12 hours ago
A solo Bitcoin miner has solved artifact 920,440, mining it wholly connected their ain and cashing successful a immense reward for themselves.
A solo Bitcoin miner has go the latest fortunate idiosyncratic to triumph the “Bitcoin mining lottery,” pocketing a $347,455 artifact reward.
Bitcoin node infrastructure institution Umbrel said the solo miner won the artifact via the Public Pool Bitcoin mining excavation — earning the 3.125 Bitcoin (BTC) artifact reward and a 0.016 BTC transaction interest connected top.
It took spot astatine artifact tallness 920,440, connected Thursday astatine 7:32pm UTC, Mempool.space data shows.
While solo Bitcoin miners winning blocks isn’t uncommon, this 1 was much awesome arsenic the miner secured the artifact wholly connected their ain by moving a solo mining excavation arsenic opposed to the much communal signifier of pooling hash powerfulness with others.
“No middlemen. No third-parties. Just axenic self-sovereignty successful action,” Umbrel said, portion the Bitcoin Bazaar X relationship added:
“A solo artifact has been mined by a solominer, mining connected his ain mining pool, hosted connected an Umbrel Server. Total sovereignty. We request much of this.”
Source: Matthias
Solo Bitcoin mining is simply a triumph for decentralization
The summation successful solo Bitcoin miners solving blocks is simply a bully happening for Bitcoin’s decentralization arsenic it gives smaller miners a amended accidental to vie against the ample industrial-scale miners, galore of which are publically traded.
Pocket-sized Bitcoin miners are inactive cheaper than iPhones
It comes amid a emergence successful smaller-sized Bitcoin miners, specified arsenic Bitaxes successful caller years, which sell from $155 to implicit $600, depending connected the machine’s terahash-per-second capacity.
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While the pocket-sized machines combined lone lend a tiny boost to Bitcoin’s hash rate, galore of these machines person been open-sourced to combat the “secrecy and exclusivity” of larger Bitcoin miners, which typically usage the closed-sourced Bitcoin ASICs, a BitMaker spokesperson told Cointelegraph successful 2023.
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