitMEX Investigate reveals

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BitMEX, a crypto derivatives exchange, pointed out that F2Pool, a bitcoin mining pool, developed an invalid block at peak 783426 on April 1, 2023. Having said that, they did not condition why and are even now investigating the subject.

F2pool looks to have created an invalid Bitcoin block today, at height 783426.

The hash for the invalid block is

00000000000000000002ec935e245f8ae70fc68cc828f05bf4cfa002668599e4

— BitMEX Exploration (@BitMEXResearch) April 1, 2023

F2pool generated an invalid bitcoin block

According to BitMEX sponsored node monitoring resource, ForkMonitor, the bitcoin peak 783426 created two blocks. The hash for the invalid block is 00000000000000000002ec935e245f8ae70fc68cc828f05bf4cfa002668599e4.

According to the node checking software ForkMonitor, the Bitcoin network block peak 783426 created two blocks. BitMex Investigate said that it is suspected that F2pool developed an invalid block, and the distinct cause is continue to underneath review. https://t.co/zbUsp4CSTZ

— Wu Blockchain (@WuBlockchain) April 1, 2023

A bitcoin block is thought of legitimate if it adheres to the protocol guidelines. BitMEX suspects that the invalid block resulted from undesirable signature functions. The trade stated it is however on the lookout into it as they consider to describe the anomaly.

BitMEX introduced ForkMonitor in 2018 to continue to keep keep track of of tricky and soft forks on the Bitcoin blockchain. ForkMonitor is linked to 13 nodes of Bitcoin and its tough forks, which include Bitcoin Funds. The tool is also used to detect unintentional consensus bugs.

Invalid bitcoin blocks

Functions that could invalidate a mined bitcoin block include double paying out, exactly where the exact same funds are used twice. The community will confirm just one transaction and reject the other as invalid.

Nodes are not likely to accept an invalid transaction as payment, and truthful nodes will never take a block made up of them. An attacker can only try out to alter one particular of his possess transactions to get back again revenue he recently spent.

— Bitcoin Whitepaper Bot 📄 (@BitcoinWPBot) April 1, 2023

One more cause could be when a miner tries to shell out bitcoin that they do not possess. The network will reject the transaction because the person lacks the needed money in their wallet. A transaction that did not go script validation and whose time-locked transaction does not meet the lock time is also regarded as invalid. Bitcoin blocks are unveiled about just about every 10 minutes as set out at the protocol stage. Some miners select to start out mining devoid of validating to get a head get started. Nonetheless, the risk stays larger sized than the benefits envisioned.

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BitMEX, a crypto derivatives exchange, pointed out that F2pool, a bitcoin mining pool, produced an invalid block at height 783426 on April 1, 2023

F2Pool, Poolin to start Ethereum PoW mining after ETHW mainnet launch

Together, ETHW mining pools already make up more mining capacity in terms of block share than Ethermine, which opted to shut down mining operations.