Solo Bitcoin Miner touches the jackpot and scored $ 266k reward

A solo Bitcoin Miner started the jackpot in the beginning of Friday, mines a block without a pool of supporting miners and packing a reward of $ 266,000 in the process. But how realistic is such an achievement?

On Friday, an unknown miner Bitcoin processed Block 888.737. The block contained 2,327 transactions and the miner received a payment of 3,125 BTC, as well as 0.032 BTC in reimbursements.

Bee Today’s Bitcoin price From $ 84,257 per coin, that is a payment day of more than $ 266,000.

Bitcoin Miners Work to process blocks on the network of the cryptocurrency. Blocks are full of transaction data and are part of the Bitcoin blockchain.

Miners get newly beaten coins: A 3,125 BTC fixed rewardTogether with the transaction costs paid by those who use the payment system during that specific block window.

As the network has grown, mining activities have become more energy-intensive and they are now usually industrial setups consisting of warehouses full of machines.

But occasionally a solo miner worker can score large with the help of a hobby machine for home. In this case, according to blockchain data, the miner used a DIY Futurebit Apollo machine.

However, experts told Decrypt That things may not be as simple as they sound: “solo mining”, per blockchain jargon, refers technically to a miner who is not in one mining pool. Polish are groups of crypto -miners who share their resources, so that they have a better chance of processing a transaction. But they also share the reward.

“The term ‘Solo Miner’ is a really broad term,” said pseudonymous Bitcoin Miner Econoalchemist Decrypt. “It can just be a guy in his apartment, or a warehouse full of powerful miners.”

Ultimately, this means that a “solo -miner” can have a room full of hobby miners, all enabled and work to secure a transaction. Such an operation would not necessarily be that simple – or cheap – to set up, although it would give the miner a better chance to get a block gain.

Still, with solo -my workers who have achieved countless block profits in recent months, the news from Friday can encourage more bitcoiners to try to go home.

Edited by Andrew Hayward