{"id":11828,"date":"2022-01-24T13:52:55","date_gmt":"2022-01-24T13:52:55","guid":{"rendered":"http:\/\/ci029816ae900025f8"},"modified":"2022-01-24T13:52:55","modified_gmt":"2022-01-24T13:52:55","slug":"third-solo-bitcoin-miner-finds-valid-block","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/third-solo-bitcoin-miner-finds-valid-block","title":{"rendered":"Solo Bitcoin Miner With Only 86 TH Finds Valid Block"},"content":{"rendered":"
<\/div>

For the third time in a little over ten days, a solo bitcoin miner has found a valid block hash to take the full coinbase reward home. The small worker, with only about 86 terahashes per second (TH\/s) of hashrate capacity, managed to successfully mine a new block on the Bitcoin network, earning a block reward of 6.25 BTC and over 0.30 BTC in fees.<\/p>\n

\u201cCongratulations to another miner with approximately 86TH solving a solo block on http:\/\/solo.ckpool.org,\u201d tweeted<\/a> Solo CK Pool administrator, Dr. Con Kolivas. \u201cThere are a lot more miners now on the solo pool and if enough people are mining solo, someone will eventually be the lucky one as here.\u201d<\/p>\n

Although the lucky miner had about 86 TH\/s of average hashrate capacity over the past seven days, it seems they had less than 10% of that on board when it was able to successfully mine a full block.<\/p>\n

\u201cNote this miner had been varying the amount of hashrate they were mining solo with, and at the time they solved it only had 8.3TH on board,\u201d Kolivas said in a reply tweet.<\/p>\n

The solo miner added block number 720175<\/a> to the Bitcoin blockchain at about 6 am UTC on Monday to kickstart the workweek earning over $215,000 in unseizable hard money.<\/p>\n

Solo CK Pool miners have found luck more than once in the past couple of weeks. On January 11, a solo miner with 120 TH\/s hit the jackpot<\/a> by successfully adding a new block to the Bitcoin blockchain and receiving a reward of over $270,000 at the time. Only a couple of days later, another solo worker<\/a>, with 116 TH\/s, also managed to find a valid block and take over $260,000 in rewards when the block was added to Bitcoin.<\/p>\n

\u201cTo be clear, this is not a sentinel event, there is nothing wrong with proof of work, bitcoin is not broken, my solo mining service doesn\u2019t have a back door to solve blocks faster,\u201d Kolivas said in another reply tweet, given the increased number of solo miners in his pool that have been able to add a new block. \u201cWith enough miners mining, someone eventually solves a block, and it can be a miner of any size.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

A third individual worker successfully mined a new block on Bitcoin in under two weeks, taking home over $215K.<\/p>\n","protected":false},"author":2572,"featured_media":11264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[564,189,2605,196,93],"class_list":{"0":"post-11828","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin-miner","9":"tag-bitcoin-mining","10":"tag-btc-reward","11":"tag-miner","12":"tag-news"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bitcoin-miner-demand-outstripping-supply-in-china.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/11828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=11828"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/11828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/11264"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=11828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=11828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=11828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}