A solo bitcoin miner beat staggering odds to solve a block and take home the full subsidy and transaction fee rewards late Thursday.
The miner collected a total of 3.133 BTC ($284,633) for mining block 927,474, using solo bitcoin-mining software from CKpool, according to the Bitcoin explorer Mempool. This comprised 3.125 BTC in block subsidy rewards ($283,944) and 0.008 BTC ($689) in transaction fees.
“Congratulations to miner 1Ng9~VoQz with 270TH for solving the 311th solo block at solo.ckpool.org!” CKpool developer Con Kolivas posted on X. “A miner of this size has a 1 in 30,000 chance of solving a block per day.” This equates to roughly once every 82 years.
The hashrate was split over three bitcoin mining machines with around 90 TH/s each, Kolivas added — roughly consistent with the output of common Bitmain Antminer S19 air-cooled ASICs, for example.
The solo miner’s hashpower is the equivalent of about 0.00002% of Bitcoin’s total estimated hashrate of 1.15 ZH/s on Dec. 11, per Mempool’s data, which measures the total computational power dedicated to the network. Leading public bitcoin miners MARA and IREN manage a hashrate of approximately 59.4 EH/s and 50 EH/s, respectively, according to recent disclosures.
Bitcoin network hashrate. Image: Mempool.
Why solo miners try their luck
Smaller bitcoin miners usually join shared pools to earn steady, proportional rewards since solo mining has an extremely low chance of winning a block. Nevertheless, some try solo pools for a shot at the full block reward, hoping for a big, lottery-esque win despite the odds.
However, it’s not the first time a solo miner has picked up the entirety of the block rewards, nor one of the luckiest. For example, last month, a solo bitcoin miner with a tiny hash rate of just 6 TH/s beat odds of 1-in-180 million to mine a block — picking up around $265,000 in rewards at the time.
Solo miners with more substantial managed or rented hashrates have also found several bitcoin blocks in recent months.
Bitcoin is currently trading for around $92,264 on Friday, up 2.2% over the past 24 hours, per The Block’s BTC price page.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
