A solo Bitcoin miner successfully mined block 899,826, earning a reward of $330,386, despite the network difficulty soaring to a new high of 126.98 trillion. The block was confirmed at 3:48 am UTC on June 5, containing 3,680 transactions. The miner, part of the Solo CK pool, received a subsidy of 3.125 Bitcoin and 0.026 BTC in fees. The average fee per transaction in this block was approximately $0.29, indicating light network congestion. Con Kolivas, an administrator of the solo mining pool ckpool, speculated that the miner likely ramped up their hashrate to 259 petahashes per second through rented hashrate services. This is unusual for solo mining, which typically involves lower hashrates. The rising difficulty levels reflect increasing competition, making solo mining successes particularly rare. Earlier this year, other successful solo miners also achieved notable rewards, emphasizing a trend in rare solo mining victories. Cointelegraph's analysis indicates that as Bitcoin’s difficulty climbs, individual miners face diminishing chances of winning block rewards, highlighting the significance of these rare occurrences.

Source 🔗