9 months ago
A solo Bitcoin miner has independently solved a BTC artifact to gain a reward of 3.275 BTC, astir equivalent to $200,000.
On Aug. 29, Con Kolivas, a bundle technologist and head of the solo mining excavation ckpool, announced connected X that the miner had successfully solved the 291st solo artifact successful Bitcoin’s history. He congratulated the miner, stating:
“Congratulations to miner 36AisvWi1UiwLTeTZxLzindAkorqeUc3tT for solving the 291st solo artifact connected solo.ckpool.org! This hefty miner with 38PH would lick a artifact connected mean erstwhile each ~4 months.”
Blockchain data confirms that the miner successfully mined artifact fig 858,978 connected the Bitcoin blockchain, which included 2,391 transactions.
Centralization concerns
This accomplishment comes astatine a clip erstwhile concerns astir the centralization of Bitcoin mining are increasing wrong the community.
Data from BTC.com reveals that 4 mining pools—Foundry USA, AntPool, ViaBTC, and F2Pool—have produced astir 80% of Bitcoin blocks implicit the past 3 days, raising alarms among assemblage members.
Bitcoin Mining Pool Distribution (Source: BTC.com)Foundry USA and AntPool unsocial accounted for much than 50% of the blocks mined by these pools.
This precocious level of centralization has raised concerns astir the aboriginal of Bitcoin. Jameson Lopp, co-founder of CasaHODL, weighed successful connected the issue, explaining that Bitcoin mining centralization is simply a struggle betwixt economies of standard and the decentralized quality of vigor sources. However, helium remains optimistic that decentralization volition yet prevail.
Notably, the risks person been exacerbated by the recent halving event, which chopped artifact mining rewards successful half. This simplification has driven galore smaller miners retired of the market, leaving the manufacture dominated by publically traded mining companies.
Bitfinex has warned that this attraction of mining powerfulness could pb to imaginable censorship of transactions and accrued vulnerability to coordinated attacks oregon regulatory pressures. The steadfast stated:
“This attraction of mining powerfulness among less entities could pb to accrued centralization, which is contrary to Bitcoin’s ethos. Centralization risks could mean the imaginable censorship of transactions and accrued vulnerability to coordinated attacks oregon regulatory pressures.”
The station Solo Bitcoin miner earns $200,000 reward amid increasing centralization concerns appeared archetypal connected CryptoSlate.
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