A miner from the Solo CK pool achieved a significant win by solving a major block with just 0.012% of the average network hashrate.
Event Description
Operating as part of the Solo CK pool, this miner processed block number 858,978 at precisely 4:21 pm UTC, according to data from the Bitcoin block explorer Mempool.space. This achievement was aided by the use of only 456 petahashes, a fraction compared to the average network hashrate of 665 exahashes per second.
Rare Solo Mining Success
The Solo CK pool was operating at just 0.012% of the average network hashrate when the block was solved. This is an extraordinary feat given that Bitcoin’s hashrate recently peaked at an all-time high of 754 EH/s on July 23rd, according to BitInfoCharts. The block mined by the Solo CK pool contained 2,391 transactions and rewarded the miner with 3.27 Bitcoin, amounting to $199,094 at current prices.
Solo CK Pool's Track Record
Solo mining, where individual miners or small pools attempt to solve Bitcoin blocks independently, is a rare occurrence due to the dominance of large mining operations. Over the past year, the Solo CK pool has solved 14 Bitcoin blocks, earning them a total of 59.3 Bitcoin, valued at $3.5 million at current prices.
This instance highlights the unpredictable nature of Bitcoin mining, where even a small fraction of hashrate can yield significant rewards.
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