Solo Miner Earns 3.175 BTC Block Reward Using CKpool

A solo miner using the CKpool mining software secured a 3.175 BTC block reward, marking a rare occurrence in the Bitcoin network. The miner contributed around 200 PH/s to win block 904,989, worth approximately $350,000.

The event underscores the possibility of high rewards through solo mining despite the inherent challenges and costs, sparking broader interest in participating in hashpower marketplaces.

The anonymous miner utilized the CKpool platform, run by Bitcoin developer Con Kolivas, to secure a substantial 3.175 BTC reward. By contributing 200 PH/s, an unprecedented but minuscule share of the Bitcoin network, the miner demonstrated the potential returns of solo mining.

Bitcoin developer Con Kolivas celebrated the achievement, noting the miner’s substantial contribution with a statement on X. No direct links to larger industrial operations were identified, implying potential involvement of rented hashpower to achieve the result.

The incident did not cause any noticeable shifts in market trends or liquidity. Since the reward was isolated to a single miner, the broader Bitcoin network remained unaffected. The potential revenue from solo mining may drive more miners to explore this avenue.

Con Kolivas, Developer, CKpool, “A miner of this size has about a 1 in 2,800 chance of solving a block every day, or once every 8 years on average.”

The mining community viewed the win as a rare statistical outlier, prompting discussions about the current state of solo mining and its potential. While seen as an anomaly, the event reinforces Bitcoin’s decentralized nature and highlights the opportunities within mining.

Insights suggest a growing interest in hashpower marketplaces and the shifting dynamics within the Bitcoin mining ecosystem. The event may influence discussions on mining expenses and electricity costs, especially in countries with high operational fees like Australia.