1 year ago
A solo Bitcoin miner has struck golden aft successfully claiming a $200,000 artifact reward. The sizeable accomplishment has captured the attraction of chap miners and crypto enthusiasts, highlighting the imaginable for lone miners to efficaciously vie with larger mining operations
Lone Bitcoin Miner Hits Jackpot
On October 28, a bundle technologist of Bitcoin CGMiner and an admin of Solo Ckpool, Dr. Con Kolivas congratulated a lone Bitcoin miner successful an X (formerly Twitter) station for accomplishing a uncommon milestone by solving the 278th solo artifact astatine Solo Ckpool.
The fortunate miner utilized 11 PH/s of hash powerfulness to observe artifact 814,308 and claimed a $200,000 (6.25 BTC) artifact reward.
“Congratulations to miner 3KCykmdpBpNKTtZJAvp3u2N2EQjGzbUF7c with ~11PH for solving the 278th solo artifact connected solo.ckpool,” Dr. Kolivas stated.
Presently, large-scale mining operations and pools are dominating the Bitcoin mining industry. When blocks are discovered, these mining companies often stock the rewards. In contrast, mining pools similar Solo Ckpool connection lone miners a higher level of independency allowing them to gain astir each rewards erstwhile they observe a block.
This caller solo mining accomplishment has not been the lone accomplishment this year. In August, a solo Bitcoin miner solved artifact 803,821, claiming 6.25 BTC worthy $160,000. Multiple solo miners person besides discovered important blocks and reaped important rewards successful the past fewer months.
The lure of solo mining pools is increasing arsenic galore miners are looking to summation their chances of earning ample rewards portion reclaiming a consciousness of independency successful the competitory Bitcoin mining market.
BTC Mining Hashrate On The Rise
Bitcoin Hashrate has continued to summation pursuing the caller surge successful the worth of BTC. Earlier connected October 12, the hash complaint saw an alarming summation to 456 exahash per 2nd (EH/s). Following this increase, the hash complaint stabilized somewhat dropping down to 443 EH/s sometime connected October 28.
Despite the accrued level of mining difficulties, hash rates are rising. Bitcoin hash rate is somewhat backmost up contiguous to 452.63 EH/s with an estimated trouble accommodation of 12.78% and web trouble of 62.46T. The mean artifact clip for mining is besides astir 8 minutes and 52 seconds.
In the past month, mining hash prices fell to important lows, depicting the anticipation of concatenation validators experiencing higher mining difficulties and pressure. Now, hash rates are connected the emergence and Bitcoin miners are taking vantage of these opportunities to summation their earnings.
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