A miner achieved a rare feat by independently processing a Bitcoin block, earning a reward of approximately $180,000.
Success of Solo Miner
Block 860749, mined on September 10, contained 5935 transactions with a reward of 3.169 Bitcoin, equivalent to about $182,505. The mining pool Solo CK was responsible for this block, according to information from Mempool.space.
Hashrate and Mining Difficulties
Despite its name, Solo CK combines the hashrate of multiple smaller miners, but the reward is only given to the one responsible for solving the block. In this case, the miner used 629 petahashes, which is 0.098% of the total network power of 644.91 exahashes per second. On September 1, the Bitcoin network hashrate reached a new record of 742 EH/s.
Miners and Their Rewards
Since Bitcoin's launch in 2009, solo miners have solved only 290 out of 859,000 created blocks. Large mining firms like Bit Digital, Riot Blockchain, and Marathon Digital typically validate most blocks as they command significant amounts of power.
Mining blocks solo is a rare and challenging achievement but possible. The Solo CK pool has shown that even small miners can succeed.
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