In a remarkable feat for the cryptocurrency community, a solo miner has successfully mined Bitcoin block 933,034 on January 20, 2023, earning a substantial reward without the backing of a traditional mining pool. According to the official information, this achievement highlights the potential for individual miners to compete in the ever-evolving landscape of Bitcoin mining.
Miner's Achievement and Total Reward
The miner's achievement resulted in a total reward of 3,131 BTC, showcasing the potential profitability of solo mining despite its inherent challenges. The mined block contained 1,129 transactions, contributing an additional 0.006 BTC in transaction fees, which translates to approximately $562 in extra revenue.
Utilization of Rented Hash Power
Interestingly, the miner utilized hash power rented through NiceHash, incurring a cost of around $90. This event serves as a reminder of the possibilities within the Bitcoin mining landscape. It also underscores the extremely low odds of success for solo miners in the competitive environment.
A recent achievement in solo Bitcoin mining saw a miner successfully earn 316 BTC, highlighting the potential for individual success in a field often dominated by larger pools. For more details, see the full story here.
