Solo Miner Strikes Bitcoin Block, Earning Nearly $200,000

On August 29, a solo miner successfully added block #858 978 to the blockchain of the first cryptocurrency, earning 3.275 BTC ($199,101) in subsidies and fees.

CKPool administrator Con Kolivas noted that the user possesses a substantial hash rate for solo mining—38 PH/s. According to his estimation, this level of performance would allow for block mining approximately once every four months.

Congratulations to miner 36AisvWi1UiwLTeTZxLzindAkorqeUc3tT for solving the 291st solo block on https://t.co/UWgBvLkDqc! This hefty miner with 38PH would solve a block on average once every ~4 months. https://t.co/Qw2lamcVKd pic.twitter.com/n5mehMJ9tN

— Dr -ck (@ckpooldev) August 29, 2024

Kolivas added that this is the 291st block mined by CKPool participants, which provides services to individual miners. The structure combines the computing power of clients to increase chances, but the entire reward goes to the one whose equipment directly solved the task.

On July 24, a pool user with a hash rate of 3 TH/s mined the 290th solo block. His total reward amounted to $211,972.

In April, CKPool users achieved similar success twice: the first at the beginning of the month earned approximately $422,750, while the second, due to the halving event, received only ~$218,544.

On August 28, following the latest recalculation, the difficulty of Bitcoin mining increased by 2.99%.