Unknown Miner Predominance Alert - DEPRECATED

THIS ENDPOINT HAS BEEN DEPRECATED AND WILL NO LONGER BE ACTIVELY MAINTAINED, UPDATED OR SUPPORTED

Alert Definition

Alerts if all of the previous six blocks observed in the blockchain were mined by unknown miners/mining pools.

Dictionary

Name	AlertID	Category	Sub-category	Type	Unit	Interval
Unknown Miner Predominance Alert	block_count_by_unknown_miners_6b_hi	Alert	Mining Alerts	Sum	Blocks	Ad hoc

Interpretation

Miners identify themselves using a variety of techniques. In Bitcoin, miners identify themselves by encoding a message in the coinbase transaction, which rewards miners for successfully appending the blockchain. The industrialization of mining has made it unusual for six blocks to be mined sequentially by miners without identification in most, albeit not all, networks. As such, it is important to understand when such events take place.

Potential Root Causes

Miners no longer wish to identify themselves because of the privacy requirements when engaging in Miner Extractable Value (MEV), an activity that predominantly took place in Ethereum.

Large miners (or a cohort of miners) do not wish to identify themselves.

Asset Coverage

Bitcoin (BTC)