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A lone Bitcoin miner took home an estimated $210,000 block reward on Thursday on the world’s most competitive crypto network, highlighting that the mining lottery can still deliver impressive payouts despite only having a sliver of a chance.
The independent miner successfully processed block 943,411 using Solo CKPool, according to data from the Bitcoin explorer Mempool. The individual ultimately received 3.139 BTC, which includes the standard 3.125 BTC base reward plus transaction fees.
Solo CKPool is a mining platform that allows individual users to mine Bitcoin without running a full node, enabling smaller participants to compete alongside large-scale mining operations.
“Congratulations to miner bc1qtt7cr9cxykyp9g4hq47zf5lq9t97cxvq72lun3 with ~230TH for solving the 312th solo block at solo.ckpool.org!” CKpool developer Con Kolivas posted on X. “A miner of this size has a 1 in ~28k chance per day of solving a block.”
Solo wins are statistically rare because individual miners compete directly against mining giants operating hundreds of powerful ASIC rigs. According to solo miner data aggregator Bennet, independent mining pools have uncovered just 20 Bitcoin blocks over the past year, distributing a total of 62.96 BTC.
Bennet’s data shows that a solo block is mined every 18.7 days on average. The longest dry spell lasted 58 days, with the last solo miner taking the entirety of the block rewards on Feb. 28.
The latest win comes as Bitcoin mining becomes increasingly cutthroat. Network difficulty, a measure of how challenging it is to mine a block, recently saw its sharpest shift since late February—dropping nearly 8% before bouncing back 3.9% in the past day—signaling pronounced fluctuations in mining activity.
Difficulty recalibrates every 2,016 blocks to maintain an average block time of about 10 minutes, which helps explain why solo mining wins remain as infrequent as lottery jackpots.
Bitcoin was trading at approximately $66,887, up 0.2% over the last 24 hours, according to CoinGecko, amid renewed geopolitical tensions.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
