Solo Bitcoin Miner Hits $200K Jackpot with Just 0.012% of Hashrate

King Newswire | September 2, 2024

A single miner from the Solo CK pool solved a Bitcoin block with 0.4 Seventeen Thousand Five Hundred organizations forming 223% of the hash rate of 7356. Yet another lone Bitcoin miner has just scored a big win in Bitcoin mining and has solved a Bitcoin block, earning himself almost $200,000.

The miner processed block number 858,978 at 4:21 PM UTC, as per the Bitcoin block explorer Mempool stated above. The block consisted of 2,391 transactions, and the miner received 3.27 Bitcoin (BTC tickers down $59,585) for their efforts, worth $199,094 at today’s prices.

Solo Bitcoin Miner Hits 0K Jackpot with Just 0.012% of Hashrate — The solo miner netted 9,000 for their efforts. Source: Mempool.space

Perhaps, it is important to remember that the miner who worked on the block was from the Solo CK Pool, which has no similarity to any other pool. According to Mempool, the Solo CK miner used 456 petahashes of hash rate at the time of solving the block with space data. Currently, the average network hash rate is 665 exahash per second (EH/s). So the miner, who processed the transaction, was operating approximately at 0. From the table above, it became clear that the Jackson Mining Corporation was able to mine 0.12% of the average hash rate.

Bitcoin’s hash rate, for example, rose to a record high of 754 EH/s on July 23, as seen in BitInfoCharts. Even though the notion of a “pool” is implied, Solo CK coordinates the hash rate of small miners and gives the reward to only one miner who solves the block. The miner contributed approximately 14 Bitcoin blocks in the last year, and 59.3 Bitcoin, the value of which stands at $3. With current prices, it totals 5 million.

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Solo Bitcoin Miner Hits $200K Jackpot with Just 0.012% of Hashrate

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