🤑 40.75 BTC from a Single Block – with a Base Reward of Just 3.125 BTC

Sometimes a Bitcoin block can earn miners more than usual! Today, the block reward for mining a Bitcoin block is 3.125 BTC, but sometimes a block can contain significantly more! For example, block #840,000 was mined by the ViaBTC pool. In addition to the standard 3.125 BTC block reward, it included 37.6256 BTC in transaction fees, bringing the total reward to more than 40.75 BTC.

And this wasn't an isolated spike. Following major events on the Bitcoin network, periods of increased activity can push transaction fees significantly higher, resulting in blocks with much larger total rewards.

This is a great example of how Bitcoin mining economics work: miners earn not only the fixed block reward, but also transaction fees paid by users.

During periods of high network activity, these fees can become a significant part of a miner's total reward.

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🎟 ECOS Rewards Ticket

How can you use it? Send the code and your email to the channel messages!

The first 3 participants to submit the correct code will receive a real Ticket in the ECOS Rewards loyalty program and will be able to use it to participate in mining contract giveaways!

🎁 Good luck! You might be the fastest one.

🔥 Bitcoin Miners Can Heat Buildings

ASIC miners consume electricity to perform computations, but almost all of that energy eventually turns into heat. Normally, a data center's job is to remove that heat. But what if it could be put to good use instead?

Projects like this already exist.

In Finland, heat generated by Bitcoin mining equipment is used in a district heating system serving a community of around 11,000 people. In Canada, MintGreen has developed “Digital Boilers” for Bitcoin mining, with technology capable of recovering more than 96% of the electricity consumed by mining as usable heat.

There are even home devices that combine an ASIC miner with a conventional heater. Instead of a traditional heating element, Bitcoin mining hardware operates inside the device, while the heat it generates is used to warm the room.

🤓 The economics are fascinating: the same electricity can simultaneously power computations that mine BTC and generate heat that would otherwise have to come from another energy source.

❤️ ECOSMiningGamebot

🗓Crypto News: Weekly Overview
August 24 – 30

It’s Monday again, so here’s our weekly digest of key events in the crypto market. Let’s take a look at what happened over the past week.

🔹 StarkWare has conducted the first quantum-resistant transaction on the Bitcoin network. No changes to Bitcoin’s consensus rules were required. The experiment was carried out as part of the Quantum Safe Bitcoin scheme, designed as an emergency solution for migrating coins before full-scale post-quantum protection becomes available.

🔹 Crypto funds attracted $1.65 billion in just three days amid Bitcoin’s rally! Global crypto investment products recorded $1.65 billion in inflows, with nearly $1 billion flowing into Bitcoin, providing another signal of recovering institutional demand, according to a CoinShares report.

🔹 Bitdeer mined a record 1,190 BTC in July!

🔹 Bitcoin’s 90-day correlation with the Nasdaq 100 has fallen from 60% to 33%, while its correlation with gold has risen from nearly zero to more than 50%. Grayscale Head of Research Zach Pandl highlighted the shift.

🔹 Between August 16 and 26, six Bitcoin wallets dormant since 2011–2014 moved a total of 553.59 BTC worth $40.15 million, according to Galaxy Research. The largest transaction involved 212 BTC worth $13.66 million.

🚀 We'll be back soon with more updates – until then, stay tuned!

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🤓 A Nearly 20 BTC Fee for a Single Transaction

Sometimes a Bitcoin transaction fee can cost more than the transaction itself. That’s exactly what happened in September 2023, when a user sent a transaction worth 0.074 BTC but paid an incredible 19.82 BTC in fees – around $500,000 at the time! The reason appears to have been an error when setting the transaction fee.

🫶 Where was all that money supposed to go? To the miners! Bitcoin transaction fees are included in the reward for mining a block, along with the fixed block reward. In this case, the block was mined by the F2Pool mining pool.

Fortunately, the story had a happy ending: after confirming the mistake, F2Pool agreed to return 19.82108632 BTC to the sender.

☝️ So, whenever you send BTC, always double-check not only the recipient address and the amount, but also the transaction fee. One extra digit can be very expensive.

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🟠 How Many Attempts Does Bitcoin Make Every Second?

To find a new Bitcoin block, miners calculate hashes over and over again, trying to find a result that meets the network’s current difficulty target.

Today, Bitcoin’s network hashrate is around 1 ZH/s. But what does this strange unit actually mean?

1 ZH/s = 1,000,000,000,000,000,000,000 attempts per second.

That means the entire Bitcoin network can perform roughly one sextillion hash calculations every second, competing for the chance to find the next block.

Imagine a gigantic lottery: every calculated hash is a new “ticket,” and miners generate these tickets again and again. The more hashrate a miner has, the more “tickets” they generate every second – and the greater their chance of finding the right hash.

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🎬 Your Content Can Earn You Mining Power!

The ECOS Creators Cup is now live – a new competition where your videos and images can turn into mining power and ECOS Tickets!

