A Bitcoin miner recently managed to mine block number 899,826 and received a payout worth about $330,386.
Data from mempool.space showed the block was confirmed on June 5 at 03:48 AM UTC. It included 3,680 transactions.
The miner used the Solo CK mining pool and received the standard block reward of 3.125 BTC
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Chainlink? LINK Explained Simply (ANIMATED)
On June 1, the Bitcoin network adjusted its mining difficulty to a new peak of 126.98 trillion hashes per second.
After the block was confirmed, Con Kolivas, who manages the ckpool mining pool, said in a post on X that the miner had recently increased their hashrate to 259 petahashes per second. This is a high level of mining power for one person and was likely not from personal equipment.
Kolivas explained that only one worker ID was linked to the mining account, which likely means the miner rented the hashrate for a short time from a cloud mining service or online marketplace. He added that the account usually had a much smaller hashrate.
Meanwhile, GameStop confirmed it holds Bitcoin as part of its financial strategy. How much BTC did the company buy? Read the full story.
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.
