A solo bitcoin miner has achieved a exceptional feat, defying 1-in-82-year odds to mine block 927,474 and seize the complete block reward and transaction charges—totaling $284,633—late Thursday.
Miner claims full block reward
The successful miner, working by way of the CKpool solo mining pool, earned 3.125 BTC in subsidy ($283,944) and an extra 0.008 BTC ($689) in transaction charges.
In accordance with CKpool developer Con Kolivas, the miner used three machines totaling 270 terahashes per second (TH/s), comparable to 3 Bitmain Antminer S19 ASICs. Kolivas posted on X:
“A miner of this measurement has a 1 in 30,000 probability of fixing a block per day.”
This uncommon occasion equates to a once-in-82-years likelihood for a miner with this hashpower, which represents simply 0.00002% of Bitcoin’s estimated whole community hashrate of 1.15 zettahashes per second (ZH/s) as of December 11.
Compared, main public bitcoin miners like Marathon Digital and IREN function at 59.4 exahashes per second (EH/s) and 50 EH/s, respectively.
For broader community developments, see the bitcoin historic hashrate chart.
Why solo miners take the chance
Most small bitcoin miners sometimes be part of shared mining swimming pools to safe extra frequent, proportional payouts, since solo mining presents a particularly low probability of success.
Nonetheless, some select solo swimming pools like CKpool for an opportunity on the whole block reward, treating it as a high-stakes lottery.
Notably, this isn’t the primary occasion of a solo miner putting it huge. Final month, one other miner with solely 6 TH/s—an excellent smaller setup—beat 1-in-180-million odds to mine a block, incomes round $265,000 in rewards.
Solo miners with bigger or rented hashrates have additionally managed to seek out a number of blocks in latest months.
Bitcoin value and community context
Bitcoin was buying and selling round $92,264 on Friday, marking a 2.2% improve over the previous 24 hours.
The continuing tales of solo mining wins underscore the decentralized and probabilistic nature of bitcoin mining and spotlight the huge scale of the bitcoin community relative to particular person miners.