Another solo Bitcoin miner hits jackpot with $371,000 block reward

ASICKey executive Samuel Li said that solo Bitcoin miners have a one in 650,000 chance of solving a block every 10 minutes with one petahash of hashpower.

A solo miner successfully mined a Bitcoin block on Sunday, collecting a 3.137 BTC payout, worth about $371,000 at the time.

The miner operated through the Solo CK pool, a service for solo miners. They mined block 910,440 and collected the standard 3.125 BTC and about 0.012 BTC in transaction fees. The block included 4,913 transactions, and the fees totalled $1,455.

With Bitcoin’s hashrate being dominated by massive industrial-scale mining operations, the chances of a solo miner hitting a block are slim. Yet, with efficient hardware, even smaller players can claim the same block rewards in rare instances.