Solo Bitcoin Miner Hits $210K Block Reward in Rare CKpool Win

CryptoNewsFlash
BTC-2,48%

  • A solo Bitcoin miner has landed a 3.139 BTC reward worth roughly $210,000 after solving a block through CKpool.
  • The miner was running around 230 TH/s, giving the setup roughly 1-in-28,000 odds of finding a block on any given day.

A solo Bitcoin miner has just pulled off one of the rarer wins in the mining game. The miner, connected to solo.ckpool.org, solved a Bitcoin block and collected a total reward of 3.139 BTC. That haul included the standard 3.125 BTC block subsidy and another 0.014 BTC in transaction fees, worth about $937 at the time. All in, the payout came to roughly $210,000. A small rig, a big hit What makes the block find stand out is the scale behind it. According to CKpool developer Con Kolivas, the winning miner was running about 230 terahashes per second. In today’s Bitcoin mining landscape, that is modest stuff, especially compared with the industrial-scale operations that usually dominate block production. Kolivas said a miner of that size has roughly a 1-in-28,000 chance of solving a block on any given day. That puts the win squarely in long-shot territory. Not impossible, obviously. Just rare enough that the market still pays attention when it happens. He also noted that this was the 312th solo block solved through solo.ckpool.org, the anonymous solo mining pool that has been around since 2014. The solo mining lottery is still alive CKpool’s solo service is built for miners who want a direct shot at the full block reward rather than the smaller, steadier payouts that come from traditional mining pools. The trade-off is simple. You can wait a very long time and get nothing, or you can hit a full block and take home the whole reward minus the pool’s 2% fee. That structure keeps solo mining in a strange place inside Bitcoin. It is not the efficient route for most operators, and nobody serious would call it predictable, but it still holds a certain appeal. Every now and then, a smaller miner beats the odds and reminds the market that even in a network ruled by hashpower, variance still has a say.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BTC falls below 75000 USDT

Gate News bot message, Gate market data shows that BTC has fallen below 75000 USDT, with the current price at 74996.3 USDT.

CryptoRadar2m ago

Iran Uses Bitcoin for Hormuz Strait Oil Transit Fees, But Stablecoins Handle Majority of Actual Fund Transfers

Iran is utilizing Bitcoin for oil transit fee settlements via the Strait of Hormuz, but stablecoins dominate actual fund transfers in these transactions.

GateNews1h ago

Galaxy Research Chief: U.S. OFAC Sanctions List Involves 518 Bitcoin Addresses

The U.S. Treasury's OFAC sanctions list includes 518 Bitcoin addresses that have significantly engaged in crypto transactions, currently holding about 9,306 BTC valued at $707 million, highlighting the relationship between cryptocurrency and financial regulation.

GateNews5h ago

Bitcoin Swings on Hormuz Strait Reports, Triggering $762M in Liquidations

Bitcoin rose to $78,000 but dropped to $76,091 following reports of tensions in the Strait of Hormuz. Iran's actions triggered $762 million in liquidations among traders, with implications for crypto markets as Iran accepts payments in bitcoin and other currencies to navigate sanctions.

GateNews7h ago

Former UK PM Liz Truss Publicly Endorses Bitcoin as Tool Against Currency Debasement

Former UK Prime Minister Liz Truss criticized Britain's economic trajectory, citing high taxes and regulations. She advocates for Bitcoin to combat currency debasement and is organizing a conference to promote a movement for sovereignty and freedom.

GateNews19h ago
Comment
0/400
No comments