Solo Bitcoin Miner Hits $266K Jackpot
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1. Solo Miner Success:
• A solo Bitcoin miner successfully mined a block without the support of a mining pool.
2. Reward Earned:
• The miner earned a reward of $266,000.
3. Block Mined:
• The solo miner processed Bitcoin block 888,737.
• The block contained 2,327 transactions.
4. Reward Breakdown:
• The miner received 3.125 BTC as the block reward.
• An additional 0.032 BTC was earned from transaction fees.
5. Bitcoin Price:
• At the time of mining, Bitcoin was priced at $84,257 per coin.
• The total payout was more than $266,000.
6. Mining Industry Context:
• The Bitcoin network is typically dominated by industrial mining operations due to its energy-intensive nature.
7. Solo Mining Equipment:
• The miner used a DIY FutureBit Apollo machine for this mining success.
8. Broad Definition of ‘Solo Miner’:
• The term “solo miner” can refer to individuals or even large-scale setups.
9. Inspiration for Home Mining:
• Despite challenges, recent solo mining successes might encourage more enthusiasts to explore home mining.
A solo Bitcoin miner struck gold on Friday by mining a block without the support of a mining pool, earning a $266,000 reward. This rare achievement raises questions about its feasibility. The unidentified miner successfully processed Bitcoin block 888,737, containing 2,327 transactions and receiving 3.125 BTC plus 0.032 BTC in fees. With Bitcoin priced at $84,257 per coin, the payout exceeded $266,000. While industrial mining operations dominate the network due to its energy-intensive nature, occasional solo miners, like the one using a DIY FutureBit Apollo machine in this case, can still succeed. However, the term 'solo miner' encompasses a wide range, from individuals to large-scale setups. Despite the challenges, the recent success of solo miners may inspire more enthusiasts to explore home mining opportunities.
