It has been claimed that Marathon mined a bad Bitcoin block.
Crypto Currency News
Date:- 27-09-2023
- Crypto.News The publicly traded crypto mining company Marathon Digital Holdings (MARA) allegedly mined an incorrect block on the Bitcoin network, as reported by developers, miners, and academics.
Invalid block height 809478, with anonymous Bitcoin developer "0xB10C" reporting on ooX that MaraPool, Marathon's mining pool, has a "transaction ordering issue."
According to Jameson Lopp, Casa's CTO, evidence from all nine of the company's nodes indicates that the block in question contained a transaction that improperly spent an output before it was formed, rendering the entire block null and void.
The faulty block was quickly rejected by other Bitcoin node operators.
BitMEX Research claims that the problem occurred because a spending output transaction in the block was processed before it should have been, in violation of consensus rules.
Nodes adhering to the Bitcoin protocol will not add to a block that a miner has generated since it is invalid. Since faulty blocks result in wasted resources and reward loss, miners are incentivized to generate legitimate blocks in accordance with consensus rules.
With over 37,000 active miners and a hash rate of 3.2 EH/s, Marathon Digital runs a sizable mining operation. This instance, however, shows that even the largest mining pools are vulnerable to consensus rule violations that squander mining resources.
This seems like a modest setback that Bitcoin's decentralized proof-of-work consensus mechanism can easily recover from.
The peer-to-peer network will reject the work of even the largest miners if the blocks they create do not adhere to the rules established by the network.
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