Sparkpool to Return Half of $300k to a Sender

Sender contacted the pool, confirmed he's the one, and parties was able to find a solution
12 March 2019   573

The Sparkpool mining pool reported that it was able to verify the sender of the Ethereum transaction with an unusually high commission and returned half of the erroneously sent funds to it. This is reported by Coindesk.

According to the representatives of the pool, on February 25 they received an email from an anonymous user saying that on February 19 he sent the transaction, mistakenly paying 2,100 ETH (at that time about $ 300,000) as a commission. This is 600 times higher than the standard net remuneration of 3 ETH at that time.

In order to make sure that the user actually completed this transaction, Sparkpool asked him to send to the pool-specified address 0.022517 ETH from the same address from which the erroneous transaction was made.

As the data of Etherscan show, at 09:15 UTC of the same day, the user actually sent the indicated amount to the pool, after which the parties began to discuss further steps for the refund. In the end, they agreed that Sparkpool leaves half of the received commission to the miners cooperating with the pool, and returns the other half to the sender.

Today Sparkpool returned 1,050 ETH to an unlucky user who.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   110

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.