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A Bitcoin miner has successfully mined Block 883,181, securing a reward of approximately $310,000. The miner, who operated independently without the backing of a major mining company, solved the cryptographic puzzle required to validate transactions and add a new block to the Bitcoin blockchain. The Mining Method Crypto journalist Pete Rizzo first reported the rare event on X, revealing that the miner processed a block containing 3,071 transactions. The miner received a reward of 3.125 BTC for solving the block and an additional 0.033 BTC in transaction fees, resulting in a total earnings of 3.158 BTC. With the cryptocurrency priced at around $98,300 at the time, this amounted to a payout of approximately $310,000. While the exact setup used by the individual remains unclear, speculation has emerged on X regarding their possible equipment. Some users suggested that the miner could have used a $200 BitAXE home mining device. Others believe they may have leveraged CKPOOL, a mining pool for solo miners that allows individuals to participate without relying on a major firm. According to data from BitInfoCharts, as of February 11, 2025, the Bitcoin network’s average hash rate is approximately 800.52 exahashes per second (EH/s). At this level, the chances of an individual miner successfully adding a block to the blockchain are extremely low. Most Bitcoin blocks are generated by large-scale industrial operations, which look like warehouses filled with powerful, high-cost mining machines run by publicly traded companies. However, on rare occasions, a lone miner manages to beat the odds and mine a block independently. Previous Solo Mining Successes Solo mining involves an individual attempting to solve complex cryptographic puzzles without assistance from a mining pool. As Bitcoin’s mining difficulty increases, the process requires more resources, making it more challenging for such operators to succeed. The rising price of Bitcoin has also led to increased competition, contributing to a higher overall hash rate and reducing the likelihood of such occurrences. However, there have been other instances of individual miners successfully mining a Bitcoin block. On April 29, 2024, a miner independently mined Block 841,286, earning them an entire 3.125 BTC reward, valued at around $200,000 at the time. In July of the same year, a BitAXE device with a hashrate of only 500 gigahashes per second (Gh/s) successfully mined Block 853,742, securing a reward of $206,000 in Bitcoin. This case was particularly notable given the probability of such an event occurring was estimated at 1 in 1.1 billion approximately every ten minutes. The post Solo Miner Hits Jackpot, Earns $310K for Mining a Bitcoin Block appeared first on CryptoPotato.

It’s more difficult than ever to mine Bitcoin (BTC), yet individual miners sometimes persevere — and claim a massive reward. One such solo BTC miner has just hit the mining jackpot, successfully beating all unbelievable odds in order to process a Bitcoin block and netting themselves a payday of just over $300,000. Solo Miner Achieves Rare Feat The miner in question processed block number 883,181 on Feb. 10, according to data from the Bitcoin block explorer Mempool.space, as flagged by journalist Pete Rizzo on X. The miner received 3.158 BTC for their efforts — worth $307,547 at today’s prices. BREAKING: ANOTHER SOLO MINER HAS MINED AN ENTIRE #BITCOIN BLOCK WORTH $300,000 BEATING UNBELIEVABLE ODDS pic.twitter.com/pjcivSu2PQ — The Bitcoin Historian (@pete_rizzo_) February 10, 2025 Bitcoin miners are required to process blocks on the Bitcoin network and introduce new coins into circulation. Blocks are full of transaction data and are part of the cryptocurrency’s immutable ledger — better known as the blockchain. When blocks are processed, miners are rewarded with newly minted Bitcoins. Back in the day, when Bitcoin was worth a lot less and fewer people knew about and utilized the network, it was possible to mint new coins by simply using their home computers. However, as the Bitcoin network gained traction, the asset’s mining difficulty has increased substantially. Now, miners are normally big operations conducted by companies with warehouses full of specialized computers and consume a lot of electricity. For this reason, solo Bitcoin mining is often compared to a lottery. This means a solo miner can still get lucky and process a block with their personal computer — though it’s extremely rare. In September 2024, ZyCrypto reported that a solo miner netted the entire 3.169 BTC reward for solving a block. However, the price of Bitcoin was much lower, and the reward was worth around $181,143 at the time. While the odds are clearly against the soloists, they continue to surprise and captivate Bitcoiners as they strike gold.

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