A recent event in the world of Bitcoin mining has garnered significant attention. An independent miner in Solo CK Pool managed to mine a block, raising interest in the potential revival of solo mining.
Unique Achievement: Block 903,883
An independent miner operating through Solo CK Pool successfully validated block number 903,883 of Bitcoin, earning a reward of 3.173 BTC, equivalent to about $349,028. This achievement was announced by Dr. CK, the developer and pool administrator, who praised the feat on platform X: "Congratulations to miner with 2.3 PH for solving block number 301."
Statistics and Odds of Solo Mining
According to pool administrators, the odds of success for a miner of this size are approximately 1 in 2,800 per day, suggesting a win every 8 years. Comparatively, the winning miner's power amounted to only 0.00026% of the total network hashrate, highlighting the extraordinary nature of such an event.
The Future of Solo Mining in an Industrialized Network
While this success raises questions about the potential for solo mining in today's landscape dominated by large pools, such achievements remain rare. Optiminer's founder, Scott Norris, likened solo mining to a game of chance: "It's like playing the lottery."
Despite financial and statistical challenges, this case highlights the openness of the Bitcoin network, allowing independent players to disrupt the established order, if only for a short time.
