Major cryptocurrency mining pools are facing connection difficulties

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Major cryptocurrency mining pools are facing connection difficulties By Hannah perez

The drawbacks appear to be attributed to a system imposed by the Chinese government to block miners from that country. As a result, Bitcoin’s hash rate fell more than 15% this Friday.

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Some of the major digital currency mining pools are experiencing connectivity issues, the outlet reported. CoinDesk. According to the report, mining pools Binance Pool, F2pool, Poolin and ViaBTC have reported connection problems through its official channels of Telegram during the last 24 hours.

Binance Pool and Poolin they said on their channel Telegram Chinese that the difficulties were related to the “pollution”From your domain name system (DNS). F2pool it also indicated that the group’s domain name was not working properly.

For their part, the users of ViaBTC they also report in Telegram who have difficulty accessing the group. On its English channel of that social platform, the group acknowledged the problem, but did not specifically mention DNS connectivity drawbacks.

It should be noted that DNS is a decentralized hierarchical naming system for devices connected to IP (Internet Protocol) networks such as the Internet. Its main task is “translate”The domain names of web pages, such as“ diariobitcoin.com ”in IP addresses, which are strings of numbers. The objective is to locate and direct the computers connected to the network worldwide.

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A DNS failure means that DNS is not doing its job properly to redirect domain names. This can occur, for example, when a hacker redirects domain name traffic to a fake or copycat website.

Mining pools experience drawbacks

Connectivity issues have led to a drop in network hash rate share Bitcoin by each of these mining groups. The hashrate from Bitcoin from Binance Pool it’s down 14% in the last 24 hours. F2pool has fallen by almost 8% and ViaBTC has fallen 7%, according B dataTC.com.

In total, these pools represent about 35% of the total hashrate of the network Bitcoin, according to data from BTC.com of the last 7 days. It is worth remembering that the hash rate or hashrate is a unit of measurement of the processing power of a network blockchain proof of work (PoW).

Some of these mining groups, such as Binance Pool, they also extract Ethereum, among other cryptocurrencies. According to data from Etherscan, that pool represents about 2% of the hashrate of the network Ethereum, with 995 blocks mined in the last week.

Reports suggest that DNS connection problems could be related to the mining ban lifted by the Chinese government. As reported DailyBitcoin, Chinese authorities implemented severe measures on crypto mining activities, forcing many miners to shut down and migrate their operations out of the country.

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Alejandro De La Torre, founder of the consultant ProofofWork.Energy and former vice president of Poolin indicated to CoinDesk what do you think he Chinese government is interfering with mining groups. Connectivity issues seem to be primarily affecting Chinese miners”, He observed in conversation with that medium.

Meanwhile, another report this Friday seems to corroborate De La Torre’s hypothesis. According to a report by The Block, Chinese Internet Service Providers have taken more steps to detect and block the IP addresses of domestic miners from connecting to major mining pool services.

Chinese government is blocking miners

The Block cited a recent document prepared by China Telecom, China’s leading Internet service and telephone operator. According to that report, the telecommunications company has created an elaborate solution “to detect the IP addresses of national miners that have communicated with the URLs of the mining pools“.

The report provided more details on how the company’s detection system works, and everything indicates that this measure is what could be affecting the connectivity of mining groups.

Based on its continuous detection, [el sistema] you can cut off Internet service to specific IP addresses or manually blacklist the URLs that mining pools use to connect to individual computers.

The publication also indicated that the blockade is also affecting digital currency news channels, a censorship measure that has been observed before in the country.

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On the other hand, it suggests that a larger group of cryptocurrency mining pools may be struggling with the move. As verified The Block, the domains of almost all of the 10 largest mining pools by real-time hash rate for Bitcoin and Ethereum They are not accessible from IP with China location.

As a result, the outlet highlights that these mining pools have seen a drop in hash rate of around 10% for Bitcoin or Ethereum during the last 24 hours. It should be noted that, according to data from YCharts, the total hash rate of the network Bitcoin has experienced a 17% drop in the last 24 hours from 176.96 MH / s (millions of hashes per second) yesterday to 146.53 MH / s today.

Major cryptocurrency mining pools are facing connection difficulties
Bitcoin hash rate for the last 30 days – Source: YCharts.com

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Article by Hannah Estefanía Pérez / DailyBitcoin

Image from Unsplash

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