• 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

Market Dynamics Indicate Supply Shock for XRP

chest

Current market analysis reveals that only 17 billion XRP remains on exchanges, the lowest supply in seven years. This decline in liquid supply, combined with growing demand, suggests a potential supply shock for XRP.

user avatarLi Weicheng

Axiology Secures TSS License Under EU DLT Pilot Regime

chest

Axiology has secured a Trading and Settlement System license under the EU DLT pilot regime, enhancing its credibility in digital asset trading.

user avatarTenzin Dorje

XRP Ledger Positioned as Key Player in Institutional Capital Movement

chest

The XRP Ledger is emerging as a foundational layer for institutional capital, focusing on efficiency and scalability.

user avatarAisha Farooq

DeFi Sees Significant Recovery with $95 Billion Locked

chest

DeFi has reclaimed $95 billion in total value locked, indicating a significant recovery driven by real demand and a shift towards viewing DeFi as financial infrastructure.

user avatarElias Mukuru

Bank of Korea Calls for Enhanced Safety Measures in Cryptocurrency Sector

chest

The Bank of Korea has called for enhanced safety measures in the cryptocurrency industry following a significant operational failure at Bithumb.

user avatarBayarjavkhlan Ganbaatar

Stablecoin Dominance Stabilizes After Strong Growth

chest

Stablecoin dominance has stabilized around 13%, indicating a cautious market environment after a strong upward move.

user avatarMohamed Farouk

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.