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Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC
Trending
A Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, according to an X post from Bitcoin mining device retailer Altair Technology. The block is worth approximately $206,000 based on the current Bitcoin price.
“Congratulations to the miner who likely mined the first solo BTC block with a Bitaxe on @ckpooldev with ~500 Gh hashrate!” the post stated.
The device, called a “Bitaxe,” and produced by D-Central Technologies, is approximately the size of a human hand, as shown by YouTube channel “How Much?”
The device was reportedly connected to node infrastructure service Solo CKPool when it successfully mined the block. On CKPool’s website, it describes itself as “a service to allow miners to mine solo as you cannot mine directly to a bitcoin core node[.]” The service claims that it is “NOT a pool despite its name.”
Blockchain data shows that Bitcoin block number 853742, mined at 11:43 am UTC on July 24, produced by this “pool.” According to Altair, it was this block that was mined by the 500 Gh/s Bitaxe device.
The current total hash power of the Bitcoin network is 552.49 Exahashes per second (Eh/s), according to Bitcoin analytics platform CoinWarz. This is equivalent to 552,490,000,000 Gh/s or approximately 1.1 billion times the power of the Bitaxe device that mined this block. This implies that roughly every ten minutes, the device has a 1 out of 1.1 billion chance of mining a block.
Bitcoin miners consume electricity even if they do not successfully mine a block, which operators must pay for out of their own funds. For this reason, solo Bitcoin mining is often compared to a lottery. But for this particular solo miner, the decision to participate appears to have paid off.
A solo Bitcoin miner also mined a block in April. However, that operator used a device with a power of 120 petahashes per second (Ph/s) or 120,000,000 Gh/s, which is 240 times the processing power of the Bitaxe.
Most Bitcoin mining operators pool their hash power with other operators and equally distribute the rewards from the pool based on the amount of hash power contributed by each operator. But some Bitcoin enthusiasts worry that this practice is leading to the centralization of the Bitcoin network and champion solo mining as a possible alternative.
Magazine: THORChain founder and his plan to ‘vampire attack’ all of DeFi
Trending
A Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, according to an X post from Bitcoin mining device retailer Altair Technology. The block is worth approximately $206,000 based on the current Bitcoin price.
“Congratulations to the miner who likely mined the first solo BTC block with a Bitaxe on @ckpooldev with ~500 Gh hashrate!” the post stated.
The device, called a “Bitaxe,” and produced by D-Central Technologies, is approximately the size of a human hand, as shown by YouTube channel “How Much?”
The device was reportedly connected to node infrastructure service Solo CKPool when it successfully mined the block. On CKPool’s website, it describes itself as “a service to allow miners to mine solo as you cannot mine directly to a bitcoin core node[.]” The service claims that it is “NOT a pool despite its name.”
Blockchain data shows that Bitcoin block number 853742, mined at 11:43 am UTC on July 24, produced by this “pool.” According to Altair, it was this block that was mined by the 500 Gh/s Bitaxe device.
The current total hash power of the Bitcoin network is 552.49 Exahashes per second (Eh/s), according to Bitcoin analytics platform CoinWarz. This is equivalent to 552,490,000,000 Gh/s or approximately 1.1 billion times the power of the Bitaxe device that mined this block. This implies that roughly every ten minutes, the device has a 1 out of 1.1 billion chance of mining a block.
Bitcoin miners consume electricity even if they do not successfully mine a block, which operators must pay for out of their own funds. For this reason, solo Bitcoin mining is often compared to a lottery. But for this particular solo miner, the decision to participate appears to have paid off.
A solo Bitcoin miner also mined a block in April. However, that operator used a device with a power of 120 petahashes per second (Ph/s) or 120,000,000 Gh/s, which is 240 times the processing power of the Bitaxe.
Most Bitcoin mining operators pool their hash power with other operators and equally distribute the rewards from the pool based on the amount of hash power contributed by each operator. But some Bitcoin enthusiasts worry that this practice is leading to the centralization of the Bitcoin network and champion solo mining as a possible alternative.
Magazine: THORChain founder and his plan to ‘vampire attack’ all of DeFi
Shiba Inu experienced a dump last night but managed to hold its position at 0.000035. As for the next price prediction, here are some insights:
Crypto analysts expect that at the end of summer 2023, the SHIB price will be around $0.0000233.
