Solo Miner Earns $180,000 Mining Bitcoin Block

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Nvidia Introduces OpenShell Reference Architecture for AI Agents

Nvidia has introduced the OpenShell Reference Architecture, a design for managing autonomous AI agents, at GTC Berlin.

user avatarNguyen Van Long

OpenAI Announces $1 Billion Commitment to Cybersecurity

OpenAI announced a $1 billion commitment to enhance cybersecurity measures through its AI program, Daybreak, aimed at providing subsidized access to advanced AI tools for defenders of critical infrastructure.

user avatarSatoshi Nakamura

Elon Musk Proposes Merger of SpaceX and Tesla

Elon Musk announced that SpaceX and Tesla have formed special committees to explore a merger that could create a corporation valued at approximately $35 trillion.

user avatarJesper Sørensen

Standard Chartered to Acquire Zodia Custody

Standard Chartered has signed definitive agreements to acquire Zodia Custody Limited, enhancing its digital asset safekeeping services.

user avatarRajesh Kumar

Critical PHP Vulnerability Leads to Global Website Shutdowns

A critical vulnerability in PHP has caused panic worldwide, leading several countries to take down government websites and urging organizations to shut down their PHP-based sites.

user avatarLucas Weissmann

Probly Showcases Innovative Prediction Market Solutions at TOKEN2049

During TOKEN2049, Probly showcased its innovative approach to prediction markets, emphasizing accessibility, broad market coverage, and onchain settlement.

user avatarFilippo Romano

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.