The Bitcoin Glitch

A bug in the system?

There may be a bug in the Bitcoin infrastructure, and which might be causing the mining process to act incorrectly. This may have glitched the prices of bitcoin. The problem can be illustrated here, where we have a small delay between blocks (just 21 and 31 seconds between two consecutive blocks) and the creation of an extremely small block size (0.29kB):

Three blocks were thus produced within less than one minute.

The details

So something strange happened today (5 September 2018), and where the value of Bitcoin took two large drops (and fell over 5% in value). One drop happened just before 10am and then the other happened just before 11am:

Something very strange was happening and where the volumes of transactions in the blocks around the time to falls dropped to virtually zero: