A single Bitcoin miner has single-handedly solved a Bitcoin (BTC) block and won the entire $330,000 reward.
One in a Million Chances!
According to Mempool data, a Bitcoin miner earned a block reward of $330,000 despite the network difficulty reaching a record high of 126.98 trillion.
According to the data, the solo miner earned $327,625 in subsidy rewards and approximately $2,761 in total transaction fees and claimed 3.15 BTC.
A solo miner successfully mined block number 899,826 and earned a rare reward worth $330,386.
The miner achieved the feat by mining block 300 from the solo.ckpool Bitcoin mining pool. “Congratulations to miner bc1qa8r4up9nchkvdnhcf9feexv2jfantrk48ef374 who increased his hash rate to solve block 300 solved on solo.ckpool.org!” said CKpool developer Con Kolivas.
Kolivas said that based on Bitcoin’s hash rate, a single miner is likely renting additional hash rate to increase his chances of winning the block reward.
“Although the miner has been mining at a much lower hash rate for some time, the reason the hash rate has increased to these levels is most likely a rental due to there being only one worker.”
Bitcoin blocks are produced approximately every 10 minutes and are typically mined by mining pools that have the highest chance of winning the block reward. The reward for successfully mining a block is currently 3,125 Bitcoins after a halving event earlier this year.
*This is not investment advice.
