Crypto:
31385
Bitcoin:
$63.803
% 2.66
BTC Dominance:
%57.2
% 0.05
Market Cap:
$2.18 T
% 4.79
Fear & Greed:
49 / 100
Bitcoin:
$ 63.803
BTC Dominance:
% 57.2
Market Cap:
$2.18 T

Solo Bitcoin Miner Nets $200,000 After Successfully Processing Rare Block

Bitcoin Mining, Bitcoin Halving

Against all the odds, one lone Bitcoin miner has efficiently processed a block earning almost $200,000. Working via the Solo CK Pool, data from Mempool.space shows the miner solved block number 858,978 at 4:21 pm UTC. The miner received 3.27 BTC, worth $199,094 at current prices from 2,411 transactions in the block.

Special in that it combines the hashrate of small miners and compensates the miner in charge of block solving only Here the Solo CK miner utilized 456 PH/s of hashrate, a tiny 0.012% of the average network hashrate—which as currently is 665 EH/s. This makes the successful processing of a block by one miner quite rare, especially in a landscape dominated by big mining businesses like Riot Blockchain and Marathon Digital.

The hashrate of Bitcoin peaked on July 23 at 754 EH/s, highlighting the great challenge lone miners face. Despite these difficulties, the Solo CK Pool has solved 14 Bitcoin blocks in the last year, producing a total of 59.3 BTC, or almost $3.5 million at current prices.

Just over 290 times out of the approximately 859,000 blocks created since Bitcoin’s inception 14 years ago is a single miner properly validating a block occurring. Earlier to this, on July 25, a single miner solved block 853,742 which rewarded about $210,000.

Another individual miner saw the price of Bitcoin fall and invested the whole 6,25 BTC for solving a single block in March of 2023, despite the fact that it cost him around $150 000 back then. The last successful block validation by a solo miner proves the popularity and difficulties

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