In the last 24 hours, this company mined multiple blocks while earning more than 6.25 BTC per successful block. What is surprising is that the true identity of the miner is unknown and established mining pools such as B. is not known Binance Pool, Ant Pooletc.

According to the screenshot shared by the Twitter user, the unknown miner verified over 10 blocks of Bitcoin in the last day, totaling over 65 BTC worth over $1.7 million at current prices.

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Why it matters: In the world of Bitcoin and other proof-of-work blockchain networks, individual retail miners often work together and join forces by combining their computing power, known as the hash rate, in a process called “pooling.”

This approach allows them to increase their chances of validating a block of BTC transactions, and in return, the network rewards them with the block’s rewards, which typically consist of 6.25 BTC coins plus the transaction fees associated with the block . In some cases, transaction fees for a single block can even exceed 50% of the network protocol level block reward.

As the number of miners joining the Bitcoin network continues to grow, mining pools have become the dominant validation method. However, there are different pools that cater to the specific needs of different miners. These include solutions designed for fees, reliability, and hash rate size that significantly impact a pool’s reputation.

Price promotion: At the time of writing, BTC is trading at $26,238.65, down 1.44% over the past 24 hours. according to Benzinga Pro.

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