On Thursday, one Bitcoin miner received a block reward of about $210,000. This proves that so-called Bitcoin mining is not as profitable as it was once thought. “mining lottery” Even if the industrial operators control most of the network, it still pays out.
According to CKPool, the miner connected to CKPool solo found block 943 411 and earned 3,139 BTC as subsidy and transaction fee. data Block Explorer mempool.space.
Solo mining remains rare. Statistics compiled Bennet’s tracker shows that sole mining pools only found 20 Bitcoin.BTCThe longest winning streak was 62.96 BTC over the past 12 months. This is roughly one winner every 18.7 day on average. The longest “drought” Between blocks, it was 58days and the last solo victory came in February.
Bitcoin mining has become more and more competitive. The measure for how difficult it is to locate a block has recently changed. recorded its steepest adjustment since FebruaryThe price of the stock dropped by 7.7%, before rising. 3.87% The hashrate fell in the last 24 hour, which briefly improved miners odds.
Bitcoins are not immune to difficulty
The current difficulty level is near its historic peak, which means that the chances of a single miner finding a block are still extremely low.
Related: Solo Bitcoin miner bags over $200K block reward using rented hashrate
Bitcoin trackers, like CoinWarz have shown that Bitcoin’s difficulty has grown by several orders of magnitude since the beginning of this decade. There are only short downward adjustments as miners shut down unprofitable equipment or redirect machines to other workloads Artificial Intelligence is a good example.
Mining is becoming more profitable for large companies with well-capitalized employees as the difficulty and costs of production increase.
The major Bitcoin mining companies have responded by changing the balance sheet and fleet strategy of their mines, rather than gambling on luck. Riot Platforms sold 3,778 BTC According to an announcement on Thursday, a large number of cryptocurrency miners, and companies, have recently sold Bitcoin, including MARA Holdings, Genius Group You can also find out more about the following: Nakamoto Holdings.
Against this institutional background, the CKPool victory stands out, as a reminder of how individuals, in rare cases, can beat the odds.
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Source: cointelegraph.com
