An unknown solo miner mined block #920,440 on the Bitcoin network and received 3.125 BTC plus a 0.016 BTC transaction fee. In fiat currency this is about $347,455.
The Umbrel company reported that the miner mined the block through the public mining pool Public Pool. According to Mempool.space, the block contained 2181 transactions.
While winning blocks is not unusual for solo miners, this case is different in that the miner solved the problem entirely on his own to mine the block. He launched a mining pool on his own equipment – instead of combining power with other participants, Umbrel said.
“The block was mined by a solo miner on a completely private mining pool. No third parties. Complete independence. We need more cases like this,” said representatives of the Bitcoin Bazaar platform.
Umbrel announced that the rise of solo miners is positively impacting the decentralization of the Bitcoin network, giving them the opportunity to compete with large public companies.
Earlier, specialists from the investment bank Jefferies reported that the profitability of Bitcoin mining decreased by 7% due to a fall in the rate of the first cryptocurrency by 2% over the month and an increase in network computing power by 9%.
