A One-in-a-Million Event: A Bitcoin Miner Winning the Entire Reward All by Him! Here’s How Much He Won

As the US-Iran conflict continues for weeks, Bitcoin (BTC) surged above $70,000 on the prospect of a ceasefire.

Bitcoin started the new week with gains, but war-related uncertainty is increasing.

While BTC continues its volatile course, a single Bitcoin miner solved an entire Bitcoin block and earned the full block reward of $210,000.

An anonymous solo Bitcoin miner, mining through CKPool, which provides infrastructure for single miners, mined block 943,411, earning the full block reward (approximately $210,000, or 3,139 BTC in total). This amount includes a 3,125 BTC subsidy and 0.014 BTC in transaction fees.

The miner’s hash rate is only 230 TH/s, representing just ~0.00002% of the total Bitcoin network hash rate.

CKpool developer Con Kolivas stated that with this type of setup, the probability of a miner discovering a block on any given day is approximately 1 in 28,000.

Bitcoin blocks are generated approximately every 10 minutes and are typically mined by the mining pools with the highest chance of receiving the block reward. The reward for successfully mining a block is currently 3,125 Bitcoin, following a halving event earlier this year.

*This is not investment advice.

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