• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solo Bitcoin Miner Processes Block and Wins $200K with 0.012% Hashrate

user avatar

by Giorgi Kostiuk

10 months ago


  1. Event Details
  2. Hashrate Statistics
  3. Rarity of Success

  4. A solo Bitcoin miner has successfully processed a block, earning nearly $200,000 despite having a very small share of the overall network's power.

    Event Details

    The miner processed block number 858,978 at 4:21 pm UTC. The block contained 2,391 transactions, and the miner received 3.27 BTC, worth $199,094 at the time of writing.

    Hashrate Statistics

    The mining was done through Solo CK Pool, which utilized 456 PH/s of hashrate. The average Bitcoin network hashrate is currently 665 EH/s, making the miner’s contribution about 0.012% of the total power. The network’s hashrate reached an all-time high of 754 EH/s on July 23, according to BitInfoCharts.

    Rarity of Success

    Due to the dominance of large mining firms like Riot Blockchain and Marathon Digital, solo miners’ successes are much rarer. Throughout Bitcoin's history, approximately 290 out of 859,000 blocks have been successfully processed by solo miners. Similar cases were reported in March and July 2023.

    Solo miners continue to demonstrate that significant achievements in Bitcoin mining are possible even with minimal power, despite the dominance of large mining companies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Metaplanet's Strategy of Utilizing Bitcoin for Acquisitions

chest

Metaplanet is accumulating Bitcoin for strategic acquisitions, including plans for a potential digital bank in Japan.

user avatarGiorgi Kostiuk

KuCoin's Approach to Compliance Under BC Wong: Challenges and Prospects

chest

BC Wong, CEO of KuCoin, discussed the importance of compliance and the future of stablecoins amidst criticism from ZachXBT.

user avatarGiorgi Kostiuk

XRP: Key Indicators Amid Potential Upsurge

chest

XRP is at a critical stage with a symmetrical triangle signaling potential price movement. Analysis of the current situation by Steph Is Crypto.

user avatarGiorgi Kostiuk

OT MANAGEMENT Introduces a Retail Investor-Centric Model

chest

OT MANAGEMENT, LLC develops a strategy focused on retail investors under the leadership of Daniel John Impens.

user avatarGiorgi Kostiuk

Pi Network: Prospects Amid Overall Cryptocurrency Market Growth

chest

Despite the overall recovery of the cryptocurrency market, Pi Network continues to face challenges. An overview of the technical situation and possible scenarios.

user avatarGiorgi Kostiuk

Bit Digital: A Complete Shift from Bitcoin to Ethereum

chest

Bit Digital has sold all its Bitcoin and invested $200 million into Ethereum.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.