Solo Bitcoin miner scores $373,000 block reward

A solo Bitcoin (BTC) miner successfully mined a artifact connected Saturday, collecting the 3.125 BTC artifact reward, valued astatine $372,773. 

The miner, operating done the Solo CK pool, a solo mining service, successfully mined artifact 907283, which contained 4,038 transactions and artifact fees totalling $3,436.

Rising web hashrate and trouble marque it progressively harder for solo miners to vie with large-scale, firm mining firms.

Despite the likelihood against solo miners, 1 successfully mined a block successful February 2025, followed by a miner who utilized conscionable 2.3 petahashes to lick the puzzle and collect the $350,000 artifact subsidy earlier successful July.

Block 907283 was mined by a solo miner. Source: Mempool

The improbable, and astir impossible, victories of solo miners are a reminder that adjacent smaller players tin inactive successfully adhd blocks to the Bitcoin blockchain astatine a clip erstwhile mining is dominated by large, publicly-traded companies.

Related: Former rugby subordinate sentenced for $900K crypto mining Ponzi

Rising web trouble and hashrate squeezing nonrecreational mining companies

Even established corporations are feeling the compression of rising web trouble and hashrate, coupled with a reduced artifact subsidy.

Several ample mining operations person diversified into AI information centers and high-performance computing to marque up for shortfalls successful the mining concern and rising competition.

The existent Bitcoin web trouble is astir 126 trillion and is floating adjacent all-time highs. Bitcoin’s web trouble is besides trending up implicit time.

Bitcoin web trouble is gradually rising implicit time. Source: CryptoQuant

This forces miners to expend ever-greater computing and powerfulness resources to excavation a azygous block, which yields a 3.125 BTC reward, valued astatine astir $373,000 astatine existent prices.

The competitory manufacture runs connected bladed margins, incentivizing companies to find the cheapest vigor resources to support the maximum uptime, which is affected by upwind events, wide climate, and powerfulness continuity.

In June, respective Bitcoin miners successful Texas were forced to curb their vigor consumption to debar paying highest request charges to the grid operator, causing a autumn successful short-term artifact production.

MARA was among the mining firms that reported little output numbers for June, owed to upwind conditions slowing down mining operations.

Magazine: Baby boomers worthy $79T are yet getting connected committee with Bitcoin