An independent Bitcoin (BTC) miner successfully mined a block solo and received a reward of 3.125 bitcoins worth over $300,000. Block number 883,181, mined on February 10th, contained 3,071 transactions. This unidentified miner is not listed on official registries. Marshal Long, a Bitcoin mining figure, stated on network X that this miner used a version of CKPOOL but did not seem to mine directly from this pool. He speculated that the individual may have used a Bitaxe mining device, suitable for both solo and pool mining. Currently, Bitcoin’s hash rate is 788.86 million, a 0.81% decrease from February 9th, but a 53% increase from the previous year. A higher hash rate implies a need for more computational power, increased energy costs, and longer transaction confirmation times, making mining more challenging for independent miners. Independent miners rarely succeed in block mining. Major companies like Bit Digital, Riot Blockchain, and Marathon Digital mine a significant portion of blocks due to their massive processing power. According to the Satoshi Nakamoto whitepaper, the total number of Bitcoins is limited to 21 million, with over 19 million already allocated as mining rewards. This event occurred as the cryptocurrency market is recovering from a temporary dip caused by the announcement of new tariffs by Donald Trump, the President of the United States. Bitcoin has crossed $98,000 again and experienced a 1.10% growth in the past 24 hours. However, it has not yet reached its previous all-time high. On January 20th, before Trump’s inauguration, Bitcoin briefly exceeded $109,000, setting a historical record. Visit the live digital currencies price page to track the real-time prices of all tokens and cryptocurrencies.
