{"id":558241,"date":"2023-10-30T19:00:31","date_gmt":"2023-10-30T19:00:31","guid":{"rendered":"https:\/\/uniquehot.com\/?p=558241"},"modified":"2024-06-11T07:09:24","modified_gmt":"2024-06-11T07:09:24","slug":"solo-bitcoin-miner-200000-reward","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solo-bitcoin-miner-200000-reward\/","title":{"rendered":"Solo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It?"},"content":{"rendered":"

A solo Bitcoin miner has struck gold after successfully claiming a $200,000 block reward. The considerable achievement has captured the attention of fellow miners and crypto enthusiasts, highlighting the potential for lone miners to effectively compete with larger mining operations\u00a0<\/span><\/p>\n

Lone Bitcoin Miner Hits Jackpot<\/h2>\n

On October 28, a software engineer of Bitcoin CGMiner and an admin of Solo Ckpool, Dr. Con Kolivas congratulated a lone Bitcoin miner in an <\/span>X<\/span><\/a> (formerly Twitter) post for accomplishing a rare milestone by solving the 278th solo block at Solo Ckpool.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Presents Uniswap\u2019s UNI As The Next Coin Primed For Breakout<\/a><\/div>\n

The lucky miner used 11 PH\/s of hash power to discover block 814,308 and claimed a $200,000 (6.25 BTC) block reward.<\/span><\/p>\n

\u201cCongratulations to miner 3KCykmdpBpNKTtZJAvp3u2N2EQjGzbUF7c with ~11PH for solving the 278th solo block on solo.ckpool,\u201d Dr. Kolivas stated.\u00a0<\/span><\/p>\n

Presently, <\/span>large-scale mining operations<\/span><\/a> and pools are dominating the Bitcoin mining industry. When blocks are discovered, these mining companies often share the rewards. In contrast, mining pools like Solo Ckpool offer lone miners a higher level of independence allowing them to earn almost all rewards when they discover a block.\u00a0<\/span><\/p>\n

This recent solo mining achievement has not been the only accomplishment this year. In August, a <\/span>solo Bitcoin miner<\/span><\/a> solved block 803,821, claiming 6.25 BTC worth $160,000. Multiple solo miners have also discovered substantial blocks and reaped significant rewards in the last few months.\u00a0<\/span><\/p>\n

The lure of solo mining pools is growing as many miners are looking to increase their chances of earning large rewards while reclaiming a sense of independence in the competitive <\/span>Bitcoin mining market.\u00a0<\/span><\/a><\/p>\n

BTC Mining Hashrate On The Rise<\/h2>\n

Bitcoin Hashrate has continued to increase following the recent <\/span>surge in the value of BTC. <\/span><\/a>Earlier on October 12, the hash rate saw an alarming increase to 456 exahash per second (EH\/s). Following this increase, the <\/span>hash rate <\/span><\/a>stabilized slightly dropping down to 443 EH\/s sometime on October 28.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Bull Market: Crypto Spot Trading Volumes Climb To 8-Month Highs<\/a><\/div>\n

Despite the increased level of <\/span>mining difficulties, <\/span><\/a>hash rates are rising. <\/span>Bitcoin hash rate<\/span><\/a> is slightly back up today to 452.63 EH\/s with an estimated difficulty adjustment of 12.78% and network difficulty of 62.46T. The average block time for mining is also approximately 8 minutes and 52 seconds.\u00a0<\/span><\/p>\n

