🎉🎉Hats off to the Bitcoin miner who defied the odds and independently solved network block 841,286, bagging a full 3.125 BTC reward! This happened after the fourth Bitcoin halving on April 20, which reduced the block reward from 6.25 BTC to 3.125 BTC, currently valued at around $200,000. 💰💰

Software engineer and administrator Con Kolivas shared that this was the 282nd solo block solved in Bitcoin’s history, a rare feat indeed! 🎯 The miner had a significant hash rate of approximately 120PH at the time, equivalent to around 0.12 EH, with an average of around 12PH over a week. This hash rate was roughly 0.02% of the total network hash rate. 🚀🚀

The achievement is significant because mining a valid block solo is like winning the lottery. Out of approximately 841,300 blocks produced since Bitcoin’s launch 14 years ago, only 282 instances of solo block mining have been recorded. 🏆🏆

However, with the increasing price of Bitcoin, mining has become more popular, leading to increased competitiveness and an increase in hash rate. This makes it nearly impossible to solve a block alone due to high competition. 🏁🏁

In March 2023, a solo miner secured the entire 6.25 BTC reward for solving a block. However, Bitcoin prices were considerably lower during that time, resulting in the reward being valued at around $150,000. The most recent solo block was mined on April 5, with a reward valued at approximately $422,750 at the time. 📈📈

The average network hash rate currently stands at 618 EH/s, reaching an all-time high of 728 EH/s on April 23. This is an increase of more than 90% over the past 12 months, showing the exceptional nature of the latest solo mining achievement. 🌟🌟

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