A solo miner independently validated a Bitcoin block, earning 3.151 BTC.
Bitcoin's hashrate peaked near 1.1 billion TH/s, indicating strong network activity and a rise in overall mining difficulty.
Bitcoin traded at $104,637.16 with a 0.90% daily drop, showing high intraday volatility and downward pressure on price.
A solo Bitcoin miner has successfully validated a block on the Bitcoin network. The miner earned a total reward of 3.151 BTC, valued at over $330,000 at the time of confirmation. This occurrence stands out due to the increasing complexity of mining and the dominance of large-scale mining pools in recent years.
https://twitter.com/inspirdanalyst/status/1930478080243470529 Block Mined by Solo Operator Amidst Rising Network Difficulty
The block was mined independently without support from a major mining pool. Bitcoin’s network difficulty has risen significantly, making successful solo mining increasingly uncommon. Despite the odds, the miner solved the cryptographic puzzle and received the full block reward.
Mining difficulty adjusts approximately every two weeks based on network computing power. Higher difficulty reduces the likelihood of individual miners successfully validating blocks. This makes the solo miner’s success an infrequent outcome in today’s environment. The total reward of 3.151 BTC included the fixed block subsidy and additional transaction fees.
Bitcoin’s current block subsidy stands at 3.125 BTC, following the most recent halving. The additional 0.026 BTC came from transaction fees included in the block. Transaction fees vary depending on network congestion and transaction volume. These fees are added to the miner’s earnings and are paid by users to prioritize transactions.
Event Recorded on Bitcoin’s Mainnet and Confirmed by Network Nodes
The mined block was recorded on the Bitcoin mainnet and verified by the network’s full nodes. Each node cross-checks the block’s validity before adding it to the blockchain ledger. This ensures that all network participants accept the block.
The solo miner used standard protocol and mining software to complete the block validation. No irregularities or anomalies were reported during the process.
Solo mining has become increasingly rare due to the growing hashrate and competition among professional mining operations. While technically possible, the chances of success for individual miners remain low. Events like this continue to occur infrequently and require optimal conditions and significant luck.
Bitcoin Current Hashrate and Performance Revealed
Tracking the ongoing hashrate trend, Blockchain.com indicates that Bitcoin’s total hash rate reached 795,352,777.738 TH/s, showing consistent mining activity growth. The chart indicates that as the hash rate increased over the year, price trends followed a rising path. The hash rate moved steadily above 700 million TH/s before peaking near 1.1 billion TH/s.
Source: Blockchain.com (Hashrate)
A deeper analysis of Bitcoin price trend by CoinMarketCap notes that Bitcoin traded at $104,637.16, showing a 0.90% decline over the past 24 hours. The market cap dropped 0.87%, settling at $2.07 trillion during the same period as the trading volume over 24 hours reached $42.99 billion, reflecting a 3.36% decrease.
Source: CoinMarketCap
The fully diluted valuation stood at $2.19 trillion, with a volume-to-market-cap ratio of 2.1%. BTC's price showed early strength, reaching above $105,420 before beginning a downward trend. By late evening, the price dipped below $104,500 before a brief recovery.
Fluctuations continued throughout the night, with multiple failed attempts to hold above $105,000. As the market opened on June 5, prices hovered around $104,630 amid low upward momentum. Overall, intraday volatility remained high with a clear downward pressure on price levels.
