A solo Bitcoin miner has change into the newest fortunate individual to win the “Bitcoin mining lottery,” pocketing a $347,455 block reward.
Bitcoin node infrastructure firm Umbrel stated the solo miner received the block through the Public Pool Bitcoin mining pool — incomes the three.125 Bitcoin (BTC) block reward and a 0.016 BTC transaction charge on prime.
It happened at block top 920,440, on Thursday at 7:32pm UTC, Mempool.area information exhibits.
Whereas solo Bitcoin miners successful blocks isn’t unusual, this one was extra spectacular because the miner secured the block totally on their very own by operating a solo mining pool versus the extra frequent follow of pooling hash energy with others.
“No middlemen. No third-parties. Simply pure self-sovereignty in motion,” Umbrel stated, whereas the Bitcoin Bazaar X account added:
“A solo block has been mined by a solominer, mining on his personal mining pool, hosted on an Umbrel Server. Whole sovereignty. We’d like extra of this.”
Supply: Matthias
Solo Bitcoin mining is a win for decentralization
The rise in solo Bitcoin miners fixing blocks is an efficient factor for Bitcoin’s decentralization because it offers smaller miners a greater likelihood to compete in opposition to the big industrial-scale miners, a lot of that are publicly traded.
Pocket-sized Bitcoin miners are nonetheless cheaper than iPhones
It comes amid an increase in smaller-sized Bitcoin miners, comparable to Bitaxes in recent times, which promote from $155 to over $600, relying on the machine’s terahash-per-second capability.
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Whereas the pocket-sized machines mixed solely contribute a small increase to Bitcoin’s hash fee, many of those machines have been open-sourced to struggle the “secrecy and exclusivity” of bigger Bitcoin miners, which usually use the closed-sourced Bitcoin ASICs, a BitMaker spokesperson informed Cointelegraph in 2023.
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