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Bitmain lost $150,000 because it mined an invalid Bitcoin block

From thenextweb.com

Bitmain-owned mining pool Antpool appears to have squandered at least $150,000 worth of Bitcoin $BTC▼5.31% mining rewards, reports BitMEX Research, the analytic arm of cryptocurrency exchange BitMEX. At 14:35 UTC, June 10, the Bitcoin network rejected a block after it had been mined, which effectively cancelled the 12.5 BTC ($146,200) reward intended for its miner. Any resources spent mining the block were also essentially wasted. Did a bug in Bitcoin mining software really cause this? Bitcoin awards BTC to cryptocurrency miners for successfully adding blocks to its blockchain. To claim this reward, they must first ... (full story)

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  • Category: Fundamental Analysis