Solo miners are achieving full block rewards against the backdrop of rising difficulty and high Bitcoin network hashrate. This article explores recent successes and expert opinions.
Successful Rewards for Solo Miners
As of now, Bitcoin's hashrate stands at around 902 exahashes per second, nearing an all-time high. Despite this, a solo miner recently secured a full reward of 3.125 BTC, worth over $372,000. This isn't an isolated occurrence, as similar successful attempts happened in July, March, and February.
Efficiency of Mining Hardware for Solo Mining
According to Samuel Li, CTO of ASICKey, the successful wins by solo miners can be attributed to the use of modern and efficient hardware. For instance, the KEYMINER A1 consumes only 650 watts while delivering 1,100 TH/s on Bitcoin, allowing for monthly earnings of approximately $1,200.
Reasons for Turning to Solo Mining
Experts indicate that the renewed interest in solo mining stems from varied motivations. Some choose it not for predictable income but for the potential of a substantial reward. Furthermore, there is an ideological motivation growing around the value of decentralization and the ability to operate independently.
The increasing interest in solo mining, along with the successes of individual miners, may indicate healthy competition within the Bitcoin network, supporting the original vision of decentralized participation.