In the past month, mining <\/span>hash prices<\/span><\/a> fell to significant lows, depicting the possibility of chain validators experiencing higher mining difficulties and pressure. Now, hash rates are on the rise and <\/span>Bitcoin miners<\/span><\/a> are taking advantage of these opportunities to increase their earnings.<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC price resumes rally | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Shutterstock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A solo Bitcoin miner has struck gold after successfully claiming a $200,000 block reward. The considerable achievement has captured the attention of fellow miners and crypto enthusiasts, highlighting the potential for lone miners to effectively compete with larger mining operations\u00a0 Lone Bitcoin Miner Hits Jackpot On October 28, a software engineer of Bitcoin CGMiner and an admin of Solo Ckpool, Dr. Con Kolivas congratulated a lone Bitcoin miner in an X (formerly Twitter) post for accomplishing a rare milestone by solving the 278th solo block at Solo Ckpool.\u00a0 Related Reading: Crypto Analyst Presents Uniswap\u2019s UNI As The Next Coin Primed For Breakout The lucky miner used 11 PH\/s of hash power to discover block 814,308 and claimed a $200,000 (6.25 BTC) block reward. \u201cCongratulations to miner 3KCykmdpBpNKTtZJAvp3u2N2EQjGzbUF7c with ~11PH for solving the 278th solo block on solo.ckpool,\u201d Dr. Kolivas stated.\u00a0 Presently, large-scale mining operations and pools are dominating the Bitcoin mining industry. When blocks are discovered, these mining companies often share the rewards. In contrast, mining pools like Solo Ckpool offer lone miners a higher level of independence allowing them to earn almost all rewards when they discover a block.\u00a0 This recent solo mining achievement has not been the only accomplishment this year. In August, a solo Bitcoin miner solved block 803,821, claiming 6.25 BTC worth $160,000. Multiple solo miners have also discovered substantial blocks and reaped significant rewards in the last few months.\u00a0 The lure of solo mining pools is growing as many miners are looking to increase their chances of earning large rewards while reclaiming a sense of independence in the competitive Bitcoin mining market.\u00a0 BTC Mining Hashrate On The Rise Bitcoin Hashrate has continued to increase following the recent surge in the value of BTC. Earlier on October 12, the hash rate saw an alarming increase to 456 exahash per second (EH\/s). Following this increase, the hash rate stabilized slightly dropping down to 443 EH\/s sometime on October 28.\u00a0 Related Reading: Bitcoin Bull Market: Crypto Spot Trading Volumes Climb To 8-Month Highs Despite the increased level of mining difficulties, hash rates are rising. Bitcoin hash rate is slightly back up today to 452.63 EH\/s with an estimated difficulty adjustment of 12.78% and network difficulty of 62.46T. The average block time for mining is also approximately 8 minutes and 52 seconds.\u00a0 In the past month, mining hash prices fell to significant lows, depicting the possibility of chain validators experiencing higher mining difficulties and pressure. Now, hash rates are on the rise and Bitcoin miners are taking advantage of these opportunities to increase their earnings. BTC price resumes rally | Source: BTCUSD on Tradingview.com Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":558245,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,467,639,656,1119,87389,89185,85301],"class_list":["post-558241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-block-reward","tag-bitcoin-miners","tag-bitcoin-news","tag-btc","tag-btc-miners","tag-btc-news","tag-solo-bitcoin-miner"],"acf":[],"yoast_head":"\nSolo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It?<\/title>\n<meta name=\"description\" content=\"A solo Bitcoin miner has struck gold and captured the attention of fellow miners after successfully claiming a $200,000 block reward.\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It?","url":"http:\/\/uniquehot.com\/news\/solo-bitcoin-miner-200000-reward\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/solo-bitcoin-miner-200000-reward\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/shutterstock_1996092116-Small.jpeg?resize=200%2C182","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/shutterstock_1996092116-Small.jpeg?fit=320%2C182"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin block reward","bitcoin miners","bitcoin news","btc","btc miners","btc news","solo bitcoin miner"],"dateCreated":"2023-10-30T19:00:31Z","datePublished":"2023-10-30T19:00:31Z","dateModified":"2024-06-11T07:09:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/solo-bitcoin-miner-200000-reward\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/solo-bitcoin-miner-200000-reward\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1996092116-Small.jpeg?resize=200%2C182\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1996092116-Small.jpeg?fit=320%2C182\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin block reward\",\"bitcoin miners\",\"bitcoin news\",\"btc\",\"btc miners\",\"btc news\",\"solo bitcoin miner\"],\"dateCreated\":\"2023-10-30T19:00:31Z\",\"datePublished\":\"2023-10-30T19:00:31Z\",\"dateModified\":\"2024-06-11T07:09:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/shutterstock_1996092116-Small.jpeg?fit=320%2C182","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/558241"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=558241"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/558241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/558245"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=558241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=558241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=558241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}