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Showing posts with the label marathon digital holdings

Marathon Digital accidentally releases block with extra bitcoin

Marathon Digital reportedly mined an invalid Bitcoin transaction at block height 809478. The publicly traded miner disordered a transaction — spending first, then receiving bitcoin — leading it to lose its 6.25 BTC (~$150,000) Coinbase reward for the erroneous block. Full nodes logged an error message indicating that the block included missing or already-spent bitcoin. In other words, Marathon Digital mined a block of transactions that included a transaction prohibited by Bitcoin’s consensus rules. Specifically, Marathon included this transaction within its block , which spent coins outputting from this transaction which was already mined in the block after the initial transaction. In other words, it was classic, prohibited reordering of coin outputs: spending coins first, then receiving them . Not allowed. Bitcoin doesn’t permit the creation of expenditures ex nihilo, even if they’re accounted for in the very next block. All bitcoin since genesis have bee...