#bitcointhirdsingleblockreorginfourweeks 🚨 BITCOIN JUST EXPERIENCED ANOTHER REORG. SHOULD TRADERS BE CONCERNED?
Bitcoin had its one block chain reorganization in about four weeks and the timing is getting traders attention.
At block 966,500 AntPool and SpiderPool created blocks at almost the same time. The network had competing versions for a time but AntPool’s chain had more accumulated proof-of-work and became the official chain. SpiderPool’s block became outdated.
📌 Previous cases:
• Aug 16. Block 962,722
• Aug 24. Block 963,853
• Sep 11. Block 966,500
The part: this does NOT currently show a Bitcoin security problem or a 51% attack. One block reorgs can happen because miners find blocks at the same time and block transmission takes time across the network.
Three events, in a short time are something to keep an eye on.
👀 Do you think this is mining variation or a sign traders should watch more carefully?
#bitcoin #BTC #Khan62 #cryptotrading
$BTC · $ETH
$SOL
Bitcoin had its one block chain reorganization in about four weeks and the timing is getting traders attention.
At block 966,500 AntPool and SpiderPool created blocks at almost the same time. The network had competing versions for a time but AntPool’s chain had more accumulated proof-of-work and became the official chain. SpiderPool’s block became outdated.
📌 Previous cases:
• Aug 16. Block 962,722
• Aug 24. Block 963,853
• Sep 11. Block 966,500
The part: this does NOT currently show a Bitcoin security problem or a 51% attack. One block reorgs can happen because miners find blocks at the same time and block transmission takes time across the network.
Three events, in a short time are something to keep an eye on.
👀 Do you think this is mining variation or a sign traders should watch more carefully?
#bitcoin #BTC #Khan62 #cryptotrading
$BTC · $ETH
$SOL
