Solo Miner Strikes Bitcoin Block Again
Date: 2023-11-30 Author: Dima Zakharov Categories: BLOCKCHAIN, IN WORLD
Bitcoin Blockchain Achievement
On November 26th, the cryptocurrency world witnessed another solo mining feat as an individual miner, equipped with a 2 PH/s hashing power, validated block #818,588 within the Bitcoin blockchain. The announcement came from CKPool's administrator, Kon Kolivas, heralding the accomplishment within the cryptocurrency community.
Reward and Network Strength
As per BTC.com, this solo miner was rewarded with 6.25 BTC, equivalent to $230,954 at the time of the news. Meanwhile, Glassnode data indicated that the overall computational power of the network at that moment reached 499.3 EH/s, based on a smoothed seven-day moving average.
Previous Instances and Network Dynamics
This event follows a similar occurrence in October when another solo miner activated a block within the Bitcoin network, boasting equipment with an 11 PH/s capacity. Earlier instances include a user with a mere 10 TH/s hash rate managing to mine a Bitcoin block, contributing a fractionally small percentage of 0.000000036% to the network's computational power.
Mining Difficulty and Performance
In a recent recalibration on November 26th, Bitcoin's mining difficulty surged by 5%, reaching a peak of 67.96 T, accentuating the ongoing dynamics within the mining landscape.
