The bitcoin (Btc) Mining difficulty, the average level of difficulty for mining a network block, climbed a new all-time high of 134.7 trillion on Friday.
Network difficulty hit a Previous all-time high in August And it continues to rise throughout the month, despite the hope that the network will decrease.
The hashrate of Bitcoin, the average of the total number of hashes per second from all miners in the network, falls to 967 billion hashes per second, down from all times high more than 1 trillion hashes per second recorded on August 4, according to Cryptoquant.
Higher difficulty created lighter operating conditions for large mining companies in a competing industry that runs in narrow income margins.
The need to spend computing resources on mine blocks on the BTC network is also raised Bitcoin’s Centralization Centralization CentralizationBecause the cost of mining becomes more expensive, leading to the domination of large corporations and mining pools.
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Solo miners still have hope in a sea of big, institutional players
Despite big players who are increasingly leading the Bitcoin mining space, small and solo miners are still successfully mining blocks occasionally, and claim the 3.125 BTC block reward worth more than $ 344,000 at this time of writing.
Three solo miners disobey the odds by successfully adding blocks to the BTC Ledger and claiming the block reward in July and August.
https://www.youtube.com/watch?v=xkvojawp688
The first miner added I -block 903,883 on July 3, Netting under just $ 350,000 In Block Subsidy Rewards with the priority fees paid by network participants to miners to ensure their transactions are included in the block.
The second solo miner added I -block 907,283 on July 26th, The claim of more than $ 373,000 In rewards, when calculated using bitcoin prices at that time.
On August 17th, another SOLO MINER MINED BLOCK 910,440Nabbing $ 373,000 in block subsidy reward and network fees. All three miners are The operation by solo ck poola solo service in the mining pool.
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