A lucky solo investor has won the reward worth $540,000 in Block Mining of Ethereum.

The miner bagged a reward of ETH 170 after mining an entire block on their own.

Highlighted Facts

• The calculation made of the average profit made from mining an entire block is ETH 4.
• A dip has been seen in the Ethereum Mining Profitability since May 2021.
• Similarly, a Bitcoin Miner has made a profit of $267,000 after mining an entire Block.

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There has been a great emergence of Ethereum Mining and the solo lucky guy has made a huge profit with Powerful Graphics Cards (GPUs), while they are not even using their PC. The congestion that is driving the Gas Fees, and mining profitability has been fairly decent for solo miners and there has been seen a dip in the average profitability. However, a single lucky guy is said to be the jackpot hitter after mining a single Ethereum Block that earned him a reward of ETH 170 which has a value worth of $540,000 (Rs. 4 Crore).

The mining of Ethereum is not difficult as compared to the mining of Bitcoin but still, it is a difficult task as some may be discouraged by Mining while being an average person as it is an energy-consuming and computationally intensive process. Even being a difficult process of Ethereum mining most of the people do the same activity as the mining of the Ethereum and earn the profit.

As per the report of BenlCrypto, told about the lucky solo miner that this solo Ethereum miner has found a block and then proceeded to mine it independently got a reward which is worth ETH 170.65. At the time of mining, the value of Ether was cumulative about $540,000, and this amount of money has been accepted by the miner.

 According to the platform that tracks key crypto metrics, BitInfoCharts told about the Blockchain mining and said that the average reward for mining an Ethereum is roughly ETH 4 and while writing, the amount is $3,140 which is about Rs 2 lakh. This suggests here that the average reward has been exceeded by the percent of 17,097 percent.

The Profitability of Ethereum mining has been reduced with great numbers as during the peak in mid-May 2021, the average profitability was as high as $0.28 percent (Rs. 20) per day per Mhash/s, and now the average percent has fallen to $0.5 (Rs. 5) between June and July. After some days it again seemed to be in the rising stage as it reached $0.9 (Rs. 7) per day in November. The decline again has been continued and is currently on the same $0.5 (Rs. 4) per day per Mhas/s.

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