In August 2024, the Shiba Inu cost may drop to a minimum.
The Shiba Inu price has recently rocketed by 60%, reaching $0.00004137.
Finders expect Shiba Inu's value to ascend this year and be worth $0.00004930 to close out 2025.
Please note that thepredictions are speculative and subject to various factors. #SHIB #Write2Earn #trendNtell
#TrendingTopic #SHIBA✅🚀
Crypto analysts expect that at the end of summer 2023, the SHIB price will be around $0.0000233.
In August 2024, the Shiba Inu cost may drop to a minimum.
The Shiba Inu price has recently rocketed by 60%, reaching $0.00004137.
Finders expect Shiba Inu's value to ascend this year and be worth $0.00004930 to close out 2025.
Please note that thepredictions are speculative and subject to various factors. #SHIB #Write2Earn #trendNtell
#TrendingTopic #SHIBA✅🚀
binance is best platform in the world
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #BinanceTurns7 #US_Job_Market_Slowdown
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #BinanceTurns7 #US_Job_Market_Slowdown
How it will play out:
1. bitcoin Halving in 38 days
2. Retail and Wall Street gets FOMO
3. BTC flips gold
4. Small countries starts to print
5. BTC flips bonds
6. Large countries starts to print
7. BTC flips equity
8. BTC flips real estate
9. BTC becomes global currency
#HotTrends #NEAR #ETHFI #write2earn #bitcoin
1. bitcoin Halving in 38 days
2. Retail and Wall Street gets FOMO
3. BTC flips gold
4. Small countries starts to print
5. BTC flips bonds
6. Large countries starts to print
7. BTC flips equity
8. BTC flips real estate
9. BTC becomes global currency
#HotTrends #NEAR #ETHFI #write2earn #bitcoin
🚀🌕 If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Crypto, Here's How Much You'd Have Today! 🌕🚀
Are you ready to dive into the world of crypto and witness some mind-blowing returns? 🤑📈 Well, buckle up because we're about to take you on a wild ride with Dogecoin and Elon Musk! 🐕🚀
📅 Flashback to July 17, 2020: Elon Musk, the genius behind Tesla and SpaceX, shared a meme of Dogecoin passing the global financial system with the caption, "It's inevitable." 🌍💥 And boy, was he right!
💰 Fast forward to today: If you had the foresight to invest $100 in Dogecoin when Musk first tweeted about it, you'd be sitting on a whopping 39,185 DOGE, valued at $3,299.38! 😱🤯 That's a jaw-dropping hypothetical return of 3,199.4%! 💸💸
📈 But wait, there's more! If you caught Dogecoin at its highest price of $0.003084 on that memorable day, your $100 investment would have grown to $2,730.19, representing a phenomenal return of 2,630.2%! 🚀🔥
🌟 And if you were lucky enough to ride the Dogecoin rocket to its all-time high of $0.7376 in May 2021, those initial $100 investments would have skyrocketed to a mind-blowing $28,902.86 and $23,916.68 respectively! 🚀🌕
💡 So, what's the takeaway? Dogecoin isn't just a meme anymore – it's a force to be reckoned with in the crypto world, and Elon Musk's tweets have proven to be a catalyst for astronomical gains! 🚀🌟
👍 Don't forget to like, follow, and tip if you're ready to join the Dogecoin revolution and turn $100 into a fortune! 💰🐕 #TrendingTopic #Aevo #BTC #Write2Earn #EOS
Are you ready to dive into the world of crypto and witness some mind-blowing returns? 🤑📈 Well, buckle up because we're about to take you on a wild ride with Dogecoin and Elon Musk! 🐕🚀
📅 Flashback to July 17, 2020: Elon Musk, the genius behind Tesla and SpaceX, shared a meme of Dogecoin passing the global financial system with the caption, "It's inevitable." 🌍💥 And boy, was he right!
