2024 Bitcoin Halving | Bilal Ashraf on Binance Square

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2024 Bitcoin Halving 

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Bitcoin miner solves block alone, grabs $180,000 reward 🤯 A Bitcoin miner has achieved the rare feat of processing a block on their own, which netted a payday of around $180,000. Block 860749, mined on Sept. 10, contained 5,935 transactions with a reward of ‎3.169 Bitcoin BTC$57,816 worth around $182,505 given to the mining pool Solo CK, according to Bitcoin block explorer Mempool.space. Despite its name, Solo CK is a mining pool combining the hashrate of multiple smaller miners — but it only distributes the reward to the one responsible for solving the block. In this case, the successful miner used 629 petahashes worth of hashrate when the block was solved, a tiny 0.098% of the total power securing the blockchain, which clocked in at 644.91 exahashes per second (EH/s), data from Bitcoin transaction tracker YCharts shows. The Bitcoin hashrate recently hit a new all-time high of 742 EH/s on Sept. 1, jumping 62% from a year ago when the hashrate was 395.70 EH/s. A higher hashrate requires miners to use more computing power, increases energy costs, and increases verification and transaction times, making it challenging for solo miners to validate a block successfully. A solo miner has solved a block only 290 times out of the 859,000 blocks produced since Bitcoin went live in 2009. Large mining firms such as Bit Digital, Riot Blockchain and Marathon Digital generally validate the most blocks as they each command massive amounts of hash power. The Solo CK pool has been responsible for solving another 14 other blocks in the last year, receiving 59.3 Bitcoin for the effort, currently worth $3.4 million. A miner from the Solo CK pool also processed a block on Aug. 30, earning the miner nearly $200,000. Another solo miner from Solo CK also hit the jackpot after they solved block 853,742, netting a reward of around $210,000 on July 25.

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Just casted my vote. $BTC $ETH $BNB

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Peter Schiff says his wife owns #Bitcoin

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Bitcoin is the answer....

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