F2Pool Leads the Way in OFAC Complianced Bitcoin Mining

The ViaBTC mining pool mined one block, the Foundry USA pool mined another, and the F2Pool mined four.

Written By:
Jalpa Bhavsar

F2Pool Leads The Way In Ofac Complianced Bitcoin Mining

0xB10C Bitcoin Developer disclosed that F2Pool was the first Bitcoin mining pool to screen transactions according to OFAC penalties imposed by the United States.

The goal of the 0xB10C Bitcoin Developer project, Miningpool-Observer, is to identify instances in which Bitcoin mining pools are not mining transactions that they should have been mining. 

The Miningpool-Observer instance’s RSS feed indicated six blocks lacking an OFAC-approved transaction in September and October of 2023.

The ViaBTC mining pool mined one block, the Foundry USA pool mined another, and the F2Pool mined four. Any payment or expenditure made from an address approved by the Office of Foreign Assets Control of the US Department of Treasury is considered an OFAC-sanctioned transaction.

0xB10C Bitcoin Developer said, “I conclude that the reports from miningpool-observer indicating sanctioned transactions missing from blocks by ViaBTC and Foundry are likely false-positives and not the result of filtering. The transactions missing from F2Pool’s blocks are, however, likely filtered.”

Also Read: Bitcoin Mining Company Marathon Digital Mines Invalid Block


Mobile Only Image

Share This Article
Follow:
Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.