Solo Miner Earns $289,191 from Bitcoin Block Mining

Solo miner earns $289,191 from Bitcoin block mining.

On January 20, a solo miner successfully mined block #933,034 on the Bitcoin network, earning a reward of 3.131 BTC ($289,191).

The block contained 1,129 transactions, which brought the miner an additional 0.006 BTC ($562) in fees. The miner rented power from the NiceHash platform, paying $90. No further information about the user’s hashrate is available. 

On January 15, another solo miner successfully added block #932,373 to the network, earning a total of $304,814.

This block contained 2,581 transactions. Transaction fees reached 0.032 BTC ($3,058) and were credited to the miner’s account. This miner also used NiceHash equipment.

Hashrate at a Low 

For the first time since mid-September, Bitcoin’s computational power dropped below the psychological mark of 1,000 EH/s, reaching 992 EH/s. Experts attributed this trend to miners shifting focus to artificial intelligence. 

At the time of writing, the figure had recovered to 1,013 EH/s, still significantly below the historical high of 1,157 EH/s recorded in October.

The difficulty of Bitcoin mining continues to decrease. In the latest adjustment, it fell by 1.2% to 146.47 T. This eases cryptocurrency mining by reducing the computational work required to find a block. 

Over the past week, the hashprice decreased from $42 to $38.5 per PH/s per day.

Earlier in January, miner Canaan received a notice of potential delisting from Nasdaq.