A solo miner at NiceHash mined Bitcoin block #928,351 with lower than $100 in rental hashpower. The miner earned a reward of three.152 BTC, which is equal to roughly $271,000.
Mempool statistics on Thursday confirmed that the block has a near-perfect well being rating of 99.96% and whole transaction charges of 0.027 BTC (roughly $2,363). Based on on-chain knowledge, the median block price was roughly 2 sat/vB, with charges starting from 1 to 313 sat/vB.
Solo Bitcoin miner beats odds and wins block
Menpool knowledge revealed We are able to see that there have been 2,806 transactions (-16.56%) within the precise Bitcoin block. The entire price for the block was 0.027 BTC (-6.18%). Based on on-chain knowledge, the block weight was 3.5 MWU (-12.37%).
This block has model 0x20400000, bit 0x1701e63a, nonce 0xcc01ab16, and community issue with Merkle root 45c4235f79f7c8642b4eca86ce7e7c28452374b4fc8f1b64b907e4912c3b626 It was mined in 148,195,306,640,204.7.
On December twelfth, one other solo Bitcoin miner utilizing the alias 1Ng9~VoQz was profitable. mined Official block #927,474. The miner claimed a 3.13 BTC block reward value roughly $288,383.50. The Bitcoin block had 1,117 transactions (-62.99%), block weight was 1.45 MWU (-63.65%), and whole charges have been 0.008 BTC (-8.83%).
In opposition to mathematical odds, Bitcoin miners utilized a hash fee (computing energy) of 270 TH/s. That is roughly 0.00002% of the full processing energy of the Bitcoin community. Based on present Bitcoin mining knowledge, in a setup of this measurement, the chance of fixing a block on any given day is 1 in 30,000.
Ckpooldev, developer of CKPool software program, miner used to mine blocks; commented This incident possible represents the 310th occasion through which a single miner has earned a block reward below these particular monitoring situations.
Just like earlier miners that mined single blocks, 1Ng9~VoQz didn’t distribute mining rewards to different individuals as in a conventional mining pool mannequin. As an alternative, the miner instantly earned the total quantity (minus the two% cost to CKPool).
In November, a platform consumer computed block #924,569 utilizing {hardware} with a hash fee of simply 6 TH/s. CKPool administrator Con Kolivas known as the miner “extremely fortunate.” The chance of a block with this quantity of processing energy being created every day is 1 in 1.2 million.
One other solo Bitcoin miner mined block #920,440 utilizing a public pool platform in October. The miner obtained a reward of three.141 BTC.
Bitcoin mining profitability declines regardless of rising hashrate
Bitcoin (BTC) mining profitability declined for the fourth consecutive month in November, in keeping with a examine revealed by JPMorgan (JPM). Analysts Reginald Smith and Charles Pearce famous that every day block reward gross margins additionally fell 26% from the earlier month.
Based on Glassnode, the worldwide Bitcoin hash fee (30-day shifting common) is roughly 1.1 ZH/s. The present pattern exhibits a rise in the direction of the mid-October report worth of 1.15 ZH/s.
The worldwide Bitcoin hashrate is nearing report ranges set in mid-October. Supply: Glassnode
On November 21, the hash worth reached its lowest level of the yr at round $34 per PH/s per day, which coincided with Bitcoin’s fall to $83,000. Even after the worth of digital gold exceeded $90,000, the mining profitability indicator was restricted to $40 per PH/s every day.
MARA CEO Fred Thiel stated in November that miners have been dealing with tough occasions because of elevated competitors and declining profitability within the mining trade.
The mixed market capitalization of the 14 US-led miners tracked by JPM fell 16% from the earlier month to $59 billion.
JPM revealed that Cypher Mining (CIFR) rose 9%, outperforming the group because of its current acquisition of Fluidstack. Moreover, the JPM report notes that Bitdeer (BTDR)’s efficiency has declined by 40%.
