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ETH $1,873.94 -4.57%
BNB $565.61 -1.13%
XRP $1.05 -4.66%
SOL $73.18 -4.24%
TRX $0.3257 -1.66%
DOGE $0.0700 -3.50%
ADA $0.1571 -4.96%
BCH $213.67 -1.06%
LINK $8.30 -5.74%
HYPE $54.99 -8.41%
AAVE $96.78 -4.25%
SUI $0.6817 -4.94%
XLM $0.1712 -5.62%
ZEC $468.48 -6.61%

A standalone miner with a computing power of only 1 PH/s received over $160,000 in Bitcoin block rewards

2023-08-20 21:19:11
Collection

ChainCatcher news, Bitcoin Magazine tweeted that an independent miner with a hash rate of about 1 PH/s received a block reward of 6.25 BTC (worth over $160,000) on August 18.

Generally speaking, for miners at this hash rate level, it takes an average of 7 years to create a valid transaction to receive a block reward at the current mining difficulty.

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