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Author Topic: Unknown miner , earned 2 billion  (Read 171 times)
raybucks (OP)
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January 09, 2023, 02:22:59 PM
Last edit: January 09, 2023, 02:34:20 PM by raybucks
 #1

Hello,
today I was exploring blockchain explorer i came across this unknown miner, who earned or received over 2billion in reward
I am wondering who can be this miner ,
It's hard to mine a block without big farm ,
https://www.blockchain.com/explorer/blocks/btc?page=1



or i have a lack of knowledge that i am sharing this ,

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CoinEraser
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January 09, 2023, 02:52:04 PM
 #2

Unknown miner means that this pool or the people are not known. It could be multiple pools or individual miners who are simply unknown. But it will certainly not be a single person behind it. Everything that is unknown is listed with it.  Wink
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January 09, 2023, 03:05:05 PM
 #3

Hello,
today I was exploring blockchain explorer i came across this unknown miner, who earned or received over 2billion in reward
I am wondering who can be this miner ,
It's hard to mine a block without big farm ,
https://www.blockchain.com/explorer/blocks/btc?page=1



or i have a lack of knowledge that i am sharing this ,

That's the beauty of bitcoin to be honest! Doesn't matter how much money someone holds, there's no way to know it unless the owner decides to publicize it. The anonymity is one of the best features of bitcoin.

But I think it is a pool address and a really large pool with lots of industrial miners. It is almost impossible for a single human being controlling such a huge amount of bitcoins.

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January 09, 2023, 04:12:13 PM
 #4

blockchain.com is just about useless as a blockexplorer. Picking a random recent block 771134 on blockchain.com following the link you posted https://www.blockchain.com/explorer/blocks/btc?page=1 it shows as 'unknown' under miner. If you actually click on the block and go to https://www.blockchain.com/explorer/blocks/btc/771134 it shows as poolin they can't even keep things like that accurate.

Using them to explore wallets and addresses can be just as bad. There are many cases of transactions being mined and confirmed for blocks and blocks and you can actually see the coins move buy searching them by the txid but it never showed searching for the wallet address.

Same with just doing a direct address search glassnode and other places will give a name to an address [pool / exchange / whatever]as will some other explorers. blockchain.com will give an unknown.

-Dave

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mendace
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January 09, 2023, 04:25:26 PM
 #5

Hello,
today I was exploring blockchain explorer i came across this unknown miner, who earned or received over 2billion in reward
I am wondering who can be this miner ,
It's hard to mine a block without big farm ,
https://www.blockchain.com/explorer/blocks/btc?page=1



or i have a lack of knowledge that i am sharing this ,

It's possible that the miner you saw is a large mining operation with a lot of mining hardware at their disposal. These types of miners are often able to solve blocks faster and more frequently than smaller operations, which allows them to earn a larger number of block rewards.It's also possible that the miner is part of a mining pool, which is a group of miners who combine their computing resources to increase their chances of finding a block. When a block is found, the rewards are distributed among the members of the pool according to the amount of computing power they contributed.
raybucks (OP)
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January 09, 2023, 04:31:44 PM
 #6

blockchain.com is just about useless as a blockexplorer. Picking a random recent block 771134 on blockchain.com following the link you posted https://www.blockchain.com/explorer/blocks/btc?page=1 it shows as 'unknown' under miner. If you actually click on the block and go to https://www.blockchain.com/explorer/blocks/btc/771134 it shows as poolin they can't even keep things like that accurate.

Using them to explore wallets and addresses can be just as bad. There are many cases of transactions being mined and confirmed for blocks and blocks and you can actually see the coins move buy searching them by the txid but it never showed searching for the wallet address.

Same with just doing a direct address search glassnode and other places will give a name to an address [pool / exchange / whatever]as will some other explorers. blockchain.com will give an unknown.

-Dave

thanks , i searched on glassnode andpool name is usa foundry ,

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January 09, 2023, 04:37:26 PM
 #7

Blockchain.com is buggy and they focus more on adopting altcoins than developing their own explorer, and I can give a recent example.
Taproot P2TR addresses have been added like a while however when you search for an address like bc1pmzfrwwndsqmk5yh69yjr5lfgfg4ev8c0tsc06e  (https://www.blockchain.com/explorer/addresses/btc/bc1pmzfrwwwndsqmk5yh69yjr5lfgfg4ev8c0tsc06e) you will get this answer

Quote
Invalid address requested.

If you search for it using blockchair you will get (https://blockchair.com/bitcoin/address/bc1pmzfrwwndsqmk5yh69yjr5lfgfg4ev8c0tsc06e)

.BEST..CHANGE.███████████████
██
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██
██
██
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██
██
██
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██
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██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
o_e_l_e_o
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January 10, 2023, 01:24:20 PM
 #8

thanks , i searched on glassnode andpool name is usa foundry
Many of those "unknown" blocks will belong to Foundry, but not all of them.

The way that these blockchain explorers identify the miner of a block is by looking at the arbitrary data which is included in the coinbase transaction of that block. Most mining pools tag blocks that they have mined by including their own name or a similar identifier in this data. For some reason, blockchain.com is not accurately extracting the Foundry tag from these blocks and displaying it on their website.

However, there will also be other miners that blockchain.com will be failing to properly identify, and there will be blocks which are not tagged by any miner at all, which will also be shown as "unknown".

The best thing to do would be to look up the block on a good explorer such as mempool.space (https://mempool.space/block/00000000000000000003362b9ce3fca0becc7657ed1221bc058f179fa6a94b99), and read the decoded data under the heading "Coinbase (Newly Generated Coins)" in the first transaction.
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