A lone miner receives a reward of $300,000 for block $BTC
A Bitcoin miner has hit the jackpot: mined a block with a reward of 3.125 Bitcoin, worth over $300,000.
Block 883,181, mined on February 10 by an unknown miner, contained 3,071 transactions and a total reward of 3.15 Bitcoin.
Bitcoin miner Marshall Long said in a post on X on February 10 that the miner was using a CKPOOL implementation but noted that it did not "seem to be directly from CKPOOL." He speculated that the lucky miner might have used a Bitaxe.
A Bitaxe is a mining device that can be used for solo mining or in mining pools where miners combine their computing power to increase the chances of solving the block.
The Bitcoin hashrate currently stands at 788.86 million, down 0.81% from 795.29 million on February 9, but up 53% from a year ago, according to data from YCharts.
A higher hashrate requires miners to use more computing power, increasing energy costs and extending verification and transaction times, making it more difficult for solo miners to successfully validate a block.
Solo miners rarely solve blocks. Large mining companies, such as Bit Digital, Riot Blockchain, and Marathon Digital, validate the most blocks as they have large amounts of hash power.
Satoshi Nakamoto's white paper states that there is a hard limit of only 21 million Bitcoin available. According to the Blockchain Council, over 19 million have been granted to miners in block rewards to date.
This is happening as cryptocurrency markets continue to recover after a temporary drop when U.S. President Donald Trump announced tariffs on aluminum and steel in the latest salvo of the U.S. trade war.
A Bitcoin miner has hit the jackpot: mined a block with a reward of 3.125 Bitcoin, worth over $300,000.
Block 883,181, mined on February 10 by an unknown miner, contained 3,071 transactions and a total reward of 3.15 Bitcoin.
Bitcoin miner Marshall Long said in a post on X on February 10 that the miner was using a CKPOOL implementation but noted that it did not "seem to be directly from CKPOOL." He speculated that the lucky miner might have used a Bitaxe.
A Bitaxe is a mining device that can be used for solo mining or in mining pools where miners combine their computing power to increase the chances of solving the block.
The Bitcoin hashrate currently stands at 788.86 million, down 0.81% from 795.29 million on February 9, but up 53% from a year ago, according to data from YCharts.
A higher hashrate requires miners to use more computing power, increasing energy costs and extending verification and transaction times, making it more difficult for solo miners to successfully validate a block.
Solo miners rarely solve blocks. Large mining companies, such as Bit Digital, Riot Blockchain, and Marathon Digital, validate the most blocks as they have large amounts of hash power.
Satoshi Nakamoto's white paper states that there is a hard limit of only 21 million Bitcoin available. According to the Blockchain Council, over 19 million have been granted to miners in block rewards to date.
This is happening as cryptocurrency markets continue to recover after a temporary drop when U.S. President Donald Trump announced tariffs on aluminum and steel in the latest salvo of the U.S. trade war.
