On May 23, the solo miner mined block #790,958 in the Bitcoin blockchain with a hashrate of 750 TH. This was reported by CKPool administrator Con Kolivas.
Congratulations to miner bc1q0ftg0p7ljsj3m32e22ned92536gr5tafctr7mp who solved the 274th solo block at https://t.co/UWgBvLk5AE with approximately 750TH https://t.co/FmV1QRrhCt
— Dr. Con Kolivas (@ckpooldev) May 23, 2023
According to BTC.com, the user received a reward of 6.25 BTC and fees of 0.24 BTC for a total of $177 115 at the time of writing.
This is the 247th block within CKPool. According to Kolivas’s statement, at such hashrate, this power would mine a block on average every 9 years, given the current difficulty.
On May 18, as a result of recalculation the metric increased by 3.22%, updating the peak to 49.55 T.
“Mining solo is a gamble, and the overwhelming majority of you will never solve a block,” warned the administrator of the solo pool to newcomers.
According to Glassnode, the network hash rate at that moment stood at 357.5 EH/s (the smoothed seven-day moving average).
In March, another solo miner mined a block in the Bitcoin network with a hash rate of 6.7 PH.
Earlier, a user with a hashrate of only 10 TH/s mined a block of the first cryptocurrency. His share of the network’s hashing power was 0.000000036%.