Bitcoin News Today: "Solo Bitcoin Miner Defies 1 in 180 Million Odds, Secures $265,000 Reward and Ignites Decentralization Discussion"

Bitget App

Trade smarter

Bitget-RWA2025/11/22 12:08

By:Bitget-RWA

- A solo miner using a 6TH/s rig earned $265,000 by mining block 924,569 via CKPool, defying 1-in-180-million odds. - The miner contributed 0.0000007% of Bitcoin's 855.7EH/s network hash rate, highlighting solo mining's rarity in a centralized industry. - Experts call solo mining a "lottery," while CKPool's 13 solo successes this year fuel debates about decentralization and retail miner persistence. - The win underscores Bitcoin's proof-of-work model, where small-scale operators occasionally challenge inst

Against overwhelming odds, a solo

Bitcoin

miner managed to earn a $265,000 reward by successfully mining block 924,569 on the Bitcoin blockchain, using a relatively modest 6 terahash per second (TH/s) setup. This individual, who utilized the CKPool service, received 3.146 BTC—comprising a 3.125 BTC block reward and 0.021 BTC from transaction fees—based on current market rates

according to the report

. With such a limited hashrate, the chance of this outcome was estimated at just 1 in 180 million per day,

according to Con Kolivas, creator of CKPool

. This achievement marks the 308th solo block found through CKPool since its inception in 2014, and the first in almost three months.

The miner’s hardware was similar to the Bitaxe Gamma—a small, affordable device for enthusiasts that costs less than $100

as reported

. When the block was mined, the total hashrate of the Bitcoin network surpassed 855.7 exahashes per second (EH/s), meaning this miner

contributed only 0.0000007%

of the network’s total computing power. In contrast, large-scale mining firms typically operate with

hundreds of terahashes or more

, relying on significant investments in infrastructure and energy to maximize their returns.

This rare event has sparked renewed debate about whether solo mining is still viable in an industry that is becoming more centralized. While most miners join pools to combine their resources, solo miners keep the entire block reward if they succeed—minus a 2% fee paid to CKPool. "Another block for the plebs,"

tweeted a crypto enthusiast

, highlighting that, although uncommon, individual miners can still achieve such wins. Nonetheless, experts

warn that solo mining is much like

playing the lottery, with most rewards going to a small number of participants.

This payout highlights the fundamentals of Bitcoin’s proof-of-work system, where miners race to solve complex algorithms to confirm transactions and maintain network security. The 3.125 BTC block reward, plus transaction fees, offers a substantial incentive, though fees now make up less than 1% of miners’ earnings due to low network activity.

CKPool, which operates differently from conventional mining pools,

has enabled 13 solo block finds

so far this year, averaging just over one per month. This recent success underscores the determination of individual miners in a sector largely controlled by major players. "This is living proof that you can do it,"

wrote another X user

, capturing the excitement within the community for decentralized mining efforts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Cardano (ADA) faced a chain split from a "premeditated attack" exploiting a 2022 ledger bug, forcing an emergency network upgrade. - A user submitted a malformed delegation transaction bypassing validation checks, creating competing "poisoned" and "healthy" chains. - ADA's price dropped 6% during the incident, with $91M in short leverage, as developers patched the bug and restored consensus. - The attacker, identified as "Homer J.", apologized for using AI-generated commands, while experts highlighted Ca

Bitget-RWA•2025/11/23 16:02

Cardano News Update: Frustrated Operator Uses AI to Disrupt Cardano Blockchain, Prompting Urgent Repairs

Solana Updates Today: Sunrise: Solana's Gateway to Online Capital Markets

- Wormhole Labs launches Sunrise, a Solana liquidity gateway enabling direct onboarding of external assets like Monad's MON token via NTT framework. - The platform unifies liquidity across Solana DEXs and block explorers, addressing fragmented bridging challenges through native token transfers. - By designating Sunrise as Monad's primary entry point, Wormhole aims to capture early trading flows and expand support to tokenized commodities and RWAs. - This initiative strengthens Solana's DeFi infrastructure,

Bitget-RWA•2025/11/23 16:02

Solana Updates Today: Sunrise: Solana's Gateway to Online Capital Markets

Zcash News Today: Institutions Place Their Bets on Zcash’s Quantum Security While Bitcoin Falls Behind

- Zcash developers prioritize quantum-resistant upgrades via modular design, outpacing Bitcoin's slower response to post-quantum threats. - Electric Coin Company integrates NIST-standard algorithms like CRYSTALS-Dilithium, with quantum recoverability protocols nearing completion for 2025 deployment. - Institutional $18M ZEC purchase and 125% price surge highlight market confidence in Zcash's shielded pools and proactive quantum resilience strategy. - Bitcoin lacks concrete post-quantum roadmap despite Vita

Bitget-RWA•2025/11/23 16:02

Zcash News Today: Institutions Place Their Bets on Zcash’s Quantum Security While Bitcoin Falls Behind

Solana News Update: Sunrise Connects Conventional Finance with Blockchain Technology on Solana

- Sunrise, a new platform by Wormhole Labs, streamlines cross-chain token onboarding for Solana via unified gateway. - Launched alongside Monad’s MON token, it addresses Solana’s fragmented liquidity and complex integration challenges. - Using Wormhole’s NTT infrastructure, it ensures fungibility and enables immediate trading on Solana DEXs like Jupiter. - The platform aims to attract investors and expand to tokenized commodities and stocks, bridging traditional finance with blockchain.

Bitget-RWA•2025/11/23 16:02