Marty's Ƀent - November 26th, 2021 - Issue #1119

Friday, November 26th 2021 - Issue #1119

An interesting mining pool attack vector gets exposed

Here's something that has been a bit below the radar over the last few days; it seems as if Chinese mining pools have been experiencing disruptions as DNS service providers have begun cutting them off from their services. These disruptions caused a material amount of hashrate to fall off the network as large pools like Antpool and Binance Pool were rendered impotent. As of right now, it is looking like we will have a downward difficulty adjustment in 211 blocks as a result of the disruptions.
Apparently, the move from Chinese DNS service providers is in reaction to the ongoing demands from the CCP to rid their communist country of the free and open Bitcoin network. In the process, highlighting an interesting attack vector that I, frankly, have not put much thought into. In light of these events, I'm very interested to learn how systemic of a problem this could potentially be for mining pools moving forward. Is the geographic and jurisdictional distribution of the world's DNS service providers sufficient enough to ensure this doesn't become a major threat to the network? Is it really a threat to the network at all? Is leveraging a DNS service provider simply convenient, and pools are leveraging that convenience? Are there ways to operate a pool without depending on DNS service providers? Hoping to have these questions answered in the coming weeks for you freaks.

While we're on threats to the mining industry, here's our periodic reminder that ESG is a Trojan Horse to neuter the mining industry and Bitcoin. Don't give zealots casting Malthusian fear spells about impending climate induced doom an inch. They will take that as an opportunity to try to cut your head off. These people don't really care about the environment. They care about control and they do not like that they cannot control Bitcoin. 
Final thought...

The leftover sandwich post workout tasted extra good this year.

Enjoy your weekend, freaks.
Share
Tweet
Forward
Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:
 
Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Copyright © 2020  TFTC.io, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!
 

Older messages

Marty's Ƀent - November 24th, 2021 - Issue #1118

Thursday, November 25, 2021

Wednesday, November 24th 2021 - Issue #1118 The IMF has no authority, don't pay them any mind Your Uncle Marty just found out today that the news of El Salvador's $1B Volcano bond wasn't

Marty's Ƀent - November 23rd, 2021 - Issue #1117

Tuesday, November 23, 2021

Tuesday, November 23rd 2021 - Issue #1117 Samsung may have picked the location of their US Foundry Since May of last year we've been following the development of the push to bring top of the line

Marty's Ƀent - November 22nd, 2021 - Issue #1116

Monday, November 22, 2021

Monday, November 22nd 2021 - Issue #1116 The emergence of bitcoin native bonds As I'm sure some of you freaks are aware of already, the country of El Salvador has announced they will be issuing a

The Sat Standard - Bitcoin Weekly - Nov 20 2021

Saturday, November 20, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Marty's Ƀent - November 19th, 2021 - Issue #1115

Saturday, November 20, 2021

Friday, November 19th 2021 - Issue #1115 The transition from HTLCs to PTLCs Like it or love it, this abbreviated week of rags from this dark corner of the Internet is hyper-focused on Taproot

You Might Also Like

Ethereum's Layer 2 – Post Dencun | Layer 2 Review

Thursday, March 28, 2024

Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Former FTX CEO Sam Bankman-Fried sentenced to 25 years in landmark fraud case

Thursday, March 28, 2024

SBF had requested leniency of around 5 years jail time, while the prosection requested 10 times that. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

NFT & Blockchain Gaming Weekly - 📉Broad NFT Market Downtrend Over The Past Week

Thursday, March 28, 2024

Broad NFT market downtrend over the past 7 days. Azuki launches 'AnimeChain' on Arbitrum. Munchables, another game on Blast, is exploited. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Reminder: Ethereum Foundation In Hot Water As Government Authorities Initiate Investigation

Wednesday, March 27, 2024

We bring you the top stories in crypto every week! Stories like... Monday March 25, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Ethereum Foundation In Hot Water As Government Authorities

Coinbase shares dip as court sides with SEC in ongoing legal battle

Wednesday, March 27, 2024

Coinbase said it is prepared for the SEC lawsuit after court allowed the case to move forward. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges

Wednesday, March 27, 2024

Transactions spike as fees drop in Ethereum L2s post Dencun. Fidelity adds staking to Ether ETF application. Arbitrum rolls out Atlas upgrade, with additional fee reductions and more. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges

Wednesday, March 27, 2024

Cronos Titan Upgrade is now live. DEX volume on all chains surges, with Solana and Avalanche emerging as top performers. BlackRock launches BUIDL tokenised asset fund on Ethereum. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

KuCoin assures users funds are safe after US levies criminal charges

Tuesday, March 26, 2024

The indictment accuses KuCoin and its founders of bypassing the Bank Secrecy Act and operating an unlicensed money-transmitting business. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

State of the Network’s Q1 2024 Mining Data Special

Tuesday, March 26, 2024

Our quarterly update on Bitcoin mining, zeroing in on recovering revenues, public miner strategies, and increased energy usage ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

OneKey: Web3 Dark Forest - How to Effectively Protect Your Physical Devices

Tuesday, March 26, 2024

Author: OneKey Editor: WuBlockchain Original link: https://twitter.com/OneKeyCN/status/1769925695604461753 Evil Maid Attack: Every Second Away from Your Device is a Crisis Imagine you've achieved