Categories: CryptoNews

Is Antpool Still Delaying Full Bitcoin Network Blocks?

There seems to be some confusion regarding some of the largest Bitcoin mining pools in operation today. F2Pool, Antpool, and BTCC Pool are sometimes referred to as “one mining pool” However, this is not the case, even though they may operate on the same mindset. What is rather worrying, though, is how none of these pools are verifying block headers right now.

Clearing Up Some Mining Pool Misconceptions

After a video had surfaced on Youtube talking about the “soft underbelly of Bitcoin”, there was a lot of confusion on the Internet. Reddit users interpreted this video as a sign of how F2Pool, Antpool, and BTCC Pool were one and the same entity. This is not the case, though, but they do share a similar frame of mind when it comes to making decisions.

One of the things all of these pools seem to be doing right now is how they no longer validate block headers. This makes them “effectively” the same pool, but that doesn’t mean they are one and the same. Not that there is anything wrong with that per se, but it is something to take note of.

The Youtube video – which is linked below – was designed to point out some interesting things. Pool latency is a serious issue that needs to be addressed, as it costs pools money due to higher orphan rates. Considering how all of these three pools are quite big, orphan blocks should be avoided at all costs.

Related Post

One interesting point is how the video seems to indicate Antpool was deliberately delaying larger network blocks. Although a period of 20 minutes or longer is referred to, these statistics may need to be taken with a grain of salt. This is quite a difference from the average five-second delay when processing blocks.

Other Reddit comments seem to indicate Antpool has fixed this delay in the meantime, though. Blocks are now being relayed in a more reasonable amount of time. While this delay could be perceived as a network attack, that was never the intention of either mining pool.

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

1 day ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

1 day ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago