ššš Solo miner wins $200K Bitcoin lottery with just 0.012% of #hashrate
A solo #bitcoinminer recently struck gold by successfully processing a Bitcoin block, earning nearly $200,000 in the process.
The miner achieved this feat by processing block number 858,978 at 4:21 pm UTC, as recorded by Bitcoin block explorer Mempool.space. This block contained 2,391 transactions, and the miner was rewarded with 3.27 Bitcoin ($BTC ), valued at approximately $199,094 at current prices.
Interestingly, the miner was part of the Solo CK Pool, a unique solo mining pool that differs from traditional pools. According to Mempool.space, the Solo CK miner utilized 456 petahashes of hashrate to solve the block. In comparison, the current average network hashrate stands at 665 exahashes per second (EH/s), meaning this miner was operating with just 0.012% of the average hashrate.
Bitcoin's hashrate reached an all-time high of 754 EH/s on July 23, according to BitInfoCharts.
Despite its name, Solo CK Pool aggregates the hashrate of small miners, but only the miner who successfully solves a block receives the entire reward. Over the past year, this miner has solved 14 Bitcoin blocks, earning 59.3 Bitcoin, equivalent to $3.5 million at current prices.
Given the dominance of large mining firms like Riot Blockchain and Marathon Digital, which control significant hash power, it's extremely rare for solo miners to successfully validate a block. In fact, solo miners have only managed to do so about 290 times out of the 859,000 blocks mined since Bitcoin's inception 14 years ago.
In March 2023, a solo miner earned the full 6.25 BTC reward for solving a block, though the Bitcoin price at that time made the reward worth around $150,000. The most recent solo-mined block before this one occurred on July 25, when a solo miner solved block 853,742, earning around $210,000.
Source - cointelegraph.com
