A solo Bitcoin miner has achieved a remarkable feat by earning over $200,000 in Bitcoin after renting just $75 worth of hash power. The miner successfully validated block 938,092 at 8:04 a.m. UTC on Tuesday, securing the full 3.125 BTC block reward. Utilizing hashrate rented through on-demand cloud services, the miner spent approximately 119,000 satoshis to rent 1 petahash per second of computing power via CKPool, a service that allows individual miners to operate independently while using a pool server for broadcasting solutions.
This event highlights the potential of solo mining, despite its low odds. The miner's return represents a 2,600x payoff, akin to winning a lottery with better odds. Solo mining has become more accessible due to cloud-based services, which allow individuals to rent computing power without owning physical hardware. Over the past year, 21 solo miners have successfully validated blocks, earning a total of 66 BTC, valued at $4.1 million. This marks a 17% increase in solo blocks found year-over-year, with one block discovered approximately every 17 days on average.
Solo Bitcoin Miner Nets $200,000 Block Reward with $75 Hashrate Rental
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