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Home DeFi Metaverse

One Solo Bitcoin Miner Earns $200K – Metaverseplanet.net

MetaversePlanet by MetaversePlanet
September 2, 2024
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One Solo Bitcoin Miner Earns 0K – Metaverseplanet.net
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A solo Bitcoin miner earned $200,000 by independently mining block 858,978. The dream of many in the mining community is to successfully mine a block on their own and claim the reward. In simple terms, the Bitcoin ecosystem can be compared to a large classroom.

Here, students calculate Bitcoin transactions within each block and then solve a mathematical problem using their calculators. In this classroom, with millions of students, large “pools” consisting of thousands of students solve most of the blocks and distribute the rewards among their members. It is quite rare for a single student to solve the problem on their own before anyone else.

A similar scenario occurred in Bitcoin mining, as revealed by blockchain data. Block 858,978 was solved by a solo miner. This block contained 2,391 cryptocurrency transactions. The fortunate miner was rewarded with 3.275 BTC for their efforts, which is approximately $200,000 at the current exchange rate.

He had to spend 4 months for a block

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Tags: 200KBitcoinEarnsMetaverseplanet.netMinerSolo
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