Bitcoin News Today: "Solo Bitcoin Miner Defies 1 in 180 Million Odds, Secures $265,000 Reward and Ignites Decentralization Discussion"

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Bitget-RWA2025/11/22 12:08

By:Bitget-RWA

- A solo miner using a 6TH/s rig earned $265,000 by mining block 924,569 via CKPool, defying 1-in-180-million odds. - The miner contributed 0.0000007% of Bitcoin's 855.7EH/s network hash rate, highlighting solo mining's rarity in a centralized industry. - Experts call solo mining a "lottery," while CKPool's 13 solo successes this year fuel debates about decentralization and retail miner persistence. - The win underscores Bitcoin's proof-of-work model, where small-scale operators occasionally challenge inst

Against overwhelming odds, a solo

Bitcoin

miner managed to earn a $265,000 reward by successfully mining block 924,569 on the Bitcoin blockchain, using a relatively modest 6 terahash per second (TH/s) setup. This individual, who utilized the CKPool service, received 3.146 BTC—comprising a 3.125 BTC block reward and 0.021 BTC from transaction fees—based on current market rates

according to the report

. With such a limited hashrate, the chance of this outcome was estimated at just 1 in 180 million per day,

according to Con Kolivas, creator of CKPool

. This achievement marks the 308th solo block found through CKPool since its inception in 2014, and the first in almost three months.

The miner’s hardware was similar to the Bitaxe Gamma—a small, affordable device for enthusiasts that costs less than $100

as reported

. When the block was mined, the total hashrate of the Bitcoin network surpassed 855.7 exahashes per second (EH/s), meaning this miner

contributed only 0.0000007%

of the network’s total computing power. In contrast, large-scale mining firms typically operate with

hundreds of terahashes or more

, relying on significant investments in infrastructure and energy to maximize their returns.

This rare event has sparked renewed debate about whether solo mining is still viable in an industry that is becoming more centralized. While most miners join pools to combine their resources, solo miners keep the entire block reward if they succeed—minus a 2% fee paid to CKPool. "Another block for the plebs,"

tweeted a crypto enthusiast

, highlighting that, although uncommon, individual miners can still achieve such wins. Nonetheless, experts

warn that solo mining is much like

playing the lottery, with most rewards going to a small number of participants.

This payout highlights the fundamentals of Bitcoin’s proof-of-work system, where miners race to solve complex algorithms to confirm transactions and maintain network security. The 3.125 BTC block reward, plus transaction fees, offers a substantial incentive, though fees now make up less than 1% of miners’ earnings due to low network activity.

CKPool, which operates differently from conventional mining pools,

has enabled 13 solo block finds

so far this year, averaging just over one per month. This recent success underscores the determination of individual miners in a sector largely controlled by major players. "This is living proof that you can do it,"

wrote another X user

, capturing the excitement within the community for decentralized mining efforts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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