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Solo Bitcoin Miner Wins Rare Block Reward Worth Over $150,000
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Bitcoin mining is the process by which miners add new blocks to the Bitcoin blockchain. Miners must use computational power to solve complex mathematical equations to create a valid block hash.
When a miner successfully creates a valid block hash, they receive a block reward of new bitcoins as well as transaction fees.
Solo mining, where a miner attempts to mine a block on their own, is becoming increasingly difficult as the network hash rate and the power of mining machines continue to rise.
It is rare for a solo miner to solve a block on their own, and it typically takes them several months to do so. However, the solo miner behind the recent block reward was able to achieve this feat in just two days.
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