Solo miner mines a block of bitcoin and earns $137 000
The reward was 6,25 BTC and a fee of 0,63 BTC
13.03.2023 - 13:20
366
3 min
0
What’s new? On March 10, a solo miner managed to mine an entire block of bitcoin at #780 112. The block was mined over a period of two days. According to CKPool administrator Con Kolivas on Twitter, a miner with this size of capacity (6,7 PH/s) calculates a block once every ten months on average, so the event is “very lucky.”
Congratulations to miner39nDQ9BexEBXpRdkHY1z95CaMDEwh6muPW who solved the 270th solo block at https://t.co/UWgBvLkDqc with 6.7PH but doesn't appear to have been mining for very long https://t.co/WGVBC3QajX — Dr. Con Kolivas (@ckpooldev) March 10, 2023
What else is known? According to blockchain explorer BTC.com, the reward for the block mined was 6,25 BTC, along with a fee of 0,63 BTC. In total, the miner earned about $137 270 at the exchange rate at the time of mining.
What is cryptocurrency mining
In the cryptocurrency world, mining is the process of creating blocks in a blockchain and paying rewards to people who invest their computing resources in the process
The solo miner turned out to be a Russian user of the bitcoin forum under the pseudonym Pineconeeee. He thanked the creator of the pool and said that he was previously mining on his own equipment with a capacity of 270 TH/s, and on 9 March he rented an additional capacity of 5 PH/s using the NiceHash service.
In January 2022, a solo ETH miner managed to mine an entire block, working through the 2miners pool. The reward was 168 ETH, approximately $540 000 at the time. This amount exceeded the average by almost 42 times. In the same month, two anonymous solo miners also mined one whole block of BTC. Each of them had a 1 in 1 400 000 chance of mining an entire block.
Useful material?
Market
To advance crypto-friendly regulation, Trump’s party needs to win a majority in the Senate
Oct 18, 2024
Incidents
The regulator believes that the court erred in not recognizing retail sales of XRP as securities transactions
Oct 18, 2024
Market
The leader was the Solana network, with 100 million active addresses per month
Oct 17, 2024
Crypto regulations
Amendments to the regulation of financial institutions have been published for public discussion until October 30
Oct 16, 2024
Market
Over the past four years, the company’s shares have grown by 1540%, while the index has gained only 111%
Oct 16, 2024
Incidents
Over the last 24 hours, the asset has updated its all-time high at $2,34
Oct 15, 2024