Bitcoin miner mulls refunding 20 BTC reward to Paxos

A Bitcoin (BTC) miner who erroneously received 20 BTC– worth over $500,000– from crypto exchange Paxos for settling a 0.008 BTC ($ 200) deal is now reconsidering their decision to return the jackpot to its rightful owner.On Sept. 13, Paxos exposed to Cointelegraph that it paid too much the BTC network fee on Sept. 10, to a miner who goes by the pseudonym Chun. While verifying that the event did not affect the traders funds, the platform admitted that a system bug resulted in the disbursement of 20 BTC in mining benefits on one transaction.While Chun at first concurred to refund the benefit, he chose to reconsider his decision and reached out to the crypto community for recommendations. I was irritated and was sorry for concurring to refund that 20 BTC.

Chuns objection to return the funds to Paxos stems from him being “upset” that “the individual claiming it (the funds) kept stating EST instead of EDT/UTC.” Bitcoin miner Chun asks crypto neighborhood for opinion on return of Paxos funds. Source: X Adding to Chuns problem, the crypto community on X (previously Twitter) shared mixed opinions– each supported by solid thinkings. Most individuals think Chun has no obligation to return the 20 BTC reward and concur that instead, it should be dispersed among the Bitcoin mining community.Related: Marathons Bitcoin mining rate fell 9% in AugustDepending on ones physical place, Bitcoin mining service can have a varied earnings margin. A recent report from CoinGecko showed that only 65 nations pay for solo Bitcoin miners, based solely on home electrical power costs.The most unprofitable countries to mine 1 BTC. Source: CoinGeckoBased on the data shown above, mining 1 BTC in Lebanon is 783x less expensive than Italy, where it costs $208,560 to produce 1 Bitcoin.Magazine: Are DAOs unfeasible and overhyped? Lessons from the cutting edge