A solo Bitcoin miner recently achieved a remarkable feat by winning a reward of $349,028 for processing block 903,883. Experts suggest that with such a low hash rate, this miner could expect to solve a block only once every eight years. The miner, utilizing the non-profit service Solo CK, paid a 2% fee while avoiding the costs of high-end mining equipment. The miner, identified as bc1q~9sj3, operates at 2.3PH, a minuscule fraction of Bitcoin's total hash rate of 881.11 EH/s. Compared to Foundry USA, the previous block's miner, this solo miner's hash rate was just 0.000847%. Bitcoin mining has evolved into an industrial endeavor, making solo mining increasingly challenging. Most solo miners join pools to enhance their chances of winning. Scott Norris, CEO of Optiminer, likened solo mining to a lottery. Since 2014, Solo CK users have mined 5,222 BTC, mostly from rare wins, with the last successful block mined just four weeks ago. Read more AI-generated news on: https://app.chaingpt.org/news

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