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Bitcoin Snafu Causes Miners To Generate Invalid Blocks

An anonymous reader writes: A notice at bitcoin.org warns users of the cryptocurrency that many miners are currently generating invalid blocks. The cause seems to be out-of-date software, and software that assumed blocks were valid instead of checking them. They explain further "For several months, an increasing amount of mining hash rate has been signaling its intent to begin enforcing BIP66 strict DER signatures. As part of the BIP66 rules, once 950 of the last 1,000 blocks were version 3 (v3) blocks, all upgraded miners would reject version 2 (v2) blocks. Early morning UTC on 4 July 2015, the 950/1000 (95%) threshold was reached. Shortly thereafter, a small miner (part of the non-upgraded 5%) mined an invalid block--as was an expected occurrence. Unfortunately, it turned out that roughly half the network hash rate was mining without fully validating blocks (called SPV mining), and built new blocks on top of that invalid block. Note that the roughly 50% of the network that was SPV mining had explicitly indicated that they would enforce the BIP66 rules. By not doing so, several large miners have lost over $50,000 dollars worth of mining income so far."

7 of 179 comments (clear)

  1. Re:$50,000 dollars by slashmydots · · Score: 3, Funny

    I believe they're referring to Double Dollars, the currency on Trigun.

  2. Re:$50,000 dollars by Overzeetop · · Score: 4, Funny

    Now it's $48,200...

    Now it's $46,900...

    Now it's $45,700... ...

    --
    Is it just my observation, or are there way too many stupid people in the world?
  3. Re:This is a GODDAMN DISASTER! by Anonymous Coward · · Score: 3, Funny

    Tell me, are "Rouge Actors" apt to break out in Song at the slightest provocation?

  4. Re:This is a GODDAMN DISASTER! by Nkwe · · Score: 5, Funny

    Perhaps my bad spelling makes me a moron, perhaps it doesn't. It does give my post a more humorous version of what I had intended to say.

  5. Re:This is a GODDAMN DISASTER! by BlackPignouf · · Score: 4, Funny

    I always loose my mind when I see idiots writing rouge instead of rogue.
    It really effects me deeply.

  6. Re:This is a GODDAMN DISASTER! by Nuke+Bloodaxe · · Score: 3, Funny

    I always loose my mind when I see idiots writing rouge instead of rogue.
    It really effects me deeply.

    Agreed, I see red too...

    BTW, it's "affects" :)

  7. Re:How much electricity was used last month to min by porges · · Score: 3, Funny

    That's why they're called "plugins".