Key Takeaways
- A solo Bitcoin miner earned 3.125 Bitcoin, worth over $300,000.
- The Bitcoin hashrate is 788.86M, up 53% from a year ago.
- Bitcoin's price has climbed back above $98,000 after a dip.
A miner labeled as “unknown” validated Block 883,181 on Feb. 10, which included 3,071 transactions and generated a total reward of 3.15 Bitcoin, according to Mempool.space.
Mining setup
Bitcoin miner Marshall Long speculated in a post on X that the miner used an implementation of CKPOOL but may not have mined directly through it.
He suggested they might have used a Bitaxe, a mining device that allows for solo mining or participation in mining pools.
Network statistics
The Bitcoin hashrate currently stands at 788.86M, a 0.81% drop from the previous day’s 795.29M but still up over 53% year-over-year, according to YCharts.
A higher hashrate increases competition, making it difficult for solo miners to validate blocks.
Typically, large mining firms like Bit Digital, Riot Blockchain, and Marathon Digital dominate Bitcoin mining due to their significant hash power.
Supply overview
Bitcoin’s total supply is capped at 21 million, as outlined in Satoshi Nakamoto’s white paper.
To date, over 19 million Bitcoin have been distributed in block rewards.
Market update
Meanwhile, Bitcoin’s price has rebounded above $98,000, recovering from a dip following former U.S. President Donald Trump’s announcement of new tariffs on aluminum and steel.
The market had briefly surged above $109,000 on Jan. 20 before declining.
