Solo Miner Earns $200,000 Reward From a Single Bitcoin Block
30.08.2024 12:30 1 min. read Alexander Stefanov
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.
-
1
Michael Saylor’s Strategy Adds $2B in Bitcoin Despite Market Jitters
31.03.2025 21:00 1 min. read -
2
Bitcoin Mining Shifts to Renewables: Coal Usage Drops as Clean Energy Rises
03.04.2025 8:00 2 min. read -
3
As Trump’s Tariffs Unfold, What’s Next for Bitcoin and the Crypto Market?
04.04.2025 20:00 2 min. read -
4
China’s Tariff Retaliation Hits Crypto: Can Bitcoin Stay Resilient?
05.04.2025 20:00 2 min. read -
5
Bitcoin (BTC) Defies Turmoil One Year After Halving
21.04.2025 13:00 2 min. read
Japan’s Metaplanet Ramps Up BTC Strategy, Targets 21,000 Coins
Tokyo-based Metaplanet has continued its aggressive Bitcoin strategy, now holding over $400 million in BTC following its latest acquisition.
Bitcoin Briefly Breaks $87K Barrier as Investors Return
Bitcoin has staged a strong comeback, briefly pushing beyond $87,000 for the first time in weeks as liquidity conditions improve globally and institutional players show signs of renewed appetite, even while concerns around U.S. trade tensions keep broader markets on edge.
Bitcoin (BTC) Defies Turmoil One Year After Halving
Bitcoin has marked one year since its latest halving event, and long-term holders have reason to celebrate.
Swiss Supermarket Rolls Out Lightning-Powered Bitcoin Payments
A supermarket in Zug, Switzerland, has begun accepting Bitcoin payments, adding to the country’s expanding list of crypto-friendly retailers.
-
1
Michael Saylor’s Strategy Adds $2B in Bitcoin Despite Market Jitters
31.03.2025 21:00 1 min. read -
2
Bitcoin Mining Shifts to Renewables: Coal Usage Drops as Clean Energy Rises
03.04.2025 8:00 2 min. read -
3
As Trump’s Tariffs Unfold, What’s Next for Bitcoin and the Crypto Market?
04.04.2025 20:00 2 min. read -
4
China’s Tariff Retaliation Hits Crypto: Can Bitcoin Stay Resilient?
05.04.2025 20:00 2 min. read -
5
Bitcoin (BTC) Defies Turmoil One Year After Halving
21.04.2025 13:00 2 min. read
