Solo Miner Earns $180,000 Mining Bitcoin Block

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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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

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