📢 A solo Bitcoin miner did it again… and with a $222,000 reward! 💰

Today, October 24, 2024, a solo miner, a member of the Solo CK mining pool, managed to successfully process block 867118 on the Bitcoin network, earning a reward of 3,329 $BTC , valued at over $222,000. 🤑 This solo achievement is not only low probability, but also reflects the persistence of those who continue to bet on the solo mining model.

🔍 The Block 867118 Feat

The miner received a flat fee reward (3.125 BTC) thanks to the subsidy after the last halving, and added 0.204 BTC in transaction fees, reaching the total amount. According to software engineer Con Kolivas, the Solo CK pool was operating at a hash rate of 150 PH/s. Still, this contribution represents only 0.0021% of the total Bitcoin network hashrate, which is currently 728 EH/s. An incredible feat, considering the hash power of giant pools like Foundry and Antpool!

💡 How Does the Solo CK Mining Pool Work?

Solo CK allows miners to work independently, but using the pool's infrastructure to ensure a better connection to the network. This reduces the need for a node of their own and updates transactions in real-time. Although Solo CK averages only one block mined per month, this miner defied the odds and today took home the prize! 🎉

🤔 Solo or Pool Mining?

Choosing between solo mining or mining in a traditional pool depends on technical factors and luck. In Solo CK, each miner competes alone, and if they manage to mine a block, they take the entire reward, without sharing it. A high reward, high difficulty model!