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A lone-wolf Bitcoin miner hit the jackpot this day by processing a block on the finest cryptocurrency’s network.
The block contained 4,365 transactions and used to be processed at 12:43pm ET on Wednesday. The miner obtained 3.19 BTC for processing the block—this day price spherical $210,000.
First flagged on X (aka Twitter) on Wednesday by journalist Pete Rizzo, the miner processed block 853,742 of the Bitcoin blockchain.
HISTORY: A $200 at-dwelling #Bitcoin miner actual mined a block price OVER $200,000
They beat once in a lifetime odds 🔥 pic.twitter.com/qE83q2d1cw
— The Bitcoin Historian (@pete_rizzo_) July 24, 2024
Bitcoin miners are desired to course of blocks on the Bitcoin network. Blocks are elephantine of transaction data and are piece of the cryptocurrency’s impenetrable ledger—generally identified as a blockchain.
When blocks are processed, miners are rewarded with newly minted Bitcoins.
Because the Bitcoin network has grown in dimension, it has become more challenging to mine the digital coins.
Miners this day are generally gargantuan operations flee by corporations that possess warehouses elephantine of after all expert pc programs and technicians, the usage of a huge selection of electrical energy to assemble so. Particular individual miners generally be half of mining pools to enhance their odds—but split any reward.
Aloof, very not steadily ever, a single operator can soundless salvage lucky and course of a block at dwelling with a mining machine. While the odds of a solo miner ending a block are said to be increased than 5,000-to-1, that appears to be like to be what came about this day.
Encourage in April, a solo miner also obtained spacious by solving a block and taking dwelling a $218,544 reward.
