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.
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.
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 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.
