Solo Miner Mines Bitcoin Block with 3 TH/s Hashrate

A solo bitcoin miner with only 3 TH/s of hashrate has successfully mined a block, receiving 3.192 BTC in rewards, worth approximately $200,000.

The miner solved block 853,742 late Wednesday UTC, with the block being relayed by Solo CKPool, a mining pool dedicated to solo miner operators. This marks the 290th solo block relayed by Solo CKPool.

According to Dr. -ck, the developer behind Solo CKPool, the miner accomplished this feat with just 3 TH/s of hashrate, beating odds of about once in 3,500 years on average, or a 1 in 1.2 million chance per day. For context, the network’s total average hashrate is around 654 EH/s, or 654 million TH/s.

It’s noted that the miner may have increased their hashrate to 3 TH/s in the previous 24 hours after starting solo mining with the same coinbase payout address 19 days ago.

So far this year, Solo CKPool has relayed 10 blocks mined by solo operators, with half of those occurring in May shortly after the bitcoin halving. As previously reported, another solo miner solved a few blocks but 0.5 EH/s, or 500,000 TH/s, of hashrate.

Incredibly according to the logs they appear to have only started mining solo to this address 19 days ago, and increased their hashrate to 3TH only in the last 24 hours. There is no way to know if they were mining on different address with extra hashrate but that's unlikely.
— Dr -ck (@ckpooldev) July 24, 2024