Joining is easy:
🔹 Create a vertical video or image about ECOS
🔹 Publish it and submit the link to the Creators Cup
🔹 Collect likes from the community and climb the leaderboard
🔹 Make it to the winners and claim your rewards!

You don’t need to be a professional content creator – all you need is a great idea and your own take on ECOS.

🫶 Create. Publish. Get likes. Win!
https://cp.ecos.am/rewards

🎟 ECOS Rewards Ticket

How can you use it? Send the code and your email to the channel messages!

The first 3 participants to submit the correct code will receive a real Ticket in the ECOS Rewards loyalty program and will be able to use it to participate in mining contract giveaways!

🎁 Good luck! You might be the fastest one.

🤑 Why Can’t Miners Mine BTC Faster?

The more computing power connected to the Bitcoin network, the faster miners could potentially find new blocks. But the network has a mechanism to prevent this.

Approximately every 2,016 blocks, Bitcoin automatically adjusts the mining difficulty, aiming to keep the average time between blocks at around 10 minutes.

More mining power – difficulty may increase. Less mining power – difficulty may decrease.

☝️ This mechanism helps Bitcoin maintain a relatively stable block production rate, regardless of how much mining hardware is participating in the network.

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🫶 Solo Mining: Can You Mine an Entire Bitcoin Block on Your Own?

Theoretically, yes. You don’t necessarily need to own a massive mining farm to do it. Even a single small miner has a chance of finding a new Bitcoin block on its own.

But there’s a catch: the lower your hashrate compared to the total network hashrate, the lower your chances of success.

That’s why solo mining is often compared to a lottery: you might wait a very long time without finding anything, but one lucky attempt could bring the reward for an entire block.

That’s why most miners join mining pools: instead of chasing a rare jackpot, they receive smaller but much more regular payouts.

🤓 What would you choose: a chance to hit the mining jackpot or more predictable payouts from a pool?

❤️ ECOSMiningGamebot

🗓 Crypto News: Weekly Overview
September 7 – 13

It’s Monday again, so here’s our weekly digest of key events in the crypto market. Let’s take a look at what happened over the past week.

🔹 Bitcoin reserves on Binance have reached a two-year high, exceeding 693,000 BTC. The crypto community is concerned that the increase in reserves could signal preparations for selling at current prices.

🔹 For Bitcoin to continue its upward movement, it needs to break through the $83,000–$86,000 resistance zone, where coins held by long-term holders (LTHs) are concentrated and the estimated break-even level for spot ETFs is located. This is the conclusion reached by analysts at Glassnode.

🔹 A British investor told LBC that, after 12 years, he managed to regain access to 61 BTC he had considered lost following the shutdown of Intersango, one of the UK’s earliest cryptocurrency exchanges. At the time he recovered them, the coins were worth £3.33 million (around $4.5 million), according to LBC.

🔹A group of researchers has more than halved the estimated computational complexity of a key stage in a potential future quantum attack on Bitcoin and Ethereum compared with Google’s benchmark.

🚀 We'll be back soon with more updates – until then, stay tuned!

🤑 One Bitcoin Can Be Divided into 100 Million Parts

You don’t need to buy a whole BTC to own Bitcoin. Each Bitcoin can be divided into 100,000,000 satoshis.

In other words: 1 BTC = 100,000,000 sats. The smallest unit of Bitcoin is named after its creator, Satoshi Nakamoto.

☝️ So even when the price of one BTC is high, you can still buy, receive, or mine Bitcoin in very small fractions.

❤️ ECOSMiningGamebot

🎟 ECOS Rewards Ticket

How can you use it? Send the code and your email to the channel messages!

The first 3 participants to submit the correct code will receive a real Ticket in the ECOS Rewards loyalty program and will be able to use it to participate in mining contract giveaways!

🎁 Good luck! You might be the fastest one.

🫶 A Bitcoin Block Has Been Found in Just a Few Seconds

On average, a new Bitcoin block is found about every 10 minutes. But it’s not a timer!

Mining is probabilistic: sometimes finding a valid hash takes much longer than 10 minutes, while at other times, the next block can be found just seconds after the previous one.

☝️ It’s a bit like a lottery: you can never know in advance which attempt will be successful. The more hashrate a miner has, the more “tickets” they can try every second.

❤️ ECOSMiningGamebot

🫶 Can Bitcoin Work Without Miners?

Miners do much more than simply create new BTC. They play a key role in keeping the Bitcoin network running.

Miners collect transactions into blocks and compete to find a valid hash through Proof of Work. Once a block is accepted by the network, its transactions become part of the Bitcoin blockchain.

But what would happen if all miners suddenly disappeared? New blocks would stop being produced, meaning new transactions would no longer be confirmed. Bitcoin already recorded on the blockchain wouldn’t disappear, but the network would effectively stop processing transactions until mining resumed.

This is why hashrate matters beyond mining rewards. The computing power contributed by miners helps keep Bitcoin operating and makes rewriting the blockchain increasingly difficult. In other words, miners don’t just earn Bitcoin — they are an essential part of how the Bitcoin network functions.

❤️ ECOSMiningGamebot