Solo Bitcoin miner bags over $200K block reward using rented hashrate

4 hours ago

A solo Bitcoin miner notched a uncommon triumph by validating an full Bitcoin block, securing a immense payday utilizing a hobby-level mining cognition utilizing on-demand hashrate.

The miner earned the 3.125 Bitcoin (BTC) artifact reward, worthy astir $200,000 astatine existent prices, aft successfully mining artifact 938092, according to blockchain information and a station from Bitcoin mining steadfast Braiins.

Braiins said the miner relied connected on-demand hashrate, spending astir 119,000 satoshis, astir $75 astatine the time, to rent 1 petahash per 2nd of computing powerfulness and paying a tiny solo-mining interest successful the process. The miner utilized CKPool, a work that lets idiosyncratic miners enactment independently portion utilizing a excavation server to broadcast enactment and taxable solutions, the institution said.

While validating an full artifact arsenic a solo Bitcoin miner is rare, adjacent a sub-$100 concern successful on-demand hashrate tin pb to a fortunate payday. On-demand hashrate is simply a cloud-based attack that allows would-be miners to rent computing powerfulness to excavation cryptocurrencies without owning the hardware.

The miner successfully validated Bitcoin artifact “938092” astir 8:04 americium UTC connected Tuesday, according to blockchain information from Mempool.space.

Solo wins stay statistically rare

While validating a artifact arsenic a solo miner is simply a uncommon occurrence, 21 Bitcoin miners managed the uncommon feat implicit the past year, cashing successful a full of 66 BTC, worthy $4.1 cardinal astatine existent prices. This marks a 17% summation successful solo blocks recovered during the past year, according to solo miner information aggregator Bennet.

Data shows that a solo artifact is mined astatine an mean interval of 17.2 days.

Bitcoin mining manufacture recovers from US wintertime storms

Bitcoin mining difficulty climbed to 144.4 trillion aft the latest adjustment, marking a 15% rise.

The accommodation reversed an 11% driblet that occurred owed to terrible US wintertime storms earlier this month, the sharpest diminution successful hashrate since China’s 2021 mining ban.

Hashrate measures the full computing powerfulness down the Bitcoin network. The network’s trouble is adjusted each 2,016 blocks, astir each 2 weeks, to support artifact accumulation adjacent its 10-minute target.

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