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   308

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.

Mining Ban in China Won't Affect Bitmain & Canaan

This is said by the companies themself; also, Bitmain and Canaan did not indicate whether they intend to move the business abroad
11 April 2019   201

The prospect of a ban on mining in China will not have an impact on the operating activities of mining giants Bitmain and Canaan in the short term. This was stated by representatives of the press services of companies, 8btc reports.

At the same time, Bitmain and Canaan did not indicate whether they intend to move the business abroad, if the mining ban is set at the legislative level.

Note that China currently holds a dominant position in mining Bitcoin and Ethereum.

According to local cryptoexperts, mining equipment manufacturers will exist as long as Bitcoin has value.

Earlier in April, the National Development and Reform Commission of China issued a bill that called mining an “undesirable industry” and proposed banning it.

So far, the initiative has no legal force. Public discussion of the bill will last until May 7.