Bitcoin Miner Wins $180000 Solving Block alone
- A Bitcoin miner from the Solo CK pool earned around $180,000 by solving a block independently, a rare achievement due to high hashrate competition.
- Bitcoin Solo miners face steep odds as network hashrate reached a record 742 EH/s, making it difficult for smaller miners to solve blocks.
- Solo CK has consistently delivered wins for smaller miners, solving 14 blocks in the last year and earning 59.3 BTC, worth around $3.4 million.
Bitcoin Miner Wins $180K by Solving Solo Block Reward
On September 10, a Bitcoin miner accomplished the rare feat of solving a block independently, earning a significant reward of approximately $180,000. The block in question, Block 860749, contained 5,935 transactions and netted the successful miner 3.169 Bitcoin (BTC), valued at around $182,505 at current prices. The miner was part of the Solo CK mining pool, which is known for combining the computing power of smaller miners.
Bitcoin Solo Mining: A Rare Occurrence
Solo miners solving Bitcoin blocks are a rare occurrence due to the immense computational power, or hashrate, required. Despite its name, the Solo CK pool combines the hashrate of various smaller miners but only rewards the individual who successfully solves the block. In this instance, the solo miner utilized 629 petahashes per second (PH/s), a tiny fraction of the overall Bitcoin network’s hashrate, which stood at a massive 644.91 exahashes per second (EH/s).
Bitcoin Solo Mining Challenges
With the Bitcoin hashrate recently reaching an all-time high of 742 EH/s on September 1, solo miners face significant challenges. Higher hashrates demand greater computing power and energy consumption, making it difficult for smaller miners to compete with large-scale mining operations. Despite the steep odds, solo miners like this one can still achieve success, though it’s rare—only 290 blocks out of more than 859,000 have been solved solo since Bitcoin’s inception in 2009.
Bitcoin Solo: Continued Success
This isn’t the first major win for Solo CK miners. The pool has been responsible for solving 14 other blocks in the past year, collectively earning around 59.3 Bitcoin, currently valued at $3.4 million. A similar win occurred on August 30, where a miner in the Solo CK pool solved a block and received a nearly $200,000 reward. Back in July, another miner from the same pool also struck it big, earning around $210,000 by solving Block 853,742.
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