Solo Bitcoin Miner Successfully Mines Block, Earns Mining Reward Worth 310,000 EUR

An independent Bitcoin miner successfully mined a Bitcoin block yesterday and received a block reward of 3.125 BTC, plus 0.033 BTC in transaction fees, totaling 3.158 BTC. Based on the Bitcoin price at that time, approximately $98,300 per coin, this reward is worth about $310,000.

The unidentified miner successfully processed Bitcoin block 883,181, which contained 3,071 transactions. It is currently unclear what equipment the miner used, but some community users speculated on X (formerly Twitter) that he may have completed the mining with just a hobbyist mining machine worth $200.

Bitcoin mining has become increasingly difficult over time, with a significant increase in required computational power and energy consumption. Today, most blocks are mined by large mining farms equipped with a large number of high-performance mining machines and operated on a large scale.

However, despite the very low probability, independent miners occasionally succeed in mining a block, similar to winning a lottery. According to a previous report by Zombit, there have been two instances in 2024 where independent miners successfully received mining rewards, with the value of the rewards at that time being approximately $200,000. Reference source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.

Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …