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$BTC Dominance Update: BTC dominance is forming a falling wedge pattern. A breakout could mean BTC finding support and rallying, while altcoins might face downward pressure initially. #BTC #Dominance #CryptoTrading 📈🔥

$BTC Dominance Update:

BTC dominance is forming a falling wedge pattern. A breakout could mean BTC finding support and rallying, while altcoins might face downward pressure initially.

#BTC #Dominance #CryptoTrading 📈🔥

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🎉🚀 Incredible Achievement in Bitcoin Mining! 🚀🎉 A big shoutout to the Bitcoin miner who recently solved block 841,286 independently, securing a full 3.125 BTC reward! This remarkable feat occurred after Bitcoin's fourth halving on April 20, reducing the block reward from 6.25 BTC to 3.125 BTC, now valued at approximately $200,000. 💰💰 Software engineer Con Kolivas revealed that this was only the 282nd solo block solved in Bitcoin's history, making it an incredibly rare accomplishment! 🎯 The miner boasted an impressive hash rate of around 120PH at the time, equivalent to approximately 0.12 EH, with an average of about 12PH over a week. This hash rate represented roughly 0.02% of the total network hash rate. 🚀🚀 Solo block mining is akin to winning the lottery, and out of the approximately 841,300 blocks produced since Bitcoin's inception, only 282 instances of solo block mining have been recorded. 🏆🏆 With the increasing price of Bitcoin, mining has become more popular, leading to heightened competitiveness and an uptick in hash rate. This has made solo block mining nearly impossible due to the intense competition. 🏁🏁 In March 2023, a solo miner secured the entire 6.25 BTC reward for solving a block. However, with Bitcoin prices considerably lower at the time, the reward was valued at around $150,000. The most recent solo block was mined on April 5, with the reward valued at approximately $422,750 at the time. 📈📈 The current average network hash rate stands at 618 EH/s, reaching an all-time high of 728 EH/s on April 23. This represents an increase of more than 90% over the past 12 months, highlighting the exceptional nature of this latest solo mining achievement. 🌟🌟 #BitcoinMining #CryptoAchievement
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