Solo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It? By Orbit Brain October 30, 2023 0 247 views A solo Bitcoin miner has struck gold after efficiently claiming a $200,000 block reward. The appreciable achievement has captured the eye of fellow miners and crypto fans, highlighting the potential for lone miners to successfully compete with bigger mining operations Lone Bitcoin Miner Hits JackpotOn October 28, a software program engineer of Bitcoin CGMiner and an admin of Solo Ckpool, Dr. Con Kolivas congratulated a lone Bitcoin miner in an X (previously Twitter) submit for conducting a uncommon milestone by fixing the 278th solo block at Solo Ckpool. Associated Studying: Crypto Analyst Presents Uniswap’s UNI As The Subsequent Coin Primed For BreakoutThe fortunate miner used 11 PH/s of hash energy to find block 814,308 and claimed a $200,000 (6.25 BTC) block reward.“Congratulations to miner 3KCykmdpBpNKTtZJAvp3u2N2EQjGzbUF7c with ~11PH for fixing the 278th solo block on solo.ckpool,” Dr. Kolivas acknowledged. Presently, large-scale mining operations and swimming pools are dominating the Bitcoin mining business. When blocks are found, these mining firms usually share the rewards. In distinction, mining swimming pools like Solo Ckpool supply lone miners a better degree of independence permitting them to earn virtually all rewards once they uncover a block. This current solo mining achievement has not been the one accomplishment this yr. In August, a solo Bitcoin miner solved block 803,821, claiming 6.25 BTC price $160,000. A number of solo miners have additionally found substantial blocks and reaped important rewards in the previous few months. The lure of solo mining swimming pools is rising as many miners want to improve their probabilities of incomes massive rewards whereas reclaiming a way of independence within the aggressive Bitcoin mining market. BTC Mining Hashrate On The RiseBitcoin Hashrate has continued to extend following the current surge within the worth of BTC. Earlier on October 12, the hash fee noticed an alarming improve to 456 exahash per second (EH/s). Following this improve, the hash fee stabilized barely dropping right down to 443 EH/s someday on October 28. Associated Studying: Bitcoin Bull Market: Crypto Spot Buying and selling Volumes Climb To eight-Month HighsRegardless of the elevated degree of mining difficulties, hash charges are rising. Bitcoin hash fee is barely again up at present to 452.63 EH/s with an estimated problem adjustment of 12.78% and community problem of 62.46T. The typical block time for mining can also be roughly eight minutes and 52 seconds. Up to now month, mining hash costs fell to important lows, depicting the potential for chain validators experiencing greater mining difficulties and strain. Now, hash charges are on the rise and Bitcoin miners are making the most of these alternatives to extend their earnings.BTC value resumes rally | Supply: BTCUSD on Tradingview.comFeatured picture from Shutterstock, chart from Tradingview.comShare this:FacebookXPrintEmailLinkedInRedditTwitterTumblrPinterestTelegramWhatsApp Orbit Brainhttps://orbitbrain.com/ Orbit Brain is the senior science writer and technology expert. Our aim provides the best information about technology and web development designing SEO graphics designing video animation tutorials and how to use software easy waysand much more. Like Best Service Latest Technology, Information Technology, Personal Tech Blogs, Technology Blog Topics, Technology Blogs For Students, Futurism Blog.
PEPE Whale Makes $8.13M In Profit As Bullish Rally ContinuesIntroducing the Cryptocurrency PEPE Whale Makes $8.13M In Profit As Bullish Rally Continues.... March 11, 2024 Cryptocurrency
Crypto Analyst Predicts Bitcoin To Reach $130,000, Here’s WhenIntroducing the Cryptocurrency Crypto Analyst Predicts Bitcoin To Reach $130,000, Here’s When.... December 27, 2023 Cryptocurrency
Best coins to buy under $0.10 in 2024. Analyst picks Pushd (PUSHD) over Polygon (MATIC) and Tron (TRX)Introducing the Cryptocurrency Best coins to buy under $0.10 in 2024. Analyst picks Pushd (PUSHD) over Polygon (MATIC) and Tron (TRX).... January 13, 2024 Cryptocurrency
PERP Spikes 90%, Perpetual Protocol Foundation Sends Tokens To Binance: Is This GoodIntroducing the Cryptocurrency PERP Spikes 90%, Perpetual Protocol Foundation Sends Tokens To Binance: Is This Good.... September 6, 2023 Cryptocurrency
Injective and Pullix, Transformative Cryptos Revolutionizing Decentralized FinanceIntroducing the Cryptocurrency Injective and Pullix, Transformative Cryptos Revolutionizing Decentralized Finance.... December 12, 2023 Cryptocurrency
Crypto Analyst Says Bitcoin Is Heavily Undervalued Despite ATH, What’s The Fair Value?Introducing the Cryptocurrency Crypto Analyst Says Bitcoin Is Heavily Undervalued Despite ATH, What’s The Fair Value?.... March 9, 2024 Cryptocurrency
The Next Shiba Inu and Dogecoin? Dogecoin20 ICO and the Promise of Millionaire ReturnsMarch 20, 2024 70