CKPool developers have confirmed the successful solo mining of Bitcoin Block 899,826, securing a reward of 3.151 BTC, valued at around $330,000. This achievement was facilitated by temporarily augmenting the hash rate from 6.11 PH/s to 261 PH/s through rented computational power. At the time, the overall network hash rate stood at 796 EH/s, rendering the mining probability approximately 1 in 3,050. This milestone represents the 300th independently mined block in CKPool’s operational history, underscoring the pool’s growing capability in solo mining. Notably, a similar event was recorded in April 2024, highlighting a pattern of successful block discoveries under challenging network conditions. This development reinforces CKPool’s strategic use of standalone mining software and rented hash power to optimize block rewards within the competitive Bitcoin mining ecosystem.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024