💰 Fast forward to today: If you had the foresight to invest $100 in Dogecoin when Musk first tweeted about it, you'd be sitting on a whopping 39,185 DOGE, valued at $3,299.38! 😱🤯 That's a jaw-dropping hypothetical return of 3,199.4%! 💸💸
📈 But wait, there's more! If you caught Dogecoin at its highest price of $0.003084 on that memorable day, your $100 investment would have grown to $2,730.19, representing a phenomenal return of 2,630.2%! 🚀🔥
🌟 And if you were lucky enough to ride the Dogecoin rocket to its all-time high of $0.7376 in May 2021, those initial $100 investments would have skyrocketed to a mind-blowing $28,902.86 and $23,916.68 respectively! 🚀🌕
💡 So, what's the takeaway? Dogecoin isn't just a meme anymore – it's a force to be reckoned with in the crypto world, and Elon Musk's tweets have proven to be a catalyst for astronomical gains! 🚀🌟
👍 Don't forget to like, follow, and tip if you're ready to join the Dogecoin revolution and turn $100 into a fortune! 💰🐕 #TrendingTopic #Aevo #BTC #Write2Earn #EOS
#SHIB Is valuable long-term investment is based on the anticipation that its value will rise from its current price of 0.0000040 to $1 within 1 to 2 years.
🎉 This projection is fueled by the support of the large SHIB community, known as the ShibArmy, and the influence of online personalities driving up the price.
🎆Notably, SHIB's Twitter account boasts 2.2 million followers, surpassing other top cryptocurrencies like Solana, Cardano, and Ethereum.
🎆Despite its immense price surge of over 27,000,000% from January to October 2021, SHIB has been historically viewed as a pump and dump coin due to the perceived lack of real-world utility.
🎆The official website, however, describes SHIB as a "Decentralized Meme Token that Evolved into a Vibrant Ecosystem," emphasizing its connection to the crypto community through the popularity of the Shiba Inu dog breed.
🎆Investors should be cautious, considering both the speculative nature of meme tokens and the need for the coin to demonstrate tangible utility for sustained long-term growth.
#TrendingTopic #WIF #BTC #ETH
🎉 This projection is fueled by the support of the large SHIB community, known as the ShibArmy, and the influence of online personalities driving up the price.
🎆Notably, SHIB's Twitter account boasts 2.2 million followers, surpassing other top cryptocurrencies like Solana, Cardano, and Ethereum.
🎆Despite its immense price surge of over 27,000,000% from January to October 2021, SHIB has been historically viewed as a pump and dump coin due to the perceived lack of real-world utility.
🎆The official website, however, describes SHIB as a "Decentralized Meme Token that Evolved into a Vibrant Ecosystem," emphasizing its connection to the crypto community through the popularity of the Shiba Inu dog breed.
🎆Investors should be cautious, considering both the speculative nature of meme tokens and the need for the coin to demonstrate tangible utility for sustained long-term growth.
#TrendingTopic #WIF #BTC #ETH
$Will Shiba Inu go to $1?
First, let's examine its fundamental aspects.
- Date: 05-03-2024
- Rank: No.10
- Market Cap: $25.34B
- Fully Diluted Market Cap: $25.35B
- Market Dominance: 1.01%
- Circulation Supply: 589.29T
- Total Supply: 589.53T
- Max Supply: Not Mentioned
- All Time High: $0.000088450814267 (2021-10-28)
- All Time Low: $0.000000000081646 (2020-09-01)
Here we see $SHIB is max Supply is not mentioned, which is a negative point, but Total Supply: 589.29T and Market Cap: $25.34B.
So, per Shiba price: ($25.34B ÷ 589.29T) = $0.0000430008993873.
If Shiba were to reach $1, its market cap would need to be $589.29 trillion, which is never possible because we know the total market cap of the crypto market is $2.52 trillion.
On the other hand, if the supply of Shiba is reduced from 589.29 trillion Shiba to $25.35 billion Shiba, equal to the current market cap of Shiba, then Shiba would reach $1, but we know this is never possible 😐
However, 70% of the base transaction fees paid on the Shibarium layer 2 network are used to burn Shiba.
In January 2024, Shiba Inu burned 9.9 billion Shib.
So, if 25.35 billion $SHIB is worth $25.35 billion, then each Shiba is worth $1.
To achieve this, (589.29T - 25.35B) = 589.26465T Shiba should burn.
If Shiba burns 9.9 billion Shiba every month, then (589.26465T ÷ 9.9B) = 59,521 months are needed to burn 589.26465T Shiba.
Converting this to years, (59,521 months ÷ 12 months) = 4,960 years are needed to burn 589.26465T Shiba.
