Solo Miner Strikes Gold With $347,455 Bitcoin Block Reward
A solo Bitcoin miner has defied the percentages to earn a $347,455 block reward, changing into the most recent to win what many locally name the “Bitcoin mining lottery.”
Key Takeaways:
- A solo Bitcoin miner earned $347,455 after independently confirming block 920,440 by means of the Public Pool mining pool.
- The miner ran their very own solo mining pool on an Umbrel server, showcasing Bitcoin’s decentralized ethos.
- The win highlights the rising motion towards small-scale, open-source mining.
According to Bitcoin node infrastructure firm Umbrel, the miner struck fortunate by means of the Public Pool mining pool, efficiently confirming block 920,440 at 7:32 pm UTC on Thursday, information from Mempool.area exhibits.
The miner obtained 3.125 BTC in block rewards plus a further 0.016 BTC in transaction charges.
Solo Miner Wins Block Using Own Pool in Rare Display of Bitcoin Self-Sovereignty
What makes the feat outstanding is that the miner did it totally alone, operating a solo mining pool as an alternative of becoming a member of collective hash swimming pools, the place hundreds of miners mix computing energy.
“No middlemen. No third-parties. Just pure self-sovereignty in motion,” Umbrel mentioned.
The account Bitcoin Bazaar on X added: “A solo block has been mined by a solominer, mining on his personal mining pool, hosted on an Umbrel Server. Total sovereignty. We want extra of this.”
Solo mining has lengthy been seen as an more and more uncommon occasion, given Bitcoin’s huge world hash price dominated by industrial-scale operations.
However, such wins spotlight how even small, impartial miners can nonetheless make an impression, a reminder of Bitcoin’s decentralized roots.
The development coincides with renewed curiosity in pocket-sized Bitcoin miners, like these from Bitaxes, which promote for as little as $155.
While these gadgets contribute solely a fraction of complete hash energy, advocates say they promote decentralization and transparency, providing an alternative choice to the closed-source ASIC miners utilized by main companies.
As the Bitcoin community continues to develop, solo mining stays a logo of particular person sovereignty, the place one fortunate miner can nonetheless compete with the giants and stroll away with a life-changing reward.
US Lawmaker Calls for National Security Probe Into China-Linked Bitcoin Mining Firms
In September, Congressman Zachary Nunn requested the US Treasury to launch a national security review of Chinese companies Bitmain and Cango, citing issues over their increasing presence within the US crypto mining sector.
In a letter despatched to Treasury Secretary Scott Bessent, Nunn pointed to opaque possession buildings, potential state ties, and dangers to nationwide infrastructure as grounds for a Committee on Foreign Investment within the United States (CFIUS) investigation.
Bitmain, which dominates over 80% of the worldwide Bitcoin mining {hardware} market, and Nasdaq-listed Cango have each denied any merger plans.
Still, Nunn raised alarms over their progress methods within the US, advanced financing preparations, and attainable involvement in US power infrastructure.
His issues observe a $300 million tools deal between Bitmain’s US arm and a Trump-linked mining agency.
Both firms have said they adjust to US legal guidelines and haven’t any ties to international governments.
The put up Solo Miner Strikes Gold With $347,455 Bitcoin Block Reward appeared first on Cryptonews.
