{"id":13016,"date":"2024-04-29T09:51:35","date_gmt":"2024-04-29T06:51:35","guid":{"rendered":"https:\/\/forklog.com\/en\/solo-miner-secures-bitcoin-block-earning-218500\/"},"modified":"2024-04-29T09:51:35","modified_gmt":"2024-04-29T06:51:35","slug":"solo-miner-secures-bitcoin-block-earning-218500","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/solo-miner-secures-bitcoin-block-earning-218500\/","title":{"rendered":"Solo Miner Secures Bitcoin Block, Earning $218,500"},"content":{"rendered":"<p>On April 29, a solo miner with equipment hash rate of 120 PH\/s added block #841,286 to the blockchain of the first cryptocurrency. This was reported by CKPool administrator Con Kolivas.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at <a href=\"https:\/\/t.co\/UWgBvLkDqc\">https:\/\/t.co\/UWgBvLkDqc<\/a> with a large ~120PH at the time (12PH average over a week) <a href=\"https:\/\/t.co\/btUXBoC8Yd\">https:\/\/t.co\/btUXBoC8Yd<\/a> <a href=\"https:\/\/t.co\/yh0VkuAI5b\">pic.twitter.com\/yh0VkuAI5b<\/a><\/p>\n<p>\u2014 Dr -ck (@ckpooldev) <a href=\"https:\/\/twitter.com\/ckpooldev\/status\/1784706277010215067?ref_src=twsrc%5Etfw\">April 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following the recent halving, the reward for Bitcoin miners was reduced from 6.25 BTC to 3.125 BTC. The solo miner earned 3.433 BTC (~$218,544), including fees.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/2VvydUoBjVkp9dm82r9G0vTw5TMwet4-6JrVnmRU_mNCD6ukf1PQvK0A6yILL5gcYqi9xF2TxSUH3YF0egM3yxExw7FsdFYRnqegLD-_F91HuWxuU_lkpJ5twRQhgMg64VZKRshzubqyN6wbYkoY-co\" alt=\"Solo miner secures Bitcoin block, earning $218,500\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/mempool.space\/block\/0000000000000000000122d20c94bf71bba48531644412f98e05f3aca7167feb\">mempool.space<\/a>.<\/figcaption><\/figure>\n<p>Kolivas speculated that the user switched from pool to solo mining because &#8220;it does not cover their electricity costs.&#8221; He also suggested the possibility of hash rate rental.\u00a0<\/p>\n<p>Solo mining of a block is a relatively rare occurrence. Over the 14-year history of the first cryptocurrency&#8217;s blockchain, this has happened 282 times.\u00a0<\/p>\n<p>According to <a href=\"https:\/\/bitinfocharts.com\/comparison\/bitcoin-hashrate.html#3y\">BitInfoCharts<\/a>, the average network hash rate is 591 EH\/s. The figure reached a record high of 728 EH\/s on April 23. Over the past year, it has increased by more than 90%, further complicating solo mining.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/njRXyMgCGnUDjoGkZymrJHrWPmAIIwwtDC2TPs5ukM7fq0oqEog0YpNtK_x_m6v2TX9aCzt4gFScS03azK7G4jrgqG3j_fu1uwym1s0ih8LasY1Cd7f5fb4hZ2WoGxGt5uTd9rgZev8Ckmytuunl1Ls\" alt=\"Solo miner secures Bitcoin block, earning $218,500\"\/><figcaption class=\"wp-element-caption\">Data: BitInfoCharts.<\/figcaption><\/figure>\n<p>Earlier, on April 5, a solo miner with equipment hash rate of 7 PH\/s mined block #837,814.\u00a0<\/p>\n<p>In October 2023, a solo miner added a block to the Bitcoin network with device power of 11 PH\/s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 29, a solo miner with equipment hash rate of 120 PH\/s added block #841,286 to the blockchain of the first cryptocurrency. This was reported by CKPool administrator Con Kolivas.\u00a0 Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at https:\/\/t.co\/UWgBvLkDqc with a large ~120PH at the time (12PH average over a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137],"class_list":["post-13016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=13016"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/13015"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=13016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=13016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=13016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}