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

Solo Miner Earns $180,000 Mining Bitcoin Block

user avatar

by Giorgi Kostiuk

2 years ago


  1. Unexpected Miner Luck
  2. Solo Mining Challenges
  3. Position of Mining Leaders

  4. An unknown Bitcoin miner earned $180,000 in one day by mining one of the latest blocks in the network.

    Unexpected Miner Luck

    According to mempool.space, block 860749 was mined through Solo CK, a unique mining pool where participants do not share rewards. The miner claimed the entire 3.169 BTC, which includes Bitcoin’s full block subsidy and transaction fees.

    Solo Mining Challenges

    The achievement is particularly notable as Bitcoin’s hashrate continues to reach all-time highs, making the competition in the mining industry tougher than ever. Additionally, with Bitcoin’s price struggling in recent months, solo mining has become increasingly risky due to its unpredictable nature. Bitcoin mining works like a lottery—the more electricity a miner consumes, the greater their chances of solving the next block and receiving BTC rewards.

    Position of Mining Leaders

    Most miners, including corporate giants with highly efficient mining fleets, avoid solo mining and instead combine their hash power in shared mining pools, splitting rewards based on contribution. FoundryUSA and Antpool, the two largest pools, control 60% of Bitcoin’s hashrate. In contrast, Solo CK, focused on anonymity and low overhead, does not rank among the largest miners.

    Despite the high chances against them, solo miners continue to show success. Just two weeks ago, another solo miner earned over $200,000 by mining block 858978.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Experiences Major Exchange Outflow

chest

XRP has seen significant accumulation signals with a record outflow from exchanges.

user avatarElias Mukuru

Aurora Labs CEO Raises Concerns Over Litecoin Attack

chest

Aurora Labs CEO Alex Shevchenko raises concerns that the recent Denial-of-Service attack on the Litecoin network may have been an inside job, citing the attacker's prior knowledge of a zero-day vulnerability.

user avatarDiego Alvarez

Denial-of-Service Attack Disrupts Litecoin Mining Pools

chest

Denial-of-Service attack disrupted major Litecoin mining pools due to a zero-day vulnerability, but the issue has been patched and the network is operational.

user avatarKenji Takahashi

Admiral Paparo Highlights Bitcoin's Role in National Security

chest

Admiral Samuel Paparo highlighted Bitcoin's significance as a strategic asset for US cybersecurity during a Senate hearing, but faced criticism from the Bitcoin community regarding the military's grasp of the technology.

user avatarMaria Fernandez

Analysts Predict Strong Growth for Nvidia Stock by 2026

chest

Analysts predict Nvidia stock could reach between 250 and 380 by 2026, driven by AI demand.

user avatarRajesh Kumar

Nvidia Stock Price Target Consensus Reaches 26880

chest

The consensus price target for Nvidia stock is currently set at 26880, based on the analysis of 47 analysts tracked by TradingView.

user avatarGustavo Mendoza

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.