By Stacy Jones
2 min read
Lightning struck twice this week for solo Bitcoin miners, with each of them earning roughly $300,000 worth of BTC.
Early Thursday morning, a solo miner landed a 3.157 BTC reward (including fees), worth roughly $304,000 at the time it was paid.
This was preceded by another solo miner successfully mining a block on Tuesday and earning a payout valued at $295,000. Instead, each miner received the full payout, a rare outcome given the dominance of large, industrial-scale mining operations.
The Bitcoin mempool is dominated by Foundry USA, AntPool, and F2Pool, which collectively account for nearly 57% of all blocks that have been mined.
Bitcoin mining is the process by which transactions are confirmed and added to the blockchain, the public ledger that underpins the network. Miners compete to solve a cryptographic puzzle using specialized computers, and the first to find a valid solution earns the right to add the next block of transactions—along with the associated block reward and transaction fees.
The process is probabilistic, meaning miners with more computing power have better odds, but outcomes are ultimately determined by chance.
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