Category: Cryptocurrency News

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A solo Ethereum miner has just gotten what could be described as the lucky break of a lifetime after mining a single ethereum block that netted them a reward that ran into the hundreds of thousands of dollars. While ethereum’s mining difficulty is not as high compared to bitcoin, it is still a difficult, energy and computationally intensive process that discourages the average person. However, a lot of solo miners remain in the ethereum ecosystem and continue to make a profit from their mining activities. Although not all of the miners get to mine a single block that delivers a reward with life-changing money. Such is the case of the solo miner in this report after solving a block that netted them about 170 ETH in rewards. Ethereum Miner Gets Over $500K Reward A report from BeInCrypto outlined the activity of a solo ethereum miner that saw an incredible block reward go to the miner. The miner who had found a block and then proceeded to mine it independently got a total of 170.65 ETH in rewards for this. The value of the ETH at the time it was rewarded was roughly $540,000 in rewards which went to this miner. Related Reading | Altcoins Are Encroaching On Bitcoin’s Dominance On Digital Payments Compared to the average reward per block mined in ethereum which is about $13,000, this is no doubt an impressive win for the miner, who has received what is no doubt one of the highest block rewards on the network. ETH price trading south of $3,000 | Source: ETHUSD on TradingView.com Mined on Monday January 17th, the miner got the spoils of their victory in a block that contained 236 transactions, all mined by a solo miner in about 9 seconds. Finding and mining a block like this on the ethereum network is hard and grows increasingly harder as more miners set up operations. Finding one with a block reward of more than 170 ETH is even more unlikely, making this akin to winning the lottery on the part of the miner. Following With Bitcoin Although it can be difficult for a solo miner to find and mine blocks all by themselves, receiving the full reward, it is not unheard of that small-time miners have claimed such coveted reports. This happens across various blockchains and ethereum is no exception. Related Reading | American Rapper Lil Baby On Holding Bitcoin And Ethereum Over Fiat Bitcoin, which features arguably one of the highest mining difficulties, has seen events like these take place. Last week, Bitcoinist reported that a small-time bitcoin miner had beaten the odds to mine a block all by themselves. This netted them the entire block reward of 6.25 BTC, as well as the transaction reward. In total, the miner made over $267,000 from that single block mined. The same had also occurred a year prior where Dr. Kolivas, a software engineer that helped develop the CGMiner, recalled that a small-time miner with a low hash rate had also been able to mine a block by themselves and received the full block reward. Featured image from Zipmex, chart from TradingView.com

America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive […]

Recently, the community of the Cosmos blockchain ecosystem disclosed the deployment of the Cosmos Gravity Bridge, which will empower all IBC (inter-blockchain communication) Cosmos SDK-based chains to receive and utilize Ethereum/EVM-based and allows for Cosmos-based tokens to be represented in popular Ethereum wallets and AMMs (automated market makers). Cosmos Gravity Bridge combines gas reducing strategies…
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Mike McGlone, senior commodity strategist at Bloomberg, is convinced that Bitcoin’s transition to digital gold will propel it to new all-time highs in 2022.

This post is about crypto scams. How not to fall for them. What to do if you have fallen for one. I made a promise with intentions to keep it. There were money people who commented on my post saying that they have fallen for a scam. Hope this post can help :p Doubling scam…
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Hi! I am currently doing a computer science bachelors degree at Malmö University and I am about to start writing my dissertation, and I am particularly interested in writing about blockchain technology and Ethereum. Me and my research partner are currently trying to figure out what to write about/research, and figured we could try to…
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Polygon PoS (commit chain) ⁠Polygon Miden (zkSTARK) Polygon Zero (recursive SNARK) Polygon Hermez (zkSNARK) Polygon Avail (Validium) Polygon Nightfall (Optimistic) Right now people are building towards a zk rollup with EVM compatibility. SNARKs are more likely to win this race short term, but long term STARKs should come out on top. Whichever way this plays…
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