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Fear & Greed:
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Bitcoin:
$ 62.698
BTC Dominance:
% 53.4
Market Cap:
$2.29 T

Individual Bitcoin Miner Hits 1 in 5000 Chance: Wins $220,000

Bitcoin Bitfarms

Approximately 10 days after the halving halved miner rewards, an individual miner found the block alone and managed to win both the reward and all transaction fees. The miner earned nearly $220,000.

Despite their decreasing numbers, individual miners still manage to find blocks on their own from time to time. Last night, a miner who found the 841,286th block managed to win the 3.125 BTC mining reward along with transaction fees.

This individual miner, who managed to earn a total of 3.43 BTC, had an income of over $218,000 in dollars. According to information from Bitcoin data site Mempool, this person, who uses individual mining software from the CKpool pool, had a very low chance. The hash rate of the individual miner was 120 PH per second. Considering that the total hash rate power of the Bitcoin network is 638 exahash per second, the miner’s chance of finding the block alone was even lower than 1 in 5000.

Of course, this person is not the first to hit this 0.02% lottery. In the past, many times individual miners have been seen to find blocks on their own. Even before the halving, a miner found a block on its own on April 5th and earned $422,000.

As is known, the halving, where Bitcoin mining rewards were halved, took place on the 840,000th block on April 20. The ViaBTC mining pool was the first to find the block and sold the first satoshi of the first Bitcoin it earned from there for $2.1 million last week.

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