A solo Bitcoin miner achieved an impressive feat by mining an entire block independently, receiving a total of $347,455 in rewards and highlighting the decentralized nature of the Bitcoin network.

The Bitcoin node infrastructure company, Umbrel, reported that the miner secured the block through the Public Pool Bitcoin mining pool, receiving a 3.125 Bitcoin (BTC) block reward along with an additional 0.016 BTC from transaction fees.

This significant event unfolded at block height 920,440 on Thursday at 7:32 PM UTC, as documented by Mempool.space.

Although it isn’t unusual for solo Bitcoin miners to win blocks, this particular case stands out since the miner completed the process entirely solo, using a personal mining pool rather than collaborating with others.

“No middlemen. No third-parties. Just pure self-sovereignty in action”, Umbrel stated, while the Bitcoin Bazaar X account remarked:

“A solo block has been mined by a solominer, mining on his own mining pool, hosted on an Umbrel Server. Total sovereignty. We need more of this.”

Bitcoin Mining Source: Matthias

Solo Bitcoin Mining: A Step Towards Decentralization

The rising number of individual Bitcoin miners resolving blocks positively contributes to Bitcoin’s decentralized structure, enabling smaller miners to compete against larger, publicly traded industrial-scale miners.

Compact Bitcoin Miners: Affordable Alternatives to iPhones

This trend coincides with the rise of more compact Bitcoin miners, like those offered by Bitaxes, which retail for between $155 and over $600 based on their terahash-per-second performance.

Although these smaller devices only provide a minimal increase to Bitcoin’s hash rate collectively, many have been made open-source to challenge the “secrecy and exclusivity” typically associated with large Bitcoin miners, who often utilize closed-source Bitcoin ASICs, according to a BitMaker representative in 2023.

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