Another Solo Miner Earns ~$181,000 After Mining a Bitcoin Block

On September 10, a solo miner successfully added block #860,749 to Bitcoin's blockchain, earning a reward of 3.169 BTC (roughly $181,147) through both block subsidy and transaction fees.

The block processed 5,959 transactions. Of the total reward, 3.125 BTC came from the block subsidy following the April halving, while transaction fees accounted for only 0.44 BTC, representing about 1.4% of the miner's earnings.

CKPool administrator Kon Kolivas revealed that the solo miner used equipment with a hash rate of 82 PH/s, a relatively high figure for solo mining. Just recently, on August 29, another solo miner with a device hash rate of 38 PH/s struck similar luck, showing that while rare, solo miners do occasionally achieve success. Kolivas mentioned that with this hash rate, a solo miner could expect to mine a block approximately once every four months.

According to Glassnode, Bitcoin's hashrate (smoothed over a 7-day moving average) hit a peak of 693.9 EH/s on September 8, before slightly correcting to around 672 EH/s.

As of early September, solo miners have successfully mined at least 329 blocks since 2014, according to data compiled by Protos. This rare occurrence highlights the ongoing contribution of solo miners to the Bitcoin network, even as mining becomes increasingly competitive. $BTC

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