Ah, the curious case of a solitary miner, who, on a mundane Monday, stumbled upon an entire Bitcoin block! One can only imagine the miner’s astonishment, akin to finding a golden goose in a field of ordinary chickens. 🐔💰
With a reward of 3.125 BTC—approximately $303,500, or enough to buy a small island or a very large pizza—this miner must have felt like a czar of the cryptocurrency realm. 🍕👑
Bob Burnett, the illustrious founder and CEO of Barefoot Mining, speculates that this block might have been the handiwork of a nation-state miner or perhaps a private entity. Because, of course, who wouldn’t want to join the ranks of the elite block producers? “It can be a huge thrill from winning a block,” he mused, “but if you publish them all, it can start to reveal too much information publicly… There is no upside to that information being known and plenty of downsides,” he added, sounding like a character straight out of a Dostoevsky novel, pondering the existential dread of revealing too much. 🤔
Bitcoin blocks produced by solo miners are as rare as a unicorn in a field of horses. To achieve such a feat, one must defy the odds that would make even the most optimistic gambler weep. 🎰
As reported by U.Today, a solo Bitcoin block was also mined last October, marking a momentous occasion—like finding a needle in a haystack, but the needle is made of gold and the haystack is on fire. 🔥
Consider this: the chance of finding a block while solo mining with the Antminer S21 XP Hydro, a beast of a machine, is a staggering 1 in 1,648,330. To put it in perspective, it would take roughly 31 years to win a block. So, if you’re planning to start mining, you might want to invest in a good chair and some snacks for the long haul. 🍿🪑
In the halcyon days of Bitcoin, one could mine new coins with nothing more than a personal computer. Ah, the nostalgia! But as the cryptocurrency gained traction, the mining difficulty escalated faster than a cat chasing a laser pointer, necessitating a veritable army of computational power. 🐱💨
This led to the birth of mining pools, with Slush, the very first Bitcoin mining pool, emerging in 2010. Today, Foundry US and AntPool reign supreme as the titans of the mining world, like the Goliaths of a digital David and Goliath tale. 🏆
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2025-02-10 21:10