Another Bitcoin Solo Miner Wins the Block Race

Bitcoin Mining

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Ruholamin Haqshanas

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Ruholamin Haqshanas

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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October 23, 2023 09:04 EDT

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A solo Bitcoin (BTC) miner with a hashrate capacity of 60 terahashes per second (TH/s) has added a new block to the Bitcoin blockchain, registering the block reward of BTC 6.25 (USD 244,074).

This marks the sixth solo miner to win a Bitcoin block race so far in 2022, according to pseudonymous Bitcoin veteran burn the bridge (@econoalchemist), known for his Bitcoin mining setups for homes. 

A #Bitcoin miner with a 60Th contribution just found a block on CKpool.

The miner was rewarded 6.14 BTC, the pool received 0.12 BTC.

This is the 6th "solo" block find in 2022 by my count. https://t.co/rvV3hTTBfp

— burn the bridge (@econoalchemist) April 27, 2022

The miner in question is part of a solo mining pool called Solo CK, which ranks 13th on the list of bitcoin mining pools with a total computing power of 474.69 petahash per second (PH/s), accounting for a 0.22% share of the network, according to BTC.com.

 Solo CK administrator, Con Kolivas, tweeted a congratulatory message, stating that there was “an ~81% chance that someone on the pool would have solved a block by now.”

Kolivas added that at the current Bitcoin network difficulty, the miner with 60TH has a chance of less than 1 in 20,000 (or 0.005%) to solve a block per day.

Earlier this year, two Solo CK solo Bitcoin miners with a hashrate capacity of 126TH and 116TH, respectively, solved a Bitcoin block in just over a week, stirring speculations about whether solo Bitcoin mining is making a comeback.

At 10:08 UTC, BTC is trading at USD 39,051. It’s down 3% in a day and nearly 6% in a week. 

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Learn more: 
– Is Solo Bitcoin Mining Making a Comeback?
– Dominated by Institutions, Bitcoin Mining is also Possible from Home

– Bitcoin & Crypto Mining in 2022: New Locations, Technologies, and Bigger Players
– Mine Bitcoin and Ethereum Using Norton 360 Antivirus or Your Tesla

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