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

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.

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

An interesting mining pool attack vector gets exposed

Older messages

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

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

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

The Sat Standard - Bitcoin Weekly - Nov 20 2021

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

You Might Also Like

Ripple warns of deepfake scams amid XRP price surge

Understanding Staking Yields and Economics on Ethereum & Solana

WuBlockchain x Vitalik, Part 1: Ethereum's China Story, Russia-Ukraine War, and BCH's Big Block Concept

Enron is back to launch crypto token focused on solving the energy crisis

VC Monthly Report for Nov, Sets 13-Month Low in Funding Number and Amount

AI Agents Continues To Flourish As Numerous Tokens Soar

📈 Stablecoin market capitalisation hits an all-time high; Crypto.com to be the title sponsor for the upcoming Cry…

US influence over Bitcoin grows with Trump victory

Asia's weekly TOP10 crypto news (Nov 25 to Dec 1)

Analyst warns of ‘leverage driven pump’ as XRP price soars