As a seasoned analyst with over two decades of experience in the tech and finance sectors, I must say that witnessing the mining of a solo Bitcoin block after more than a decade is nothing short of breathtaking. In my early days, I remember the thrill of seeing the “block found” message on my screen as I mined Bitcoin with my personal computer – a memory that still gives me a warm nostalgic feeling.
A solo Bitcoin block was recently mined for the first time in over a decade, according to FutureBit founder John Stefanopoulos.
A single user managed to find a Bitcoin block with their own hardware.
Stefanopoulos stated that this is the initial solitary block discovered on a singular device within the last ten years, which was capable of operating as a complete node, and subsequently submitted this block anonymously without any intermediaries or third parties involved.
In my research, I came across a significant finding: I discovered a block on a standalone Apollo II full-node device, which also functioned as both my personal independent node and solo stratum server.
In the early stages of Bitcoin, I could mine blocks with a standard home computer with relative ease. Yet, as more users joined the network, solo mining became progressively challenging. To streamline the block production process, miners began pooling their resources together in groups. This collaborative approach allowed for a significant increase in speed, and subsequently, the sharing of block rewards among pool members.
Given that Bitcoin’s difficulty currently stands at 95 trillion, the odds of mining a solo block are infinitesimally low. Producing a block can take years or even decades for a solo miner.
As noted by Stefanopoulos, “someone’s life just changed in the best way possible.”
After the latest halving event, the Bitcoin block reward is now approximately 3.125 Bitcoins (equivalent to around $216,024 in current value).
As reported by U.Today, the price of Bitcoin recently surpassed the $69,000 level.
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2024-10-28 21:45