F2Pool co-founder Wang Chun responds to allegations of manipulating the Ethereum PoW system

2022-08-09 11:33:04

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According to Chain Catcher news and reported by Cointelegraph, F2Pool co-founder Wang Chun responded on Twitter to allegations that F2Pool has been manipulating Ethereum block timestamps to "gain higher mining rewards." He stated that they respect "consensus," and if you don't like it, persuade the developers to change that consensus.

The accusation was made by Aviv Yaish, a crypto researcher at Hebrew University, who believes that F2Pool has been conducting "consensus-level" attacks on Ethereum for the past two years, with evidence that miners manipulate block timestamps to continuously obtain higher mining rewards than through actual mining.

It is reported that Ethereum's current proof-of-work (POW) consensus mechanism gives miners "some degree of freedom" when setting timestamps, meaning miners can create incorrect timestamps and then use those timestamps to increase the mining difficulty of blocks, replacing blocks from other miners with the same block height. (Cointelegraph)

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F2Pool PoW block timestamp

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