A single Bitcoin miner has just earned a satisfying result from his mining activity.

Quoting Cointelegraph, Sunday, September 1, 2024, the miner processed block number 858,978 at 4:21 local time, according to data from the Bitcoin block explorer Mempool.space. The block contained 2,391 transactions, and the miner received 3.27 BTC, worth USD 199,094 or around Rp. 3 billion at the current price.

The miner responsible for processing the block is Solo CK Pool, which is a solo mining pool that does not act like a typical mining pool.

According to Mempool data, the Solo CK miner was using a hashrate of 456/PH at the time the block was solved. The current average network hashrate is 665 EH/s, meaning the miner processing the transactions was running at around 0.012% of the average hashrate.

Bitcoin's own hashrate reached an all-time high of 754 EH/s on July 23, 2024, according to BitInfoCharts.

Previously, in 2023, miner SoloCK had solved 14 Bitcoin blocks, receiving 59.3 Bitcoins, which is worth $3.5 million or Rp54.2 billion at current prices.

Due to the dominance of large mining companies such as Riot Blockchain and Marathon Digital, which control large amounts of hashrate power, it is very rare for a single miner to successfully validate a block.

A single miner successfully processing a block is so rare that it has only happened about 290 times out of the 859,000 blocks produced since Bitcoin was launched 14 years ago.