Many lives have been impacted by the crypto-verse, with positive or negative outcomes. In the midst of all this, one person has grabbed headlines for unlocking a Bitcoin Block and earning a huge bounty worth 3.125 BTC. This accomplishment has been widely acclaimed by the crypto-community because it highlights mining’s unpredictable nature.
Con Kolivas was a software developer who ran ckpool, an individual mining pool. He made waves on social media in April 28 with an revelation At the time, it was estimated that the hash rate at this time was 120 petahashes/second (PH/s). He said that an anonymous miner cracked Bitcoin block 841 286. It was a significant achievement that earned the miner an impressive reward of over $200,000.
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It is rare to find solo mining
It is a rare achievement. It is rare to see solo mining in the cryptoverse. But it’s not uncommon. A mere 282 blocks out of the 841.300 produced since Bitcoin’s inception have been overcome by one person. Each instance, therefore, is an incredible event. own right.
It’s not the first solo miner to bask in the limelight of crypto. Another solo miner was able to collect the 6.25 BTC in March 2023. The only difference is that the market background was different in both cases. Bitcoin’s price was much lower back then.
The timing is crucial. Kolivas says that it was likely the recent halving of Bitcoins which sparked the move to solo mining. This was not driven solely by an increase in returns but rather a simple strategic reaction to ever-changing market dynamics. Bitcoin’s price was $62,203.87, a new low after a daily decline of 2.69%.
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Source: watcher.guru