On March 10th, a rare and noteworthy event occurred in Bitcoin mining. A solo miner successfully arranged to mine a valid bitcoin block and received a substantial $150,000 block reward, according to reports. This event is even more impressive considering that mining right block bitcoin solo is extremely rare, has taken place on only 270 occasions of the total 700,000 blocks generated in the past 13 years of Bitcoin’s history.
The miner accomplished this feat by creating a pool of solo mining through the CK Pool solo mining service, which allowed them to produce a right block hash as well as be rewarded with BTC 6.25, in addition to a fee prize approximately 0.63 bitcoin. It is worth noting It is possible that the mining expert rented computational power temporarily to generate the external hash, which is not uncommon among solo miners.
The rarity of this event is due to the increasing popularity of bitcoin mining along with the increase in the hash rate of network, making it almost impossible for solo miners to solve a whole block themselves.
In January 2022, the CK mining pool accomplished the rare feat of solo mining multiple valid Bitcoin blocks. The first solo-mined block was generated on Jan. 11, 2022, at a block height of 718,124, and the second occurred just two weeks later on Jan. 24 at a block height of 720,175. This demonstrates the potential of solo mining, as it is not common for individual miners to achieve such a feat due to the increasing popularity of Bitcoin mining and the rise in network hash rate.
