Solo Bitcoin Miner Strikes It Big with $200K Reward

A Rare Feat in Bitcoin Mining

The Solo CK Pool is unique in that it combines the hashrate of smaller miners but only rewards the miner who actually solves the block. In this case, the miner who succeeded was using 456 PH/s of hashrate, a mere 0.012% of the current average network hashrate of 665 EH/s. This highlights the extraordinary nature of the achievement, as solo miners rarely have the power to compete with larger mining operations like Riot Blockchain and Marathon Digital.

A Rare Occurrence in the Bitcoin Network

Solo miners have successfully processed a Bitcoin block only about 290 times out of the nearly 859,000 blocks created since Bitcoin’s inception 14 years ago. The most recent similar event occurred on July 25, when a solo miner solved block 853,742, earning around $210,000. The infrequency of such occurrences underscores the difficulty and rarity of solo mining success in today’s competitive environment.

This event serves as a reminder of the unpredictable nature of Bitcoin mining, where even small players can occasionally hit the jackpot.