Mining Ethereum is not much more difficult than Bitcoin, but it is still considered a more difficult, more energy-consuming and computationally difficult process. Despite this, a lot of solo miners continue to enter the Ethereum ecosystem, and make decent money from their mining. Yet, there has rarely been a case where a solo miner has mined a single Ethereum block and earned a reward of millions.
According to a report by BeInCrypto, this solo ethereum miner got a full block and then got a total reward of ETH 170.65 for mining it. At the time the miner received the reward, the total value of this ether was approximately $540,000 (approximately Rs 4 crore).
According to BitInfoCharts, a platform that tracks major crypto metrics, the average reward for mining a block on the Ethereum blockchain is around ETH 4, with a total value of $3,140, or about Rs 2 lakh, at the time of writing this news. This shows that miners who receive the ETH 170 reward have received a reward of 17,097 percent above average.
Mining of Bitcoin is arguably considered the most difficult. However, many miners have made good money in its mining. Just last week, a report from Bitcoinist revealed that a bitcoin miner mined a block himself, earning a block reward of 6.25 bitcoins as well as a transaction reward. In this way, by mining only one block, that miner earned more than $267,000 (approximately Rs 2 crore).<!–
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