Solo miner has once again mined a Bitcoin block

On November 26, a solo miner with a hashrate of 2 PH/s mined block #818,588 in the Bitcoin blockchain. This was reported by CKPool administrator Con Kolivas.

Congratulations to miner 15VYcdhWXB2tpKmFHKT9DcGLWDQJQ2XMJW with 2PH for solving the 279th solo block at https://t.co/UWgBvLkDqc!
A miner of this size would solve a block on average only once every 5 years. https://t.co/KHcAVn8rM9 pic.twitter.com/0Cwm9f3Znb

— Dr. Con Kolivas (@ckpooldev) November 26, 2023

“A miner of this size would solve a block on average only once every five years,” wrote Kolivas.

According to BTC.com, the user received a reward of 6.25 BTC ($230,954 at the time of writing).

According to Glassnode, the network hashrate at the time stood at 499.3 EH/s (seven-day moving average).

In October, another solo miner mined a block in the Bitcoin network with a hashrate of 11 PH/s.

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

In late November, after another recalculation of Bitcoin’s mining difficulty increased by 5%. The metric rose to a new high of 67.96 T.