Miner earns 6.36 BTC on 1 block of Bitcoin as halving approaches

A solo miner mined a single block of Bitcoin and earned 6.36 BTC before the impending halving.

On April 5, a solo miner with an equipment hashrate of 7 PH/s keyed block #837,814 into the blockchain of the first cryptocurrency. According to Mempool, the user received a total of 6.36 BTC, the equivalent of $422,750 at the time of block mining, including a commission of 0.1 BTC.

Source: Mempool

CKPool pool administrator Con Kolyvas noted that the miner has been mining intermittently since the pool’s last restart and has accumulated, on average, about .05% of the shares required to solve a block.

Congratulations to miner 33uUaKyRDWFoKAFPJNp3gjXSd9FRa4Z2GW for solving the 281st solo block solved at https://t.co/UWgBvLkDqc with a hefty 7PH of presumably rented hashrate before the halving! https://t.co/8Ku6dywFWF pic.twitter.com/lS0T8fLeGR

— Dr -ck (@ckpooldev) April 5, 2024

“The miner has contacted me in private. He was mining with his own mining hardware supplemented by intermittent rented hashrate.”

Con Kolyvas, CKPool pool administrator

In October 2023, a solo miner included a block in the Bitcoin network with a hardware power of 11 PH/s. The user received a reward of 6.25 BTC and a commission of 0.09 BTC. In May 2023, another person earned $177,115 by mining a block, receiving a reward of 6.25 BTC and a commission of 0.24 BTC.

At the end of March 2024, the difficulty of mining Bitcoin decreased by 0.97%, with an indicator of 83.13 T. Since the previous value change, the average hashrate for the period was 593.99 EH/s. The range between blocks is 10 minutes and 7 seconds.

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