A solo miner with a hashrate of just 6 TH/s has successfully mined block #924,569 on the Bitcoin network. The reward amounted to 3.146 BTC ($264,558).
CKPool administrator Con Kolivas described the miner as “incredibly lucky.” The odds of generating a block with such computational power are approximately 1 in 1.2 million per day.
According to Glassnode, the global Bitcoin hashrate (7 DMA) is about 1.05 ZH/s, which is 263,750 times greater than the solo miner’s equipment.
Transaction fees in the block reward amounted to 0.021 BTC ($1,802), roughly 0.7% of the total. In November, the share of network fees in miners’ revenue fell to record lows over the past 12 months, below 1%. Nearly all income comes from the block reward of 3.125 BTC.
CKPool allows solo miners to participate in Bitcoin mining, aiming to receive the entire block reward if successful. The platform charges a 2% fee.
The “incredibly lucky” miner’s success marks the 308th in CKPool’s history since 2014. The previous solo block was generated in September, earning 3.13 BTC ($347,980 at the time).
In October, an individual miner connected to the Public Pool platform mined Bitcoin block #920,440. The user’s reward was 3.141 BTC.