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ETH $2,501.87 +1.43%
BNB $754.46 +1.00%
XRP $1.44 +3.93%
SOL $104.61 +1.85%
TRX $0.3383 +0.27%
DOGE $0.0906 +1.47%
ADA $0.2209 +1.98%
BCH $259.38 +0.65%
LINK $12.57 -0.73%
HYPE $86.58 +2.94%
AAVE $130.11 -0.87%
SUI $0.8198 +0.87%
XLM $0.1906 +0.57%
ZEC $1,233.31 +8.73%

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

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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