A solo miner recently made headlines by successfully mining a single block of Bitcoin and earning 6.36 BTC just before the impending halving. This achievement is a testament to the potential profitability of solo mining in the cryptocurrency space.

On April 5, the solo miner, with an equipment hashrate of 7 PH/s, successfully mined block #837,814 on the Bitcoin blockchain. According to Mempool, the user received a total of 6.36 BTC, equivalent to $422,750 at the time of mining, including a commission of 0.1 BTC.

CKPool pool administrator Con Kolyvas mentioned that the miner had been mining intermittently since the pool’s last restart and had accumulated about 0.05% of the shares required to solve a block on average.

Congratulations to miner 33uUaKyRDWFoKAFPJNp3gjXSd9FRa4Z2GW for successfully solving the 281st solo block with an impressive 7PH hashrate before the halving!

“The miner has contacted me in private. He was mining with his own hardware supplemented by intermittent rented hashrate,” said Con Kolyvas, the CKPool pool administrator.

In October 2023, another solo miner successfully mined a block on the Bitcoin network with a hardware power of 11 PH/s, receiving a reward of 6.25 BTC and a commission of 0.09 BTC. In May 2023, a different miner earned $177,115 by mining a block, receiving a reward of 6.25 BTC and a commission of 0.24 BTC.

As of the end of March 2024, the difficulty of mining Bitcoin decreased by 0.97%, with an indicator of 83.13 T. The average hashrate during this period was 593.99 EH/s, with a block time of approximately 10 minutes and 7 seconds.

Solo mining in the cryptocurrency space can be a lucrative endeavor, as demonstrated by these successful miners. With the right equipment and strategy, solo miners can still make a significant profit despite the challenges posed by increasing difficulty levels.

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