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13/02/26 05:09 UTC-04

Solo miner mined a Bitcoin block and earned nearly $213,000

Mining Mining
Mining Solo miner mined a Bitcoin block and earned nearly $213,000

A miner rented 450 PH/s of computing power for 90 minutes and managed to find a block containing 3,278 transactions. According to estimates by AtlasPool, the probability of such an outcome was only 0.4485%.

The company noted that such cases are rare, as most network participants prefer to combine their power in large pools. This model allows for more predictable payouts.

Solo miners operating outside of pools have significantly lower chances of finding a block on their own. However, in case of success, they receive the full reward, including the block subsidy and transaction fees, without having to share it with other pool participants.

An increase in the number of solo miners has a positive effect on Bitcoin network decentralization, giving them a chance to compete with large-scale miners, according to AtlasPool.

Earlier, analysts at crypto asset hedge fund Capriole Investments stated that in January the average cost for mining companies to produce one bitcoin reached $74,300.

See also: "A large miner named the reason for selling the mined cryptocurrency"

#Bitcoin (BTC) #Mining

Editor: Alyona Nabok
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