- A solo Bitcoin miner earned $182,505 by solving Block 860749 with only 0.098% of the total network hashrate.
- The Bitcoin network’s hashrate reached an all-time high of 742 EH/s, showing a 62% increase from the previous year.
- Solo CK miners solved 14 blocks in the past year, collectively earning 59.3 Bitcoin, worth approximately $3.4 million.
A solo Bitcoin miner recently made headlines after earning $182,505 for solving Block 860749. The miner, part of the Solo CK pool, validated 5,935 transactions on September 10. For this accomplishment, the miner received 3.169 Bitcoin, which was valued at $182,505 at the time. The feat is notable because the miner used only 0.098% of Bitcoin’s total network hashrate.
Small Hasrate, Big Win
Despite the massive competition, this miner was able to solve the block using 629 petahashes of computing power, a fraction of the network’s total hashrate. The total Bitcoin network’s hashrate stood at 644.91 exahashes per second (EH/s) during the time of the block validation. Solo mining has proven challenging for smaller miners, yet this recent success illustrates that it’s still possible to win big.
Record Bitcoin Network Hashrate
The overall Bitcoin network’s hashrate recently hit a record of 742 EH/s on September 1. This marks a 62% increase from the previous year’s rate of 395.70 EH/s. The rising hashrate means solo miners are facing increasing difficulty in competing with large-scale operations. Higher hashrates typically require larger investments in computing power and higher energy costs, creating obstacles for smaller miners.
Solo CK’s Consistent Success
Despite the increasing competition from large mining firms, Solo CK pool miners have had notable success. Over the past year, Solo CK miners have solved 14 blocks, earning a collective total of 59.3 Bitcoin, which is worth approximately $3.4 million today. This demonstrates that under certain conditions, solo miners can still achieve remarkable payouts in the competitive Bitcoin mining environment.
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