⚡️ Solo Miner Successfully Mines a Bitcoin Block
⚡️ Solo Miner Successfully Mines a Bitcoin Block
Background
Block number 966,351 was mined on the solo network
A miner succeeded after a 40-day gap in solo block mining
Focus
🎯 Received the full reward of 3.14 BTC, worth $244,000
🎰 Winning at solo mining resembles a lottery due to the dominance of large pools
📊 5 large pools still control more than 78% of the network's total hashrate
Implications
✨ More incentive for independent miners to try their luck in solo pools
⚖️ A reminder of the importance of network decentralization and spreading computing power among miners
Conclusion
🎯 This rare success shows small miners still have a chance to earn a full block reward
#Bitcoin #Solo_Mining #Mining #Hash_Rate
Background
Block number 966,351 was mined on the solo network
A miner succeeded after a 40-day gap in solo block mining
Focus
🎯 Received the full reward of 3.14 BTC, worth $244,000
🎰 Winning at solo mining resembles a lottery due to the dominance of large pools
📊 5 large pools still control more than 78% of the network's total hashrate
Implications
✨ More incentive for independent miners to try their luck in solo pools
⚖️ A reminder of the importance of network decentralization and spreading computing power among miners
Conclusion
🎯 This rare success shows small miners still have a chance to earn a full block reward
#Bitcoin #Solo_Mining #Mining #Hash_Rate
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