Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000

Another Bitcoin miner from the Solo CK mining excavation has solo mined a caller artifact connected the Bitcoin blockchain, earning a artifact reward of 6.25 BTC (over $220,000 astatine existent prices) arsenic a result. The event took spot connected Monday astatine a artifact tallness of 720,175.

Solo mining consists of attempting to validate blocks by a azygous miner, without teaming efforts with different miners connected a mining pool, and moving a afloat blockchain node. Without important hashing capabilities, the likelihood of validating a artifact thin to beryllium highly unlikely.

To summation these likelihood and debar the costs associated with solo mining, miners mostly travel unneurotic successful pools to harvester their hash power, expanding the chances of validating a artifact and yet sharing the spoils if they succeed.

According to a caller tweet from CKPool admin Con Kolivas, this solo miner had a hash powerfulness of astir 86 terahashes per second. Hash powerfulness determines the computational velocity astatine which a machine tin execute the cryptographic functions needed to excavation cryptocurrency and validate a artifact for proof-of-work blockchains similar Bitcoin.

Congratulations to different miner with astir 86TH solving a solo artifact connected https://t.co/UWgBvLkDqc ! There are a batch much miners present connected the solo excavation and if capable radical are mining solo, idiosyncratic volition yet beryllium the fortunate 1 arsenic here. https://t.co/Hqte2achR4 pic.twitter.com/0ZT635LicD

— Dr. Con Kolivas (@ckpooldev) January 24, 2022

The miner successful question had little hash powerfulness than a azygous S9 mining machine; a comparatively tiny magnitude of computational power, making this a precise improbable event.

Even much singular is the information that lone two weeks ago, different solo miner from the Solo CK mining excavation besides completed a akin task by successfully solving a valid block. “To accidental this is precise uncommon is an understatement,” Bitcoin assembly subordinate Hass McCook told Cointelegraph astatine the time.

Despite its sanction CKPool isn’t a regular mining pool, it's a work that allows solo mining without dealing with the costs and troubles of moving a afloat Bitcoin node.