An independent miner has successfully solved a cryptographic puzzle to verify transactions and add a new block to the Bitcoin blockchain. The miner mined block number 883,181, for which he received a reward of 3.125 BTC, worth $310,000.
Crypto journalist Pete Rizzo tweeted that the miner processed a block containing 3,071 transactions. In addition to the main reward, the solo miner received an additional 0.033 BTC in transaction fees. This brought the total profit to 3,158 BTC.
The solo miner was working independently, without the involvement of a major mining company. However, what equipment he used remains unknown. In the comments to Rizzo’s tweet, some users speculated that the solo miner may have used a $200 BitAXE home mining device. Others speculated that he may have been working with CKPool, a mining pool that allows individuals to mine cryptocurrency without relying on a large company.
According to Bits.media , on February 12, the average hash rate of the Bitcoin network was 706.4 exahashes per second (EH/s). With this rate, the chances of individual miners adding a block to the blockchain are extremely low. Most Bitcoin blocks are generated by large mining companies with expensive equipment. However, in rare cases, individuals can get lucky.
Last September, a solo miner also received a reward of 3.169 BTC for successfully mining a Bitcoin block. At that time, these coins were valued at $181,147. In August, an independent miner was able to earn 3.27 BTC worth $199,094.
