Solo Bitcoin miner scores $373,000 block reward
Main Idea
A solo Bitcoin miner successfully mined a block, earning a $373,000 reward, highlighting the rare but possible success of solo mining despite high network difficulty and competition from large mining firms.
Key Points
1. A solo miner using the Solo CK pool successfully mined block 907283, earning a 3.125 BTC reward worth $372,773.
2. This event occurred despite the high odds against solo miners due to rising Bitcoin network difficulty and hashrate.
3. Bitcoin's network difficulty is currently around 126 trillion, near all-time highs, making solo mining increasingly challenging.
4. Large mining corporations are also facing pressure from rising network difficulty and reduced block subsidies.
5. In June, Bitcoin miners in Texas had to reduce operations due to weather events and power issues, impacting short-term block production.
Description
Solo miners successfully adding blocks to the Bitcoin blockchain network is a rare event, but still not impossible in 2025.
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