Solo Miner Hits Jackpot, Earns $310K for Mining a Bitcoin Block

A Bitcoin miner has efficiently mined Block 883,181, securing a reward of roughly $310,000.

The miner, who operated independently with out the backing of a significant mining firm, solved the cryptographic puzzle required to validate transactions and add a brand new block to the Bitcoin blockchain.

The Mining Methodology

Crypto journalist Pete Rizzo first reported the uncommon occasion on X, revealing that the miner processed a block containing 3,071 transactions.

The miner acquired a reward of three.125 BTC for fixing the block and a further 0.033 BTC in transaction charges, leading to a complete earnings of three.158 BTC. With the cryptocurrency priced at round $98,300 on the time, this amounted to a payout of roughly $310,000.

Whereas the precise setup utilized by the person stays unclear, hypothesis has emerged on X concerning their potential gear. Some customers suggested that the miner might have used a $200 BitAXE residence mining machine. Others consider they could have leveraged CKPOOL, a mining pool for solo miners that permits people to take part with out counting on a significant agency.

In line with data from BitInfoCharts, as of February 11, 2025, the Bitcoin community’s common hash fee is roughly 800.52 exahashes per second (EH/s). At this degree, the possibilities of a person miner efficiently including a block to the blockchain are extraordinarily low.

Most Bitcoin blocks are generated by large-scale industrial operations, which appear like warehouses stuffed with highly effective, high-cost mining machines run by publicly traded corporations. Nonetheless, on uncommon events, a lone miner manages to beat the percentages and mine a block independently.

Earlier Solo Mining Successes

Solo mining includes a person trying to resolve advanced cryptographic puzzles with out help from a mining pool.

As Bitcoin’s mining problem will increase, the method requires extra sources, making it more difficult for such operators to succeed. The rising value of Bitcoin has additionally led to elevated competitors, contributing to the next total hash fee and decreasing the probability of such occurrences.

Nonetheless, there have been different situations of particular person miners efficiently mining a Bitcoin block. On April 29, 2024, a miner independently mined Block 841,286, earning them a complete 3.125 BTC reward, valued at round $200,000 on the time.

In July of the identical 12 months, a BitAXE machine with a hashrate of solely 500 gigahashes per second (Gh/s) efficiently mined Block 853,742, securing a reward of $206,000 in Bitcoin. This case was notably notable given the likelihood of such an occasion occurring was estimated at 1 in 1.1 billion roughly each ten minutes.