So it's impossible to reach $1 😪
But you can hold your Shiba to grow your funds 🚀🔥 because the Shiba Inu team is burning their coins aggressively.
Thank you, guys 🙏
Follow for more and don't forget to like and comment.
#SHIBA_INU #SHIB/𝗨𝗦𝗗𝗧 #SHIBA✅🚀
#TrendingTopic
#binance
First, let's examine its fundamental aspects.
- Date: 05-03-2024
- Rank: No.10
- Market Cap: $25.34B
- Fully Diluted Market Cap: $25.35B
- Market Dominance: 1.01%
- Circulation Supply: 589.29T
- Total Supply: 589.53T
- Max Supply: Not Mentioned
- All Time High: $0.000088450814267 (2021-10-28)
- All Time Low: $0.000000000081646 (2020-09-01)
Here we see $SHIB is max Supply is not mentioned, which is a negative point, but Total Supply: 589.29T and Market Cap: $25.34B.
So, per Shiba price: ($25.34B ÷ 589.29T) = $0.0000430008993873.
If Shiba were to reach $1, its market cap would need to be $589.29 trillion, which is never possible because we know the total market cap of the crypto market is $2.52 trillion.
On the other hand, if the supply of Shiba is reduced from 589.29 trillion Shiba to $25.35 billion Shiba, equal to the current market cap of Shiba, then Shiba would reach $1, but we know this is never possible 😐
However, 70% of the base transaction fees paid on the Shibarium layer 2 network are used to burn Shiba.
In January 2024, Shiba Inu burned 9.9 billion Shib.
So, if 25.35 billion $SHIB is worth $25.35 billion, then each Shiba is worth $1.
To achieve this, (589.29T - 25.35B) = 589.26465T Shiba should burn.
If Shiba burns 9.9 billion Shiba every month, then (589.26465T ÷ 9.9B) = 59,521 months are needed to burn 589.26465T Shiba.
Converting this to years, (59,521 months ÷ 12 months) = 4,960 years are needed to burn 589.26465T Shiba.
So it's impossible to reach $1 😪
But you can hold your Shiba to grow your funds 🚀🔥 because the Shiba Inu team is burning their coins aggressively.
Thank you, guys 🙏
Follow for more and don't forget to like and comment.
#SHIBA_INU #SHIB/𝗨𝗦𝗗𝗧 #SHIBA✅🚀
#TrendingTopic
#binance
To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance will open trading for the AGIX/FDUSD, AR/TRY, DOGE/USDC, PEPE/USDC, SHIB/USDC and THETA/FDUSD spot trading pairs at 2024-03-07 08:00 (UTC).
In addition, Binance will enable Trading Bots services for the following trading pairs at 2024-03-07 08:00 (UTC).
Spot Grid, Spot DCA & Rebalancing Bot: AXL/USDT, DOGE/FDUSD, PORTAL/USDT
Spot Algo Orders: AGIX/FDUSD, AR/TRY, DOGE/USDC, PEPE/USDC, SHIB/USDC, THETA/FDUSD
#TrendingTopic #write2earn
In addition, Binance will enable Trading Bots services for the following trading pairs at 2024-03-07 08:00 (UTC).
Spot Grid, Spot DCA & Rebalancing Bot: AXL/USDT, DOGE/FDUSD, PORTAL/USDT
Spot Algo Orders: AGIX/FDUSD, AR/TRY, DOGE/USDC, PEPE/USDC, SHIB/USDC, THETA/FDUSD
#TrendingTopic #write2earn
Top Meme Coins WIF, PEPE, SHIB, FLOKI, and BONK Skyrocket Triple Digits
DOGE sees an increase of 70% over the week, a modest rise compared to its meme token counterparts.
Despite Bitcoin's slight decline to just under $62,000, meme tokens have stolen the spotlight with astonishingly high returns, with Dogwifhat (WIF) spearheading the trend.
Though there was a minor drop in the total cryptocurrency market value in 24 hours, it has surged by over $100 billion within the week.
With renewed vigor, the crypto bull market charges ahead as previously under-the-radar assets amass significant value. Dogecoin, the original meme token icon, reenters the top 10 largest cryptocurrencies with a 70% increase, nearing $0.14.
Shiba Inu, a fierce DOGE competitor, outshines with an impressive 130% weekly increase. To understand the reasons behind its rise, one can explore further details.
