A CK Pool solo miner, a pool known for its focus on solo Bitcoin mining, processed block 860,749, receiving a reward of 3 bitcoin (BTC), equivalent to over $180,000.
According to appreciate In Mempool Space, the solo miner obtained a total reward of $181,372, equivalent to 3.16 BTC, for the feat of having processed a Bitcoin block.
CK Solo, developed by Con Kolivas, is not a traditional pool. Although it initially started as one, Kolivas transformed it due to the lack of interest of the miners.
In its current form, Solo CK acts more like a ‘pool’ where miners share resources such as bandwidth and storage., but they do not work together to mine the same block. This means that rewards are not distributed; each miner benefits individually under the same structure.
It should be remembered that Bitcoin mining involves solving complex mathematical problems to validate transactions and add a new block to the chain.
The difficulty of these problems is adjusted so that, on average, a block is solved every 10 minutes, regardless of the number of miners. Given the collective computational power of the Bitcoin network, the probability of a single miner solving a block is extremely low, making this achievement a rare feat.
Before Tuesday, September 10, the last time a miner solved a block alone was on August 29. Until then, the achievement had not been seen for 2 months, according to the records from Mempool Space.
Although exceptionalit is not the first time that a solo miner receives a reward In 2021, a Solo CK Pool miner solved block 689,382, and in 2023, another achieved a similar reward, proving that, although unlikely, solo mining can be lucrative.
This event underscores the random and competitive nature of Bitcoin mining, where even against all odds, a solo miner can succeed and receive a significant reward. The story of Solo CK and its miners reflects a less conventional but fascinating facet of the cryptocurrency ecosystem.
This article was created using artificial intelligence and edited by a human on the editorial staff.
