Solo miner earns about $160,000 for mining a Bitcoin block

In the night of August 19, a solo miner mined block #803 821 in the Bitcoin network and earned a reward of 6.31 BTC, including fees.

He used the Solo CK pool. Taking fees into account, the user earned about $161,000 at the rate prevailing at the time of mining.

According to on-chain data, the lucky miner has already moved the funds to other wallets.

Solo CK’s curator Kon Kolivas congratulated the participant. According to him, he used devices with a total hashrate around 1 PH. This is significantly lower than that of large miners, whose power is measured in EH.

A miner of that size would solve one block on average only once every seven years at a difficulty of 52.39 T, he noted.

Kolivas also added that the user likely connected 10 Antminer S17 devices.

BTC.com reports that in 2023 solo miners on Solo CK mined ten Bitcoin blocks. In the pool’s history, their total reached 277.

Earlier in May, the same solo miner mined block #790 958 with a hashrate of 750 TH/s.

Earlier, a user with a total hashrate of only 10 TH/s mined the first cryptocurrency block. His share of the network’s computing power was 0.000000036%.