Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
A lone Bitcoin miner successfully mined an entire Bitcoin block on Monday, earning a reward of approximately $300,000.
This rare accomplishment underscores the unpredictable nature of cryptocurrency mining and demonstrates that individual miners can still achieve significant rewards despite the prevalence of large mining pools.
Crypto journalist Pete Rizzo announced the news via X:
BREAKING: ANOTHER SOLO MINER HAS MINED AN ENTIRE #BITCOIN BLOCK WORTH $300,000
BEATING UNBELIEVABLE ODDSpic.twitter.com/pjcivSu2PQ
— The Bitcoin Historian (@pete_rizzo_) February 10, 2025
On January 30, 2025, a solo Bitcoin miner reportedly utilized a “$200 BitAXE miner,” a home mining setup, to successfully mine a block.
However, another individual speculated that the miner may have utilized CKPOOL, a mining pool tailored for solo miners.
The miner was utilizing an implementation of @ckpooldev but this doesn’t appear to be from CKPOOL directly.
May have been a bitaxe. Digging in now!— Marshall Lengthy (@OGBTC) February 10, 2025
Mining an entire Bitcoin block as a solo miner with limited computational power is statistically improbable, comparable to winning a lottery.
The Bitcoin network is primarily dominated by large mining pools that combine significant computational power to enhance their chances of mining new blocks.
Related Posts
Understanding Solo Mining
Solo mining involves a miner attempting to solve the complex mathematical problems necessary to add a new block to the Bitcoin blockchain without joining a mining pool.
While this approach allows miners to retain the entire block reward, the probability of success remains low due to the substantial computational power required.
As the Bitcoin network becomes more competitive, solo mining increasingly poses challenges. Nevertheless, miners willing to invest in hardware and electricity, despite the slim odds, may experience occasional success.
How the Crypto Market Reacted After the Block Win
On Monday, the cryptocurrency market cap fell by 3% following President Donald Trump’s announcement of a 25% tariff on metal and aluminum imports, raising concerns over shifts in economic policy.
In the wake of the broader market decline, Bitcoin (BTC) decreased by 0.5% to $96,871, while Ethereum (ETH) fell by 1.5% to $2,627.
Ripple (XRP) and Dogecoin (DOGE) each dropped by 4.2%, with XRP settling at $2.39 and Dogecoin at $0.2486.
The post Solo Bitcoin Miner Has Mined An Total Bitcoin Block Price $300K appeared first on Cryptonews.