While BONK also doubles in value over the week, PEPE, FLOKI, and particularly WIF have seen even more dramatic rises.
PEPE soars by 240%, reaching a several-month high, while FLOKI climbs back into the top 100 after a 270% weekly leap, and WIF continuously hits new all-time highs, inflating nearly 400% in a week, with its price approaching $1.7.
The entire cryptocurrency market displays remarkable gains over the week as noted in the attached graph, accounting for a $120 billion increase in market cap since the previous Sunday.
Bitcoin ended February on a high note with an unprecedented rise from $42,000 to $64,000, before settling at $62,000.
In just one week, Bitcoin saw a significant rally from $51,000 to almost reach its historic peak, yet it has recently struggled to cross the $62,000 threshold. Bitcoin's market capitalization maintains a stronghold above $1.2 trillion despite a small pullback, ranking it among the top 10 financial assets by market cap. Nevertheless, its dominance has diminished slightly by more than 1% and is now just below 50% according to CoinGecko.
#MemeCoinKing #Skyrockets #SHIBA✅🚀 🚀 #BONK ❓ #PEPE
DOGE sees an increase of 70% over the week, a modest rise compared to its meme token counterparts.
Despite Bitcoin's slight decline to just under $62,000, meme tokens have stolen the spotlight with astonishingly high returns, with Dogwifhat (WIF) spearheading the trend.
Though there was a minor drop in the total cryptocurrency market value in 24 hours, it has surged by over $100 billion within the week.
With renewed vigor, the crypto bull market charges ahead as previously under-the-radar assets amass significant value. Dogecoin, the original meme token icon, reenters the top 10 largest cryptocurrencies with a 70% increase, nearing $0.14.
Shiba Inu, a fierce DOGE competitor, outshines with an impressive 130% weekly increase. To understand the reasons behind its rise, one can explore further details.
While BONK also doubles in value over the week, PEPE, FLOKI, and particularly WIF have seen even more dramatic rises.
PEPE soars by 240%, reaching a several-month high, while FLOKI climbs back into the top 100 after a 270% weekly leap, and WIF continuously hits new all-time highs, inflating nearly 400% in a week, with its price approaching $1.7.
The entire cryptocurrency market displays remarkable gains over the week as noted in the attached graph, accounting for a $120 billion increase in market cap since the previous Sunday.
Bitcoin ended February on a high note with an unprecedented rise from $42,000 to $64,000, before settling at $62,000.
In just one week, Bitcoin saw a significant rally from $51,000 to almost reach its historic peak, yet it has recently struggled to cross the $62,000 threshold. Bitcoin's market capitalization maintains a stronghold above $1.2 trillion despite a small pullback, ranking it among the top 10 financial assets by market cap. Nevertheless, its dominance has diminished slightly by more than 1% and is now just below 50% according to CoinGecko.
#MemeCoinKing #Skyrockets #SHIBA✅🚀 🚀 #BONK ❓ #PEPE
Shiba Inu experienced a dump last night but managed to hold its position at 0.000035. As for the next price prediction, here are some insights:
Crypto analysts expect that at the end of summer 2023, the SHIB price will be around $0.0000233.
In August 2024, the Shiba Inu cost may drop to a minimum.
The Shiba Inu price has recently rocketed by 60%, reaching $0.00004137.
Finders expect Shiba Inu's value to ascend this year and be worth $0.00004930 to close out 2025.
Please note that these predictions are speculative and subject to various factors. #SHIB #Write2Earn #trendNtell
#TrendingTopic
#SHIB
Crypto analysts expect that at the end of summer 2023, the SHIB price will be around $0.0000233.
In August 2024, the Shiba Inu cost may drop to a minimum.
The Shiba Inu price has recently rocketed by 60%, reaching $0.00004137.
Finders expect Shiba Inu's value to ascend this year and be worth $0.00004930 to close out 2025.
Please note that these predictions are speculative and subject to various factors. #SHIB #Write2Earn #trendNtell
#TrendingTopic
#SHIB
can i tell you something .....
buy #PEPE you will see the magic in some time
#TrendingTopic
#binancecontent
#PEPE
#PepeCoinInsights
#Crypto
buy #PEPE you will see the magic in some time
#TrendingTopic
#binancecontent
#PEPE
#PepeCoinInsights
#Crypto