Ethereum Classic orphan rate artificially increased

News updates about the Prohashing pool
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Steve Sokolowski
Posts: 4110
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Ethereum Classic orphan rate artificially increased

Post by Steve Sokolowski » Tue Sep 08, 2020 1:31 pm

Recently, Ethereum Classic suffered from some 51% attacks, and exchanges have locked wallets and increased confirmation times to a ridiculous number of blocks.

While Prohashing has not been affected by the attacks themselves, the large number of confirmations required by exchanges has increased the risk that Ethereum Classic's price will decline before the blocks we mine are confirmed. As a result, we artificially inflated Ethereum Classic's orphan rate to 20% to account for the possibility of a price crash.

Chris will remove this artificial adjustment once all exchanges reduce their confirmation times and unlock their wallets.

On a secondary note, two customers have complained that our Ethereum Classic payouts were not credited by exchanges that have locked wallets, like Bittrex. If you are requesting payouts to an exchange wallet, we recommend that you change to a daemon-hosted wallet instead, as we can't refund customers for money sent to exchanges that the exchanges do not credit.
inka
Posts: 1
Joined: Wed Sep 30, 2020 7:37 am

Re: Ethereum Classic orphan rate artificially increased

Post by inka » Wed Sep 30, 2020 7:50 am

right now they are doing many cyber attacks on cryptocurrencies, what more can we expect if we are in the era of digital transformation, as time passes, security in cryptocurrencies will have to be increased. I have never had a problem on the MintMe platform which is the custom cryptocurrency platform that i use.
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