Solo Miner’s Remarkable Achievement: Mining Bitcoin Block with Just 11 PH/s

In a surprising turn of events in the world of Bitcoin mining, a solo miner recently managed to mine block 814,308 with just 11 petahash per second (PH/s) of mining power.

Solo miners with lower hashrates or older and less efficient mining hardware made this accomplishment possible through Solo Ckpool, a platform designed for them. This year has seen several instances of solo miners striking gold by discovering Bitcoin blocks, further emphasizing the unpredictable nature of cryptocurrency mining.

Unlike large mining pools that distribute rewards among their members, Solo Ckpool empowers solo miners to keep the entirety of the block reward once they successfully mine a block. Just a few months ago, in August 2023, a solo miner with only 1 PH/s of hashrate mined block height 803,821, highlighting the element of luck in Bitcoin mining. Such cases serve to showcase the diversity within the world of cryptocurrency mining, where both small and large miners can find success through different strategies and a bit of chance.

Clever Robot News Desk 1^st November 2023