Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto: a solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s, Bitcoiners have expressed excitement over the surging odds of a US Federal Reserve rate cut in December. Meanwhile, a former Coinbase lawyer launched his campaign for New York State Attorney General.
A solo Bitcoin miner hit the jackpot on Friday, earning 3.146 BTC, worth roughly $266,000, after solving block 924,569 with only a tiny fraction of the computational power typically needed to win a block reward.
The miner, who is believed to be operating a hobby-grade machine, struck gold with a hash rate of roughly 1.2 terahashes per second (TH/s), which is a speck of dust in an industry dominated by industrial-scale operations producing exahashes (one quintillion hashes per second).
