One bitcoin miner defied the percentage and hit it big, successfully mining a bitcoin block and earning around $200,000 in the process. This big breakthrough occurred on March 30, 2024, when the miner processed block 858,978 at 4:21 pm UTC.Solo Miner Hits $200K Bitcoin Jackpot with 0.012% Hashrate
There were 2391 transactions in this block, and the miner received a reward of 3.27 BTC, which is worth about $199,094 in today’s money.
The miner behind this success is part of the Solo CK Pool, a unique single mining pool that otherwise operates from a traditional swim mine although it combines the hashrate of small operator miners and mines he handles the weakest part gets credit.
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This approach used the Solo CK pool miner’s low hashrate of 456 PH/s, a fraction of the current normal network hashrate—almost zero.012%, based on 665 EH/s.
Bitcoin’s network hashrate, which measures the total computational power dedicated to mining, recently hit an all-time high of 754 EH/s on July 23, according to BitInfoCharts.
Solo CK miners have solved 14 Bitcoin blocks over the past year, earning a total of 59.3 BTC, which is worth about $3.5 million at current prices. These successes are notable because of the dominance of large mining companies like Riot Blockchain and Marathon Digital, which control vast amounts of hashrate power. For a solo miner to validate a block is exceptionally rare.Solo Miner Hits $200K Bitcoin Jackpot with 0.012% Hashrate
Solo miners have only succeeded in processing a block approximately 290 times out of the 859,000 blocks produced since Bitcoin’s inception 14 years ago. The last time a solo miner achieved this was on July 25, when they solved block 853,742, earning around $210,000.
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