• 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

a year 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

SWIFT Tests XRP Integration for Enhanced Payment Systems

chest

SWIFT is testing the integration of the XRP Ledger to enhance cross-border payment efficiency.

user avatarDiego Alvarez

Tether Freezes $544 Million in Assets Linked to Illegal Betting Operation

chest

Tether has frozen approximately $544 million in assets linked to an illegal online betting operation at the request of Turkish prosecutors.

user avatarKenji Takahashi

Tether Mints $1 Billion USDT Amid Bitcoin Selloff

chest

Tether minted an additional $1 billion USDT amid a sharp decline in Bitcoin prices, providing liquidity during a volatile market.

user avatarKenji Takahashi

XRP Price Shows Signs of Recovery After Significant Dip

chest

XRP price has rebounded after hitting a low of 116, with increased whale activity and unique addresses on the XRP Ledger.

user avatarMaria Fernandez

Arthur Hayes Attributes Bitcoin Selloff to IBIT Hedging

chest

Arthur Hayes attributes the recent Bitcoin selloff to hedging related to BlackRock's iShares Bitcoin Trust (IBIT), indicating that dealer hedging can lead to significant mechanical selling when market conditions shift.

user avatarGustavo Mendoza

The PASS: New Utility NFTs to Empower Web3 Creators

chest

The PASS has been introduced as a framework for Web3 creator economies, offering Utility NFTs that enable community creation and governance.

user avatarRajesh Kumar

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.