Solo miner strikes again with a Bitcoin block

On March 10, a solo miner mined block #780112 in the Bitcoin blockchain. This was reported by CKPool administrator Kon Kolivas.

Congratulations to miner39nDQ9BexEBXpRdkHY1z95CaMDEwh6muPW who solved the 270th solo block at https://t.co/UWgBvLkDqc with 6.7PH but doesn’t appear to have been mining for very long https://t.co/WGVBC3QajX

— Dr. Con Kolivas (@ckpooldev) March 10, 2023

According to BTC.com, he earned a reward of 6.25 BTC and 0.63 BTC in fees for a total of more than $153,000 at the prevailing rate at the time of writing.

“A miner of that size would solve a block on average once every 10 months, but the bitcoins were just mined solo in the last two days. Incredible luck,” wrote Kolivas.

According to Glassnode, network hashrate at the time stood at 308.2 EH/s (seven-day moving average). The miner’s share in the metric was about 0.002% or 6.7 PH/s.

On the Bitcoin forum bitcointalk.org, a user with the handle Pineconeeee admitted to his success. The miner thanked the pool’s founder, called it ‘a great stroke of luck’, and said he was from Russia.

After the recalculation on March 11, mining difficulty stood at the all-time high of 43.55T, according to BTC.com.

Earlier, a solo miner with a hash rate of just 10 TH/s mined a Bitcoin block. His share of the network’s hashrate was 0.000000036%.