In today’s mining ecosystem dominated by large corporations, anonymous miners mining alone on the Bitcoin network have generated enormous wealth.
The miner in question successfully processed a block on the Bitcoin blockchain and received a reward of over $300,000.
According to Mempool records, which track blockchain data, the block processed was block number 932,373 on the Bitcoin chain. Including transaction fees, the miner’s revenue amounted to $3,157. BTC.
Considering that Bitcoin is trading at $96,199, the total reward amounts to approximately $304,814.
The term “solo miner” refers to an individual or independent operation that operates without affiliation to a large mining pool. These miners compete with large data centers and corporate players with high computing power. However, some individual miners are emerging victorious in this cutthroat competition, as seen in recent examples frequently shared on social media.
On the other hand, note that this miner listed as “unknown” in Menpur’s data does not necessarily mean that it is small-scale. According to experts, even a lone miner may have invested in expensive and powerful equipment.
Bitcoin miners earn a fixed reward of 3,125 BTC For each block processed, there is also a fee charged for the transaction sent to the network. However, Bitcoin price fluctuations and rising costs are making profitability difficult for many mining companies. As a result, some large operations are starting to shift resources toward artificial intelligence and high-performance computing (HPC).
*This is not investment advice.
