Super Bejo, This Individual Miner Gets 6.8 Bitcoins (BTC) Worth IDR 3.8 Billion!

Solo miners managed to get a 6.8 Bitcoin mining reward from Mining itself. (Photo; Doc. Niceash)

JAKARTA - Solo miners or individual miners managed to make extraordinary achievements in the competitive world of Bitcoin mining. On November 26, 2023, these miners received a prize of 6,887 BTC or around Rp3.9 billion after successfully finding a block of 818,588 which confirmed a total of 4,193 transactions. This is a rare event that rarely occurs for solo miners.

The miner is a member of Solo Ckpool, a platform designed to support independent miners. The platform allows solo miners to maintain all block prizes, without having to share with other miners. This is different from ordinary mining pools, which divide block prizes according to the contribution of the hashrate power of each miner.

Con Kolivas, developer of Solo Ckpool, commented on the success of this solo miner. According to him, block 818,588 is the 279th block mined by the platform.

"A miner of this size will only be able to complete the average block once every 5 years," Kolivas said, showing how unlikely the chance of a solo miner to find a block is.

To find a block, miners must solve a mathematical puzzle that requires high computing power. Currently, the total Bitcoin network hashrate power reaches around 488 exahashes per second (EH/s), or 488 quintiliun hash per second. Meanwhile, the solo miners who managed to find the block 818,588 only had a hashrate power of 2 PH/s, or 2 quadrillion hash, which represents only 10,0004% of the total network hashrate power.

The success of this solo miner inspires and re-triggers discussions about opportunities and courage in the competitive Bitcoin mining world. The reason is, Bitcoin mining requires high-power computing devices, which of course require a lot of money. However, with luck and perseverance, solo miners can get huge rewards.