Search results for "SOLO"

An independent miner single-handedly mined a block reward of 6.25 BTC, worth approximately 250,000 US dollars.

According to ChainCatcher news, Coinpedia reported that an independent miner successfully mined a complete Bitcoin block alone, receiving a block reward of 6.25 BTC, which is approximately valued at 250,000 USD at current prices. This miner completed the block mining through Solo Mining, without relying on a mining pool. Compared to traditional mining pool mining, solo mining requires stronger computing power support and a higher technical threshold.
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PANews reported on April 29 that Con Kolivas, software engineer and administrator of the independent mining pool ckpool, tweeted that a miner mined the 282nd independent block (solo block in Bitcoin history. Miner's Computing Power at the time was about 120PH, which is equivalent to about 0.12 EH, and an average of about 12 PH a week, accounting for about 0.02% of the total network's hashrate. The Block Reward of 841,286 Block was 3.125 BTC, which means that it was worth about $200,000 at BTC prices at the time.