| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107281.6800000000 |
| ETH | $2430.5810000000 |
| BNB | $648.9197600000 |
| XRP | $2.1869730000 |
| ADA | $0.5659857000 |
| SOL | $149.8852000000 |
| DOGE | $N/A |
| DOT | $3.3917000000 |
| LTC | $86.6049000000 |
| LINK | $13.3166800000 |
Category: CRYPTO NEWS
The post Solo Miner Hits Jackpot, Earns $310K for Mining a Bitcoin Block appeared on BitcoinEthereumNews.com. A Bitcoin miner has successfully mined Block 883,181, securing a reward of approximately $310,000. The miner, who operated independently without the backing of a major mining company, solved the cryptographic puzzle required to validate transactions and add a new block to the Bitcoin blockchain. The Mining Method Crypto journalist Pete Rizzo first reported the rare event on X, revealing that the miner processed a block containing 3,071 transactions. The miner received a reward of 3.125 BTC for solving the block and an additional 0.033 BTC in transaction fees, resulting in a total earnings of 3.158 BTC. With the cryptocurrency priced at around $98,300 at the time, this amounted to a payout of approximately $310,000. While the exact setup used by the individual remains unclear, speculation has emerged on X regarding their possible equipment. Some users suggested that the miner could have used a $200 BitAXE home mining device. Others believe they may have leveraged CKPOOL, a mining pool for solo miners that allows individuals to participate without relying on a major firm. According to data from BitInfoCharts, as of February 11, 2025, the Bitcoin network’s average hash rate is approximately 800.52 exahashes per second (EH/s). At this level, the chances of an individual miner successfully adding a block to the blockchain are extremely low. Most Bitcoin blocks are generated by large-scale industrial operations, which look like warehouses filled with powerful, high-cost mining machines run by publicly traded companies. However, on rare occasions, a lone miner manages to beat the odds and mine a block independently. Previous Solo Mining Successes Solo mining involves an individual attempting to solve complex cryptographic puzzles without assistance from a mining pool. As Bitcoin’s mining difficulty increases, the process requires more resources, making it more challenging for such operators to succeed. The rising price of Bitcoin…
2025-02-12T04:34:17+00:00