BitMEX, a crypto derivatives trade, identified that F2Pool, a bitcoin mining pool, produced an invalid block at top 783426 on April 1, 2023. Nevertheless, they didn’t state why and are nonetheless investigating the matter.
F2pool produced an invalid bitcoin block
In response to BitMEX sponsored node monitoring device, ForkMonitor, the bitcoin top 783426 produced two blocks. The hash for the invalid block is 00000000000000000002ec935e245f8ae70fc68cc828f05bf4cfa002668599e4.
A bitcoin block is taken into account legitimate if it adheres to the protocol guidelines. BitMEX suspects that the invalid block resulted from unhealthy signature operations. The trade said it’s nonetheless trying into it as they attempt to clarify the anomaly.
BitMEX launched ForkMonitor in 2018 to maintain monitor of exhausting and comfortable forks on the Bitcoin blockchain. ForkMonitor is related to 13 nodes of Bitcoin and its exhausting forks, together with Bitcoin Money. The device can be used to detect unintentional consensus bugs.
Invalid bitcoin blocks
Occasions that would invalidate a mined bitcoin block embody double spending, the place the identical funds are spent twice. The community will verify one transaction and reject the opposite as invalid.
One more reason might be when a miner tries to spend bitcoin that they don’t personal. The community will reject the transaction for the reason that person lacks the required funds of their pockets.
A transaction that didn’t cross script validation and whose time-locked transaction doesn’t meet the lock time can be thought-about invalid. Bitcoin blocks are launched roughly each 10 minutes as set out on the protocol stage.
Some miners select to start out mining with out validating to get a head begin. Nonetheless, the danger stays bigger than the rewards anticipated.