Solo Miner Secures Bitcoin Block, Earning $181,000

On September 10, a solo miner successfully added block #860,749 to the blockchain of the leading cryptocurrency, earning 3.169 BTC ($181,147) in subsidies and fees.

The block contained 5,959 transactions. In addition to the post-April halving reward of 3.125 BTC, network fees amounted to just 0.44 BTC, or 1.4% of the total.

CKPool administrator Con Kolivas noted that the miner used equipment with a hash rate of 82 PH/s—a significant figure for solo mining.

Congratulations to miner 3Ea12CGa2T1xRchP4zyng684CcqbicFUeJ with a massive 82PH for solving the 292nd block at solo ckpool!https://t.co/0adUqEVrOx pic.twitter.com/BqITW8EYQT

— Dr -ck (@ckpooldev) September 10, 2024

On August 29, fortune favored a pool participant with a total device performance of 38 PH/s. According to Kolivas, this allows a solo miner to expect to mine a block approximately once every four months.

According to Glassnode, on September 8, Bitcoin’s hash rate (smoothed by a 7-day moving average) reached a peak of 693.9 EH/s. The figure adjusted to around 672 EH/s.

As reported by Protos, by early September, solo miners had mined at least 329 blocks since 2014.