Solo Miner Hits Bitcoin Jackpot and Wins $200,000
A solo miner has achieved the seemingly impossible by creating a Bitcoin block, earning a reward of approximately $200,000. According to BTC-ECHO | Bitcoin & Blockchain since 2014, this lucky individual processed Block Number 858,978 with a hash rate of just 456 PH/s compared to the current network hash rate of 665 EH/s.
The fortunate miner is part of the CK Pool, which aggregates the hash rates of smaller miners and distributes rewards to those who successfully create hashes. In the past 14 years, only about 290 solo miners have succeeded in such an endeavor – most recently occurring in July with mining equipment costing merely $200.
Dell and Bitcoin? The Rumor Mill Is Churning!
Speculation regarding potential Bitcoin investments at Dell Technologies is heating up as CEO Michael Dell fuels these rumors through cryptic comments on Twitter. Coin-Update reports that his strong interest in blockchain technologies could indicate future moves towards cryptocurrency adoption within Dell.
If these speculations prove true and Dell indeed invests in Bitcoin, it might mark a turning point inspiring other major tech companies to also consider cryptocurrencies for corporate reserves. This would not only confirm existing speculation but also strengthen Bitcoin's role among large enterprises.
Bitcoin Adoption in El Salvador Below Expectations
Nayib Bukele admits to TIME Magazine that adopting Bitcoin as legal tender has fallen short of expectations despite mandatory acceptance laws. Both citizens and businesses show indifference toward using the new currency.
Bukele remains optimistic about future improvements while expressing pride that citizens can freely choose whether or not they want to use Bitcoin. Meanwhile, El Salvador continues investing further into Bitcoins aiming for long-term benefits.
Bitcoin (BTC) "Sugar Rush" - Arthur Hayes Predicts Rate Cuts As Catalyst
Citing Cointelegraph Deutschland’s report on Arthur Hayes' analysis predicting Federal Reserve rate cuts potentially benefiting cryptocurrencies due to increased liquidity creation. Lower interest rates may stabilize traditional markets yet significantly impact fiat currencies, causing assets like BTC to possibly inflate when central banks expand their balance sheets countering market turbulence.
Ethereum ETFs See Inflows After Nine Days While Bitcoin ETFs Bleed
According to BTC-ECHO | Bitcoin & Blockchain since 2014, there were net inflows again yesterday into Ethereum Spot ETFs following previous withdrawals; meanwhile, various providers faced outflows concerning Bitcoin exchange-traded products.
Despite short-term fluctuations, BlackRock ETF products remain among the most successful ones, holding nearly eighteen billion dollars net invested currently.
Public Companies Rapidly Increasing Their Holdings Of Bitcoins
CoinTelegraph Germany reported public firms’ holdings tripled, almost reaching seven-point-two billion dollars, confirming institutional investors' growing interest trend. MicroStrategy led in August 2020 by buying over twenty-one thousand BTC, making crypto assets the primary reserve and increasing to two hundred twenty-six thousand five hundred until August next year. Survey participants expect growth of more than ten percent in listed companies owning Bitcoins in the coming half-decade.
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