An unknown lone miner mined block No. 920,440 on the Bitcoin network and received 3,125 BTC plus a commission of 0.016 BTC for transactions. In fiat currency, this is about $347,455.
Umbrel reported that the miner has mined a block through the Public Pool. According to Mempool.space, the block contained 2181 transactions.
While it’s not uncommon for solo miners to win blocks, this case stands out because the miner solved the block mining challenge entirely on their own. Instead of pooling their mining power with others, they launched a mining pool using their own equipment, according to Umbrel.
“The block was mined by a solo miner on a fully self-contained mining pool. No third parties. Complete independence. We need more cases like this,” said representatives of the Bitcoin Bazaar platform.
Umbrel announced that the increase in solo miners has a positive impact on the decentralization of the Bitcoin network, allowing them to compete with large public companies.
Earlier, Jefferies investment bank experts reported that the profitability of Bitcoin mining decreased by 7% due to the first cryptocurrency’s 2% drop in value over the month and a 9% increase in network computing power.
