A remarkable development has occurred in the cryptocurrency market. An independent Bitcoin miner has managed to win the entire block reward, a feat that is extremely unlikely.
In today’s event, the miner in question single-handedly mined block 944,306 on the Bitcoin network. According to block explorer data, the miner earned a total reward of 3,128 $BTC using CKpool’s solo mining software. Of this reward, 3,125 $BTC came from block subsidies (approximately $221,800) and 0.003 $BTC from transaction fees (approximately $212). The total earnings amounted to approximately $222,000.
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The most striking aspect of the event was the probability of achieving this success. CKpool developer Con Kolivas stated on social media that the probability of a miner of this scale finding a daily block is approximately one in 100,000. Kolivas said that statistically, this kind of success could occur approximately once every 300 years. However, solo miners have managed to find $BTC blocks before.
*This is not investment advice.