Key facts
- A solo miner solved Bitcoin block 960,804, earning a reward of approximately $200,000.
- The reward comprised 3.125 BTC subsidy and 0.032 BTC in transaction fees from 4,243 transactions.
- This marks the 317th solo block discovered via the CKPool service.
- The winning miner utilized a variable hashrate peaking at 100 PH.
A solo Bitcoin miner has successfully solved block 960,804, earning a reward of approximately $200,000. The payout, which occurred early Monday UTC, consisted of 3.15689830 BTC, comprising the 3.125 BTC block subsidy and 0.032 BTC in transaction fees from 4,243 included transactions.
This significant solo find was the 317th such block to be solved through the CKPool service, according to its pseudonymous developer, Dr -ck. The winning address was identified as bc1qdyqjq9qccp34pyv3kxmsrkn7p0amnsqqy8kdeq. Dr -ck noted that the miner achieved this feat despite the recent chaos surrounding an exploit of the Coldcard hardware wallet, which has resulted in estimated losses of $114 million.
Bitcoin mining involves competing computational power to solve cryptographic puzzles, with the winner receiving the block reward. The current subsidy is 3.125 BTC, which halves approximately every four years. The miner in question reportedly utilized a variable hashrate peaking at 100 PH, representing about 0.011% of the network's total hashrate of 924 EH/s. While solo finds are rare, they continue to occur through services like CKPool, which allows miners to connect their hardware without running a full node, taking a 2% cut of any block found.
Bitcoin was trading around $63,700 on Monday, up 1.1% for the day. Despite this, sentiment on prediction markets remains bearish, with users placing a 68% chance on Bitcoin's price falling to $55,000.