Individual Bitcoin miner received a block reward of $371,000
The ASICKey executive, Samuel Li, stated that individual Bitcoin miners have a one in 650,000 chance of solving a block every 10 minutes with one petahash of hashing power.
Individual Bitcoin miner received a block reward of $371,000
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A solo miner managed to mine a Bitcoin block on Sunday, obtaining a reward of 3.137 BTC, approximately valued at USD 371,000 at that time.
The miner operated through the Solo CK pool, a service for solo miners. They mined block 910,440 and received the standard 3.125 BTC and about 0.012 BTC in transaction fees. The block included 4,913 transactions, and the fees totaled USD 1,455.
Given that Bitcoin's hashrate is dominated by large-scale industrial mining operations, the chances of a solo miner finding a block are slim. However, with efficient hardware, even smaller players can claim the same block rewards in exceptional cases.
This year, several solo miners with smaller setups have claimed block rewards on their own. One successfully mined a block in February, while another received USD 350,000 on July 4. On July 27, another solo miner managed to find a block on their own, obtaining USD 373,000 in rewards.
