Marathon Digital Produces Invalid Block Due to Bug

PLUS revolutionizing energy to support economic growth and hashrate marketplace with smart contracts

Here's what happened in the world of mining this week:

  • Marathon produces an invalid block due to a bug ๐Ÿ›‘ 

  • Revolutionizing energy supply to support economic growth ๐Ÿ“ˆ 

  • Arbitrum launches hashrate marketplace ๐Ÿ‘€ 

Marathon Digital Produces Invalid Block Due to Bug: Network Resilience Demonstrated ๐Ÿ”ด 

  • Marathon Digital mined an invalid Bitcoin block at height 809478. The invalid block was attributed to a "transaction ordering issue" caused by a bug during an experiment.

  • Marathon confirmed the incident on social media, stating that it was an unintended error resulting from experimentation.

  • An anonymous Bitcoin developer and CasaHODL co-founder Jameson Lopp identified a "transaction ordering issue" with MaraPool.

  • Other node operators rejected the invalid block due to incorrect transaction ordering.

  • Questions were raised about the network's security, but Marathon emphasized that it was an unintended experiment.

  • Marathon highlighted the resilience of the Bitcoin network, which rejected and rectified the invalid block.

Revolutionizing Energy Supply and Economic Growth with Bitcoin Mining by Mike Hobart โšก๏ธ 

  • The article argues that energy is a crucial factor in economic growth, but it is often overlooked in mainstream economic models. It suggests that to ensure a consistent energy supply and stabilize energy demand, bitcoin mining can be used as a solution.

  • Bitcoin mining can help balance energy supply and demand by incentivizing energy producers to redirect excess power to the grid during peak demand.

  • This approach encourages expanding energy generation and distribution infrastructure, creating a competitive demand for energy resources.

  • Bitcoin mining is flexible and responsive, filling gaps in energy demand when needed and incentivizing energy producers to build more capacity.

  • Bitcoin's difficulty adjustment mechanism prevents overproduction, ensuring a steady stream of income for miners and stabilizing the market.

  • The article concludes that energy generators can benefit from deploying bitcoin mining datacenters to capitalize on the continuous demand for mining while improving efficiency and revenue.

Arbitrum Builds Trading Platform for Hashrate ๐Ÿ‘€ 

  • Arbitrum network introduces a trading platform called Lumerin, where they claim users are able to trade Bitcoin mining power. Users buy and sell hashing power to interested parties using smart contracts on the platform.