Behind the ‘Bitcoin lottery’ myth: NiceHash clarifies untagged BTC blocks

Untagged Bitcoin blocks sparked solo-miner speculation before NiceHash confirmed they were mined during internal testing, highlighting limits of onchain attribution.

Social media buzzed this week after Bitcoin blocks 932129 and 932167 were mined without an immediately visible pool tag, prompting speculation that a solo miner had struck it rich, a familiar “Bitcoin lottery” narrative that briefly captured the market’s attention.

The excitement, however, had less to do with the blocks themselves than with what their apparent mislabeling revealed about how Bitcoin mining attribution works. It also revealed how quickly assumptions can take hold.

Amid the speculation, NiceHash emerged as the miner behind both blocks. NiceHash operates a hashrate marketplace that connects miners with buyers of computing power, rather than running a traditional mining pool.

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