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SirWin
SirWin
SirWin

Miner earns 6.36 BTC on 1 block of Bitcoin as halving approaches

miner-earns-bitcoin-halving
Edited by
News
Miner earns 6.36 BTC on 1 block of Bitcoin as halving approaches

A solo miner mined a single block of Bitcoin and earned 6.36 BTC before the impending halving.

On April 5, a solo miner with an equipment hashrate of 7 PH/s keyed block #837,814 into the blockchain of the first cryptocurrency. According to Mempool, the user received a total of 6.36 BTC, the equivalent of $422,750 at the time of block mining, including a commission of 0.1 BTC.

Miner earns 6.36 BTC on 1 block of Bitcoin as halving approaches - 1
Source: Mempool

CKPool pool administrator Con Kolyvas noted that the miner has been mining intermittently since the pool’s last restart and has accumulated, on average, about .05% of the shares required to solve a block.

“The miner has contacted me in private. He was mining with his own mining hardware supplemented by intermittent rented hashrate.”

Con Kolyvas, CKPool pool administrator

In October 2023, a solo miner included a block in the Bitcoin network with a hardware power of 11 PH/s. The user received a reward of 6.25 BTC and a commission of 0.09 BTC. In May 2023, another person earned $177,115 by mining a block, receiving a reward of 6.25 BTC and a commission of 0.24 BTC.

At the end of March 2024, the difficulty of mining Bitcoin decreased by 0.97%, with an indicator of 83.13 T. Since the previous value change, the average hashrate for the period was 593.99 EH/s. The range between blocks is 10 minutes and 7 seconds.