Solo Bitcoin Miner Earns $148K Reward
A single Bitcoin miner was rewarded for adding block 780,112 to Bitcoin’s blockchain, defying the odds as tens of thousands of others raced to the same goal.
According to BTC.com’s Bitcoin explorer, the miner used the Solo CK Pool mining service to create a solo mining pool, where they produced a valid hash for the block and received a reward of 6.25 BTC and a fee reward of around 0.63 BTC—worth about $148,000.
A Twitter user remarked on how fortunate the solo miner was to produce a valid hash, stating that given the limited computing power they used, it would normally take a miner much longer to create a valid transaction.
A solo Bitcoin miner with an average hashing power of just 10 TH/s won the race to add block 772,793 to the Bitcoin blockchain on 10th March.
The miner worked with an average hashing power of 6.7 PH/s, according to @ckpooldev. Around the time that the block was added, Bitcoin’s total hash rate was around 308,262 PH/s, meaning the solo miner’s 6.7 PH/s hash rate represented roughly 0.002% of the blockchain’s entire computational power.
The block mined by the solo miner contained 3,220 transactions that consisted of around 16,940 worth of Bitcoin volume.
(With inputs from Shikha Singh)
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