A solo miner achieved a significant milestone on February 24 by successfully mining block #938092 on the Bitcoin network, earning a reward of 3.125 BTC, valued at approximately $196,650.
This achievement was made possible through the use of rented hash power. The miner spent just 119,000 satoshis (about $75) to rent 1 PH/s of hash rate, incurring no additional hashpower fees, and a minimal solo fee of 0.5% for CKPool, the platform used for this operation.
“Congratulations to Braiins solo mining for solving their first solo block running ckpool!” tweeted CKPool administrator Kol Kolivas, celebrating the event.
The Braiins pool, which supports solo mining via CKPool software, noted that this was the first block mined under their collaboration. Historically, solo mining blocks are found roughly every 17.2 days, but the rate has been increasing recently. In the past year, 21 solo miners have successfully mined blocks, totaling 66 BTC, which marks a 17% increase compared to the previous year.
