• About Us
  • Privacy Policy
  • Contact Us
Newsletter
Token Tatler
Advertisement
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Ethereum
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Ethereum
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Token Tatler
No Result
View All Result
Home Bitcoin

Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall

tokentatler by tokentatler
June 16, 2020
in Bitcoin
0
Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Daily Miner Revenue Rises To $60 Million As Fees Go Up

Bitcoin Daily Miner Revenue Rises To $60 Million As Fees Go Up

November 11, 2021
Rarible Marketplace Users Can Now Create, List, and Trade Flow-Based NFT Collectibles – Blockchain Bitcoin News

Rarible Marketplace Users Can Now Create, List, and Trade Flow-Based NFT Collectibles – Blockchain Bitcoin News

November 11, 2021


Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall

Ethermine will now proceed to distribute its $2.6 million bonanza from a sequence of weird ethereum transactions final week after the fund’s proprietor did not make a sound declare.

On June 11, the miner, a unit of Bitfly, obtained the document charge in a transaction involving simply 350 ether (ETH), or $86,000. It was the second such charge paid by the identical particular person to switch a small quantity of ETH in as many days.

After freezing cost for some days, Ethermine has exhausted its persistence. The mining pool will now share the $2.6 million among the many completely different miners beneath its wing as a reward for processing the transaction.

“Because the sender of the transaction … has not contacted us after 4 days [we] have made the ultimate resolution to distribute the tx charge to the miners of our pool,” Bitfly tweeted on June 15. “Given the quantity concerned we consider 4 days is ample time for the sender to get in contact with us,” it added.

A number of pretenders have come ahead to assert possession of the transaction, however none match the invoice. All of them failed “to supply a sound signature of the sending account,” mentioned the corporate.

Based on Bitfly, the cash shall be distributed as per a miner’s hashrate “snapshot we took on the time block 10241999 was mined by our Ethermine pool.” Miners can anticipate to obtain as much as 5 days of charges from simply this one $2.6 million transaction.

On Twitter, some folks protested that 4 days was too brief a interval to attend, encouraging an extended timeframe, maybe a month, to present the proprietor ample time to make a declare. However the ethereum miner dug its heels in, declaring by no means to repeat such favors in future. Bitfly thundered:

We’re a mining pool and never an arbiter of the ETH community. In an effort to keep away from such discussions sooner or later, we shall be instantly distributing any block reward unbiased of its measurement.

Sparkpool obtained the primary $2.6 million on a $134 switch. The mining pool acknowledged on the time of the transaction that it was investigating the matter, promising “an answer ultimately.” It isn’t but clear if a “answer” has been discovered, or that, like Ethermine, Sparkpool will even pocket the charges.

The Chinese language miner has, nonetheless, beforehand repaid a consumer half of the two,100 ETH by chance paid as charges in a 0.1 ether switch.

Data emerged late final week that the 2 record-fee transactions could have been the work of hackers blackmailing an change.

What do you concentrate on Ethermine’s resolution to pocket the excessive ETH charges? Tell us within the feedback part beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss brought about or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Learn disclaimer





Source link

Share76Tweet47

Related Posts

Bitcoin Daily Miner Revenue Rises To $60 Million As Fees Go Up

Bitcoin Daily Miner Revenue Rises To $60 Million As Fees Go Up

by tokentatler
November 11, 2021
0

Information reveals Bitcoin each day miner income rose to $60 million previously week as transaction charges noticed a rise....

Rarible Marketplace Users Can Now Create, List, and Trade Flow-Based NFT Collectibles – Blockchain Bitcoin News

Rarible Marketplace Users Can Now Create, List, and Trade Flow-Based NFT Collectibles – Blockchain Bitcoin News

by tokentatler
November 11, 2021
0

On November 10, the non-fungible token (NFT) market Rarible.com and the Rarible protocol introduced an integration with the Stream...

Miami Mayor Says City Will Give Every Citizen Bitcoin Dividends

Miami Mayor Says City Will Give Every Citizen Bitcoin Dividends

by tokentatler
November 11, 2021
0

Miami Mayor Francis Suarez is a giant supporter of Bitcoin, not too long ago telling FOX Enterprise that he...

China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days – Economics Bitcoin News

China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days – Economics Bitcoin News

by tokentatler
November 11, 2021
0

In mid-September China’s Evergrande Group, the nation’s second-largest property developer by gross sales, sparked concern within the international financial...

Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims – Regulation Bitcoin News

Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims – Regulation Bitcoin News

by tokentatler
November 11, 2021
0

Indonesia’s high Islamic physique, the nation’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims below...

Load More
  • Trending
  • Comments
  • Latest
Can Blockchain Transactions be Hacked?

Can Blockchain Transactions be Hacked?

February 18, 2020
Ethereum Price Shoots 20% to $270 in Its Best Trading Day for the Year

Ethereum Price Shoots 20% to $270 in Its Best Trading Day for the Year

February 16, 2020
Grayscale Becomes Official Digital Currency Asset Management Partner of New York Giants

Grayscale Becomes Official Digital Currency Asset Management Partner of New York Giants

May 6, 2021
Apple Reveals Earnings for Fiscal Q2, Results Beat Expectations, AAPL Stock Down 3% Now

Apple Reveals Earnings for Fiscal Q2, Results Beat Expectations, AAPL Stock Down 3% Now

May 1, 2020
Pirate Chain Coin Now Available for Trading on Bitcoin.com Exchange, Joins New Alliance

Pirate Chain Coin Now Available for Trading on Bitcoin.com Exchange, Joins New Alliance

0
Bitcoin (BTC) Soars to 4-Month High, Crosses $10K Mark

Bitcoin (BTC) Soars to 4-Month High, Crosses $10K Mark

0
Bitcoin Rally Stalls, Bullish Recovery Depends On These Levels

Bitcoin Rally Stalls, Bullish Recovery Depends On These Levels

0
Ethereum (ETH) Almost Doubled This Year

Ethereum (ETH) Almost Doubled This Year

0

YouClout Lists on AscendEX

November 11, 2021
Bitcoin Daily Miner Revenue Rises To $60 Million As Fees Go Up

Bitcoin Daily Miner Revenue Rises To $60 Million As Fees Go Up

November 11, 2021
Rarible Marketplace Users Can Now Create, List, and Trade Flow-Based NFT Collectibles – Blockchain Bitcoin News

Rarible Marketplace Users Can Now Create, List, and Trade Flow-Based NFT Collectibles – Blockchain Bitcoin News

November 11, 2021
‘Curve Wars’ Heat Up: Emergency DAO Invoked After ‘Clear Governance Attack’

‘Curve Wars’ Heat Up: Emergency DAO Invoked After ‘Clear Governance Attack’

November 11, 2021
Token Tatler

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Regulation

Archives

  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2020 tokentatler.com

No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Ethereum
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 tokentatler.com