Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Related Posts
A solo miner successfully mined block #936100 in the Bitcoin network, earning a reward of 3.153 BTC (approximately $213,000). Of this total, 0.028 BTC was attributed to transaction fees, as reported by the AtlasPool mining pool.
The miner rented 450 PH/s of computational power for a duration of 90 minutes and managed to discover a block containing 3,278 transactions. According to AtlasPool’s estimates, the likelihood of such an outcome was merely 0.4485%.
The company noted that such occurrences are infrequent, as most network participants prefer to combine their resources into larger pools. This approach enables more predictable payouts.
Solo miners operating outside of pools face significantly lower chances of independently mining a block. However, in the event of success, they receive the entire reward, which includes both the block reward and transaction fees, without the need to share it with other pool members.
The rise in the number of solo miners positively impacts the decentralization of the Bitcoin network, providing them with an opportunity to compete against larger miners of the leading cryptocurrency, according to AtlasPool.
Previously, experts from the crypto asset management hedge fund Capriole Investments stated that in January, the average costs for mining companies to extract one Bitcoin reached $74,300.
