A Bitcoin
The miner validated block 883,181, which contained 3,071 transactions, according to Mempool.space, a Bitcoin tracking platform. The total reward for the block, including fees, amounted to 3.15 BTC.
Marshall Long, a Bitcoin miner, noted in a February 10 post on X that the individual appeared to be using CKPOOL software but did not seem directly linked to it. He suggested the miner may have used a Bitaxe, a device that supports both solo and pooled mining.
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Mining Bitcoin as an individual is rare due to the growing difficulty of solving a block. Larger operations, such as Bit Digital, Riot Blockchain, and Marathon Digital, dominate the industry, using vast amounts of computing power to increase their chances of earning rewards.
Data from YCharts shows that Bitcoin’s total hashrate stood at 788.86 million on February 10. A higher hashrate means miners need more computing power, which leads to increased costs and a lower likelihood of solo miners finding blocks.
Bitcoin’s total supply is capped at 21 million, as outlined by its creator, Satoshi Nakamoto. Over 19 million BTC have already been distributed through mining rewards, according to the Blockchain Council.
Recently, a director at Coinbase
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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
