A total of 3.13 BTC, valued at $282,000, was the reward obtained by a solo Bitcoin miner for solving a block last Thursday. The odds of achieving this feat were about 1 in 30,000, according to the administrator of CK Pool. The pseudonymous developer and pool administrator wrote on X: “Congratulations to miner 1Ng9~VoQz with 270TH for solving the block at solo.ckpool.org.”
The feat was achieved despite Bitcoin’s hashrate, which continues to increase, making individual mining comparable to “playing the lottery.” Proof-of-work mining demands exorbitant computational power and expensive hardware. In fact, some publicly traded mining firms like Bitfarms are exiting the Bitcoin business after millionaire losses to focus on providing compute power for Artificial Intelligence (AI).
In the last three weeks, there have been four victories for miners using only CK Pool, despite the difficulties and limitations. Individual miners must pay a fee for the service when they win, but they avoid the high fixed costs of a full rig. The event is a reminder that, although the odds are slim, the solo mining format remains an option worth monitoring in the current competitive environment.
Source: https://x.com/ckpooldev/status/1999255547984695552
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