Solo Miner Defies 62,750 Odds to Win $200K in Rare Bitcoin Mining Feat
A solo Bitcoin miner has won approximately $200,000 by solving block 960,804 on August 3. This is a rare feat in the world of Bitcoin mining, which pits rigs against each other to win rewards.
The current reward for mining a block is 3.125 BTC plus transaction fees, and block 960,804 contained 4,243 transactions that paid 3.1568 Bitcoin to the miner.
According to mempool.space, the network hashrate was at 924 EH/s on August 3, with peak usage of roughly 0.011% of the network, or one block every 64 days. This translates to a solo miner with a single 100 TH/s machine having odds near 1 in 62,750 on any given day.
The winning address is bc1qdyqjq9qccp34pyv3kxmsrkn7p0amnsqqy8kdeq, and the miner who solved this block was part of CKPool. Dr, ck, a pseudonymous developer, described this as a lucky case.