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🧵 2. Bitcoin mining's competitiveness sky-high, making solo mining riskier. Energy-intensive miners pool together for better chance at rewards.

🧵 3. Largest pools FoundryUSA and Antpool hold 60% of Bitcoin's hashrate, while Solo CK focuses on user anonymity over size.

🧵 4. Solo miners seeing success: recent wins at Block 858978 and Block 853742 garnered hefty rewards over $200,000 each.

🧵 5. Bitcoin's hashrate rising, but miners may benefit from lower power costs now, potentially reducing selling pressure on the market.