Solo-Mainer got a bitcoin block and received $ 371,000

On August 17, a single miner independently obtained a block #910 440 in the network of the first cryptocurrency, receiving 3.137 BTC (~ $ 371 576) in the form of rewards and commissions. This was told by the administrator of CK Pool Kon Colivas.

According to him, the miner mined coins on equipment with a hashReit of 9 Th/S. The probability of such an event is approximately 1 to 800 per day.

There were 4900 transactions in the block. Of these, about 3300 had a commission less than Satoshi for a virtual byte (SAT/VB). An additional income from such operations amounted to only 0.0018 BTC (~ $ 220) – 0.06% of the Blok reward.

At the same time, each such transaction created new UTXO, increasing the load on the network without significant benefits for the miner.

Colivas noted that the inclusion of operations with low commissions was an experiment. Participants in the network, like F2Pool, have already begun to process them, and the rejection of this practice put solo-mainers in a disadvantage when mining new blocks.

The creator of CK Pool came to the conclusion that the potential damage from the mass creation of new UTXO exceeds “insignificant financial benefits”. Now the pool will only track such transactions, but not include them in blocks.

“In order for transactions with such low commissions to become at least somewhat significant for mining bullets, the reward for the block should be reduced to extremely small quantities. I would take them into account only if they increase income by at least 1%. However, this will require that the general reward for the block falls below 0.2 BTC – we are unlikely to reach such values in the coming decades, ”the expert emphasized.

Colivas called on other pools to revise their policy, since such transactions in the long run can adversely affect the structure of the commissions.

Community reaction

Users thanked the creator of CK Pool for the analysis. The founder of the Fedora project Warren Togam called the UTXO expansion “a negative factor that the majority ignored for years.”

“The extraction of blocks that increase UTXO will privatize the profit with too low commission, shifting the costs to everyone else,” he wrote.

On July 27, another solo maider managed to earn $ 372,773 for the production of the block #907 283.

Be in the know! Subscribe to Telegram.


Source: Cryptocurrency

You may also like

Miners get rid of their bitcoins
Top News
David

Miners get rid of their bitcoins

The price of Bitcoin is under pressure from the moment on August 14 reached a record of $ 123,731. Now