(BlockBar) Bitmain mining pool-Antpool lost at least $150,000 working on a bitcoin block, according to BitMEX Research, the analysis department of the cryptocurrency exchange.
On June 10, at 14:35 UTC, the bitcoin network rejected a block that had been mined, effectively eliminating the 12.5 bitcoin ($146,200) reward that had been planned for miners. It’s claimed that an invalid block have appeared on the bitcoin network.
According to BitMEX’s research, the bitcoin network rejected the extracted Antpool unit because it contained a wrong transaction. “Why did this happen? Most likely, this is a software error in the mining software. That is worth of $150,000 mistake.”
Bitcoin rewards cryptocurrency producers for effectively incorporating blocks into the bitcoin blockchain. To illustrate this, they should first add the “coinbase transaction” to the block (not to be confused with cryptocurrency substitution for coinbase). When the bitcoin community accepts blocks, their miners collect coinbase transactions. Here are some guidelines: it should equal the amount set by the bitcoin protocol, currently 12.5 bitcoins ($146,200), which is scheduled to be halved in just over 300 days.
All the nodes of bitcoin then ensure that miners can create blocks accurately by mechanically rejecting people who do not comply with the protocol. Instead of 12.5 BTC, the requested bonus was 13.26 BTC ($154, 700). This seems to equal the proper coinbase transaction (12.5 BTC) plus the sum of the related transaction charges.
“The coinbase worth was too excessive, presumably as a result of this included the transaction charges, however as a consequence of some error the transactions themselves weren’t included,” tweeted BitMEX Analysis.
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