A Bitcoin miner solved the network independently and solved block 841,286, earning a reward of 3,125 BTC. 🎉
After the fourth Bitcoin halving, which took place on April 20, the block reward dropped from 6.25 BTC to 3,125 BTC, which is now worth about $200,000.
On April 29, Con Kolivas, manager and software engineer of solo mining pool ckpool, shared that a miner (not a large company) had solved the 282nd solo block in Bitcoin history. This is a rare situation.
Kolivas stated that this solo miner had a significant hash rate of approximately 120PH (peta hash) at the time. This hash rate was approximately 0.02% of the total network hash rate.
Bitcoin mining involves participants contributing computing power to solve the next block and add it to the network. But with the rising price of Bitcoin, mining has become more popular, leading to increased difficulty and increased hash rate, i.e. network strength. Therefore, due to this high competition, it has become almost impossible to solve a block alone. ⛏️
According to Bitinfocharts, the average network hash rate currently stands at 618 EH per second (exa hashes) and reached an all-time high of 728 EH on April 23. This represents an increase of more than 90% over the last 12 months and demonstrates the extraordinary nature of the latest solo mining success.
#Binance #btc #Bitcoin #XRP #SEC $BTC
After the fourth Bitcoin halving, which took place on April 20, the block reward dropped from 6.25 BTC to 3,125 BTC, which is now worth about $200,000.
On April 29, Con Kolivas, manager and software engineer of solo mining pool ckpool, shared that a miner (not a large company) had solved the 282nd solo block in Bitcoin history. This is a rare situation.
Kolivas stated that this solo miner had a significant hash rate of approximately 120PH (peta hash) at the time. This hash rate was approximately 0.02% of the total network hash rate.
Bitcoin mining involves participants contributing computing power to solve the next block and add it to the network. But with the rising price of Bitcoin, mining has become more popular, leading to increased difficulty and increased hash rate, i.e. network strength. Therefore, due to this high competition, it has become almost impossible to solve a block alone. ⛏️
According to Bitinfocharts, the average network hash rate currently stands at 618 EH per second (exa hashes) and reached an all-time high of 728 EH on April 23. This represents an increase of more than 90% over the last 12 months and demonstrates the extraordinary nature of the latest solo mining success.
#Binance #btc #Bitcoin #XRP #SEC $BTC