Bitcoin miner breaks the bank: $180,000 in a single block!

A Bitcoin miner has managed to earn about $18,000 by processing a single block.

According to Mempool.space, block number 860749, which was mined on September 10, had 5,935 transactions. The mining pool Solo CK was awarded 3,169 Bitcoin ($BTC ) worth about $182,505. According to data from Bitcoin transaction tracker YCharts, the successful miner used a hash rate of 629 petahashes when the block was solved, which is only 0.098 percent of the total power securing the blockchain and occurs at 644.91 exahashes per second (EH/s).

This rate requires miners to use more processing power, increases energy costs, and increases verification and transaction times, making it harder for solo miners to successfully verify a block. Of the 859,000 total blocks produced since #Bitcoin was launched in 2009, a single miner has only managed to solve a block 290 times.

Large mining companies like Bit Digital, Riot Blockchain, and Marathon Digital typically validate the most blocks, as they each have a large amount of hash power. The Solo CK pool was responsible for solving 14 more blocks last year, earning 59.3 Bitcoin for their efforts, currently worth $3.4 million.

A miner from the Solo CK pool also processed a block on August 30, earning the miner around $200,000. Another solo miner from #Solo CK also mined block number 853,742 on July 25.