Lone bitcoin miner beats the odds to win full $219,000 block reward | Headlines | News | CoinMarketCap

04/29/2024 16:30
Lone bitcoin miner beats the odds to win full $219,000 block reward | Headlines | News | CoinMarketCap

A solo bitcoin miner beat the odds to solve a block and take home the full subsidy and transaction fee reward late Sunday. The miner collected 3.433 …

A solo bitcoin miner beat the odds to solve a block and take home the full subsidy and transaction fee reward late Sunday.

The miner collected 3.433 BTC ($218,544) for mining block 841,286, using solo bitcoin-mining software from CKpool, according to the Bitcoin explorer Mempool. This comprised 3.125 BTC in block subsidy rewards ($198,937) and 0.308 BTC ($19,607) in transaction fees.

"Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at solo.ckpool.org with a large ~120PH at the time (12PH average over a week)," CKpool developer Con Kolivas posted on X.

At a hash rate of around 120 PH/s compared to the total Bitcoin network of around 638 EH/s, the odds of the solo miner solving the block were about 0.02% — or more than 1 in 5,000. …

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