Small setups, big wins: Is solo Bitcoin mining making a comeback?
With Bitcoin’s hashrate near all-time highs, solo miners continue to land full block rewards, thanks to efficient ASICs and a heavy dose of luck.
Solo miners have been defying the odds, successfully claiming full Bitcoin block rewards even as the network hashrate hovers near all-time highs.
As of this writing, the Bitcoin (BTC) network’s hashrate is hovering around 902 exahashes per second (EH/s), just below its all-time peak, according to Blockchain.com. The figure shows growing competition and higher difficulty, suggesting that single miners face steep odds to win a block.
However, last week, a solo miner defied these odds, securing block 907,283 via the Solo CK pool and earning the full 3.125 BTC reward, worth over $372,000 at the time. The miner also received an additional $3,436 in transaction fees.