In an extraordinary achievement, a lone Bitcoin miner has managed to mine a block on the Bitcoin network and secure a reward of 3.275 BTC, equivalent to approximately $200,000.
Blockchain records show that this milestone occurred with the mining of block 858,978 at 19:21, yielding a reward worth $199,094.
The block, which includes 2,391 transactions, underscores the growing difficulty and competitiveness of Bitcoin mining.
Mining involves verifying and processing blocks on the Bitcoin network, contributing to the blockchain—a decentralized and transparent ledger that logs all Bitcoin transactions.
Miners are compensated with newly created Bitcoins for their efforts in maintaining this network.
As Bitcoin’s network has grown and its security measures have strengthened, mining has become increasingly challenging.
The block reward has also diminished, with the most recent halving in April cutting the reward from 6.25 BTC to 3.125 BTC, further intensifying the competition for miners.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.
With U.S. debt now over $36 trillion and the August 2025 ceiling deadline approaching, fears of default are mounting.