Amid soaring global hash rates and fierce competition, an independent SOLO miner defied the odds by successfully mining Bitcoin Block #899,826, securing a staggering 3.151 BTC (~$330,386) reward.
The Winning Breakdown
- Block Reward: 3.125 BTC (~$327,625)
- Transaction Fees: 0.026 BTC (~$2,761)
- Total Earnings: 3.151 BTC (~$330,386)
The miner achieved this feat on June 5 using CKpool, a solo mining platform. CKpool developer Con Kolivas celebrated the milestone on X:
"Congratulations to miner 'bc1qa8r4up9nchkvdnhcf9feexv2jfantrk48ef374' for mining the 300th block on solo.ckpool.org!"
Key Details:
- Hashrate Surge: From a weekly average of 6.11 PH/s to a peak of 261 PH/s (40x increase), likely via cloud hashpower rentals.
- Winning Odds: Just 0.03% (1 in 3,050) against Bitcoin’s 796 EH/s global hash rate.
👉 Discover how cloud mining can boost your solo mining success
Rare but Possible: Solo Mining Wins
While uncommon, solo miners occasionally strike gold:
- April 2023: A miner won $218K at 1 in 5,000 odds.
- Record-Breaker: One miner triumphed against 1 in 1.3 million odds, earning $260K.
FAQs
Q: Is solo mining profitable for small-scale miners?
A: It’s high-risk but high-reward. Cloud hashpower rentals can improve odds, as seen in this case.
Q: How does CKpool work for solo miners?
A: CKpool aggregates individual miners’ resources while allowing them to retain full block rewards.
Q: What’s the average ROI for solo mining?
A: Highly variable. Success depends on luck, hashpower, and network difficulty.
👉 Learn about optimizing your mining strategy