As the Bitcoin halving event gets closer, a single miner has made news by successfully mining a single block of the cryptocurrency and getting paid 6.36 BTC for it.
A miner with a hashrate of 7 PH/s confirmed block #837,814 on the Bitcoin blockchain on April 5th, which is an amazing achievement. Mempool says that the miner’s work earned them a total of 6.36 BTC, which was worth about $422,750 at the time of block mining. Interestingly, a fee of 0.1 BTC was also paid.
Bitcoin Miner’s Remarkable Accomplishments:
The administrator of CKPool, Con Kolyvas, said that the single miner had been contributing on and off since the pool’s last restart, earning an average of 0.05% of the shares required to solve a block.
“The miner has contacted me in private. He was mining with his own mining hardware supplemented by intermittent rented hashrate.”Con Kolyvas, CKPool pool administrator
This success is similar to others that have been achieved in the Bitcoin mining world. Another solo miner with 11 PH/s of hardware power got a block in October 2023 and earned 6.25 BTC plus a commission of 0.09 BTC. In the same way, someone made $177,115 by mining a block in May 2023. They got 6.25 BTC as a reward plus 0.24 BTC as a fee.
According to new data, the difficulty of mining Bitcoin will go down by 0.97% by the end of March 2024, with the difficulty indicator ending at 83.13 T. Averaging 593.99 EH/s, the hashrate stayed the same during this period of time. The time between block validations stayed the same, at about 10 minutes and 7 seconds, even though it changed.
