Lone Bitcoin miner wins $222,000 – odds were 1 in 300 years – Bitcoin.pl

Something that statistically should happen once every 300 years happened on Thursday morning. A lone Bitcoin miner, with only 70 TH/s of power, the equivalent of one old ASIC, solved the block and took the full reward. A pure mathematical anomaly.

Three BTC from one block

A lone BTC miner solved block number 944,306 and pocketed 3,128 BTC – currently equivalent to $222,012. This amount consisted of 3,125 BTC in block subsidy ($221,800) and 0.003 BTC ($212) in transaction commissions. The loot was confirmed by data from blockchain explorer Mempool, and all mining took place via CKpool software.

One lone miner versus the entire network

“Congratulations to miner bc1q~edvj with only 70 TH for solving the 313th lonely block!” – wrote on the X Con Kolivas platform, developer of CKpool. It is worth noting that 70 TH/s is the performance of a single Bitmain Antminer S17+ device from 2019. The hashrate of the entire Bitcoin network is currently 1.02 ZH/s, so this miner’s hardware is only 0.0000069% of this value.

For comparison: giants like Bitdeer or MARA Holdings operate with powers of 71 EH/s and 61.7 EH/s, respectively. The chance of hitting a block with such a disproportion? 1 to 100,000 per day.

Why do miners still play solo?

CKpool is technically a mining pool, but in practice it serves something else – it allows solo mining without having to build your own infrastructure. Miners work alone, accepting a minimal chance of hitting a block, but keeping the entire reward for themselves (minus a small commission). The risk is high, the infrastructure is simple, the profit (if fate is right) is satisfactory.

This is not a one-off feat. A week earlier, another lone CKpool miner cashed in ~$210,000 for block 943,411, ending the pool’s 33-day dry streak. Last September, someone beat odds of 1 in 100 years and won $350,000, and in December (with odds of 1 in 82 years), a miner took home $285,000. Statistics say “impossible”, and miners say: hold my hard wallet… or probably not 😉