a solo Bitcoin miner has successfully mined a block worth 3.275 BTC, equivalent to $199,098. The miner achieved this feat by solving block number 858,978, a rare occurrence in the increasingly competitive world of Bitcoin mining. The block, containing 2,391 transactions, was mined through ckpool, a popular solo mining pool.

The success of this solo miner is a significant example of decentralization in action. Despite the dominance of large mining pools, this event proves that individual miners can still achieve substantial rewards, albeit rarely.

This event comes at a time when Bitcoin’s overall hashrate has seen fluctuations, with August recording levels below 700 EH/s. The current hashrate reflects the impact of the recent Bitcoin halving, which caused a notable decrease in mining activity and a subsequent drop in Bitcoin’s price.

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