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Solo Bitcoin Miner Has Mined An Entire Bitcoin Block Worth $300K


by Tanzeel Akhtar
for Cryptonews
Solo Bitcoin Miner Has Mined An Entire Bitcoin Block Worth $300K

A solo Bitcoin miner successfully mined an entire Bitcoin block on Monday, earning a reward of approximately $300,000.

This rare feat highlights the uncertain nature of cryptocurrency mining and shows that solo miners can still achieve substantial rewards despite the dominance of large mining pools.

Crypto journalist Pete Rizzo shared the news via X:

On January 30, 2025, a solo Bitcoin miner reportedly used a “$200 BitAXE miner,” a home mining device, to successfully mine a block.

However, another user speculated that the miner leveraged CKPOOL, a mining pool designed for solo miners.

Mining an entire Bitcoin block as a solo miner with limited computational power is statistically improbable, comparable to winning a lottery.

The Bitcoin network is predominantly controlled by large mining pools that combine extensive computational power to increase their chances of mining new blocks.

Understanding Solo Mining

Solo mining involves a miner attempting to solve the complex mathematical problems required to add a new block to the Bitcoin blockchain without joining a mining pool.

While this approach allows miners to keep the entire block reward, the probability of success remains low due to the extensive computational power required.

As the Bitcoin network grows more competitive, solo mining becomes increasingly difficult. However, miners willing to invest in hardware and electricity, despite the slim odds, may still see occasional success.

How the Crypto Market Reacted After the Block Win

On Monday, the cryptocurrency market cap declined by 3% following President Donald Trump’s announcement of a 25% tariff on steel and aluminum imports, intensifying concerns over economic policy shifts.

Following the broader market downturn, Bitcoin (BTC) declined 0.5% to $96,871, while Ethereum (ETH) dropped 1.5% to $2,627.

Ripple (XRP) and Dogecoin (DOGE) each lost 4.2%, with XRP settling at $2.39 and Dogecoin at $0.2486.

The post Solo Bitcoin Miner Has Mined An Entire Bitcoin Block Worth $300K appeared first on Cryptonews.

Read the article at Cryptonews

Read More

More Work, Less Reward: Bitcoin Mining Toughens As Price Sinks To $113K

More Work, Less Reward: Bitcoin Mining Toughens As Price Sinks To $113K

Bitcoin’s network just got a lot tougher to mine while its price took a hit. Accordin...
Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving

Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving

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Solo Bitcoin Miner Has Mined An Entire Bitcoin Block Worth $300K


by Tanzeel Akhtar
for Cryptonews
Solo Bitcoin Miner Has Mined An Entire Bitcoin Block Worth $300K

A solo Bitcoin miner successfully mined an entire Bitcoin block on Monday, earning a reward of approximately $300,000.

This rare feat highlights the uncertain nature of cryptocurrency mining and shows that solo miners can still achieve substantial rewards despite the dominance of large mining pools.

Crypto journalist Pete Rizzo shared the news via X:

On January 30, 2025, a solo Bitcoin miner reportedly used a “$200 BitAXE miner,” a home mining device, to successfully mine a block.

However, another user speculated that the miner leveraged CKPOOL, a mining pool designed for solo miners.

Mining an entire Bitcoin block as a solo miner with limited computational power is statistically improbable, comparable to winning a lottery.

The Bitcoin network is predominantly controlled by large mining pools that combine extensive computational power to increase their chances of mining new blocks.

Understanding Solo Mining

Solo mining involves a miner attempting to solve the complex mathematical problems required to add a new block to the Bitcoin blockchain without joining a mining pool.

While this approach allows miners to keep the entire block reward, the probability of success remains low due to the extensive computational power required.

As the Bitcoin network grows more competitive, solo mining becomes increasingly difficult. However, miners willing to invest in hardware and electricity, despite the slim odds, may still see occasional success.

How the Crypto Market Reacted After the Block Win

On Monday, the cryptocurrency market cap declined by 3% following President Donald Trump’s announcement of a 25% tariff on steel and aluminum imports, intensifying concerns over economic policy shifts.

Following the broader market downturn, Bitcoin (BTC) declined 0.5% to $96,871, while Ethereum (ETH) dropped 1.5% to $2,627.

Ripple (XRP) and Dogecoin (DOGE) each lost 4.2%, with XRP settling at $2.39 and Dogecoin at $0.2486.

The post Solo Bitcoin Miner Has Mined An Entire Bitcoin Block Worth $300K appeared first on Cryptonews.

Read the article at Cryptonews

Read More

More Work, Less Reward: Bitcoin Mining Toughens As Price Sinks To $113K

More Work, Less Reward: Bitcoin Mining Toughens As Price Sinks To $113K

Bitcoin’s network just got a lot tougher to mine while its price took a hit. Accordin...
Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving

Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving

Bitcoin miners struck gold in July, hitting their highest earnings since the April 20...