A rare event has just occurred in the Bitcoin mining community where an independent Miners created a true "fairy tale" with a cost of less than $100. According to the latest report on December 19th, this individual hired a small amount of computing power through the NiceHash platform and unexpectedly successfully mined Bitcoin Block 928,351, thereby receiving the full block reward worth approximately 3,125 BTC.
Currently, with Bitcoin prices fluctuating around high levels, this amount of BTC is estimated to be worth around $270,000, a figure that has astonished many in the industry. It's noteworthy that after the Bitcoin halving in April 2024, the block reward decreased from 6.25 BTC to 3.125 BTC, making the probability of a small-scale Miners hitting the jackpot almost extremely low. However, this very fact makes the case special and sparks lively discussion within the cryptocurrency community.
Technically, this user doesn't own a massive Mining Rig rig or participate in the large mining pools that dominate the Bitcoin network's hashrate. Instead, they are only temporarily renting computing power from NiceHash, a marketplace that allows users to buy and sell hashrate as needed. Given that Bitcoin mining difficulty is constantly reaching new highs and large-scale mining companies in the US, Canada, and the Middle East are investing hundreds of millions of dollars in infrastructure, the fact that an individual can mine a complete Block at extremely low cost is XEM an extremely rare occurrence.
You may not know this, but the BingX exchange offers many privileges for new and VIP members. Details
