Solo Bitcoin Miner Successfully Reaches 780.112 Block and Wins 6.25 BTC Prize

Solo Bitcoin miners managed to complete the 780.112. (photo: dock. pexels)

JAKARTA - On March 10, a solo Bitcoin miner successfully completed the 780.112th block in the Bitcoin network and received a 6.25 BTC reward in return. This occurrence is extremely rare, as it usually takes months for a solo miner to generate a valid hash. This solo miner managed to generate a valid hash after only two days of mining.

This incident is the 270th miner's solo block in Bitcoin history over the last 13 years. Typically, a solo miner of this size can only complete one block in about 10 months. The miner created a solo mining pool using the Solo mining service CK Pool, where he generated a valid block hash and was rewarded with 6.25 BTC, with a reward fee of around 0.63 BTC.

Con Kolivas, admin of the Solo CK mining pool, stated that the miner behind this rare occurrence may have hired temporary hashing power to generate the hash output.

Bitcoin mining requires the computing power of miners to complete and add the next Bitcoin block to the network. However, with the growing popularity of BTC mining and the continuous increase in the network hash rate and powerful mining engines, it is almost impossible for a solo miner to complete an entire block on their own.

Therefore, valid block hashes are usually generated using the computing power of multiple mining rigs, all of which are trying to mine the next block. Block rewards are distributed according to the input hash rate of each miner in the mining pool.

CK's Solo mining pool has also successfully mined some Bitcoin solo blocks in the past. Two of these successful solo blocks came in January 2022, just two weeks apart, where the first block occurred on January 11, 2022, at a block height of 718.124, followed by another block on January 24, at a block height of 720.175.