1. Miner's Success
2. Network and Achievements
3. Rarity of Solo Miner Success

One Bitcoin miner achieved a significant breakthrough by mining a block and earning approximately $200,000. This event occurred on March 30, 2024.

Miner's Success

The miner processed block 858,978 at 4:21 pm UTC. There were 2391 transactions in the block, and the miner received a reward of 3.27 BTC, worth about $199,094 at current rates. The miner is part of Solo CK Pool, a unique pool for solo miners.

Network and Achievements

Solo CK Pool utilizes the miner’s low hashrate of 456 PH/s, which constitutes just 0.012% of the current normal network hashrate of 665 EH/s. According to BitInfoCharts, Bitcoin’s network hashrate recently hit an all-time high of 754 EH/s. Over the past year, Solo CK Pool miners have solved 14 blocks, earning 59.3 BTC, worth approximately $3.5 million at current prices.

Rarity of Solo Miner Success

Solo miners have succeeded in processing a block only about 290 times out of the 859,000 blocks produced since Bitcoin’s inception 14 years ago. The last instance of such success was on July 25, 2023, when a solo miner solved block 853,742, earning around $210,000.

Individual successes of solo miners remain rare and notable against the backdrop of dominant large mining companies like Riot Blockchain and Marathon Digital.