According to mempool data, an independent miner successfully mined block 960,804 early Monday morning. The block reward of 3.157 $BTC is valued at approximately $199,300. Details about the specific hardware used remain unknown.
The success came just three weeks after another miner, using a single amateur-level Bitaxe device, mined block 957,382, earning 3.1382 $BTC, which was worth roughly $200,000 at the time.
These consecutive wins highlight a broader trend. This year, solo miners have already mined 13 blocks. While individual operators continue to defy the odds using relatively modest setups, the wider Bitcoin mining sector has been under stress due to limited profitability. This has prompted several major mining companies to pivot to AI data centers and related infrastructure in search of sustainability.
Meanwhile, small $BTC holders continue to express frustration over the Coldcard incident, which led to the loss of long-held Bitcoin savings. Over the weekend, on-chain data showed signs that some $BTC holders are moving millions of dollars worth of coins to exchanges.
According to CryptoQuant, on Friday, the number of $BTC sending addresses surged to a level not seen since early 2024. On July 30th, the day the incident began, the exchange reserve of $BTC increased to 2.718 million $BTC from 2.706 million $BTC.
Other analytics firms claim holders are moving coins to other wallets, not to exchanges.
"Data shows that holders are moving their coins into new wallets, rather than sending them to exchanges," Glassnode said.
Finally, rising Treasury yields, including mortgage rates, present a potential headwind for risk assets, including cryptocurrencies.
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