Solo Bitcoin Miner Wins $282,000 Block Reward Amid High Network Hashrate
A solo Bitcoin miner identified as 1Ng9~VoQz won a block reward of 3.13 BTC, approximately $282,000, on Thursday using the Solo CKPool platform. The miner, reportedly operating with a 270 TH/s rig, solved the 311th solo block at solo.ckpool.org.
Solo CKPool charges a 2% fee on winning blocks, which amounted to about 0.062 BTC or roughly $5,734 for this reward. This victory represents the fourth solo CK Pool-powered block reward in the last three weeks; prior to this recent win, the last solo CK block was found in September.
Since its inception, Solo CK Pool miners have collectively earned 5,553 BTC, with a current value close to $511 million. Bitcoin's network hashrate remains extremely high, averaging over 1 ZH/s in the last 24 hours, up from around 736 EH/s a year ago.
The article highlights the risks associated with mining without a large mining pool, comparing it to playing the lottery. Successful mining requires significant power, energy, and specialized hardware. Additionally, some publicly traded mining firms are shifting focus toward AI computing. For example, Bitfarms announced it will wind down its Bitcoin mining operations in November to concentrate on AI compute, citing a $46 million loss.
