The post Bitcoin Miners Opt for Empty Blocks: Economic Strategy at Height 871732 appeared on BitcoinEthereumNews.com.

On November 24th, COINOTAG reported a significant occurrence in Bitcoin blockchain activity, with miners generating an empty block at height 871732. This block consisted solely of the block reward Coinbase transaction and was mined with a mere 6-second interval from its predecessor. This phenomenon highlights a strategic decision-making process by miners, who often prioritize economic efficiency over transaction inclusion. By choosing to mine empty blocks, miners aim to maximize their operational capabilities and minimize potential conflicts that can arise from transactions waiting to be confirmed. This situation underscores the dynamic nature of the Bitcoin network, where miners keystone their activities around both profitability and time management in the mining process. Source: https://en.coinotag.com/breakingnews/bitcoin-miners-opt-for-empty-blocks-economic-strategy-at-height-871732/

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Filed under: News - @ November 24, 2024 10:26 am