The post Solo Bitcoin Miner Hits the Jackpot Wins $347,000 Block Reward appeared first on Coinpedia Fintech News
A solo Bitcoin miner just hit the ultimate crypto jackpot, earning $347,000 from a single block. Against 1-in-7-million odds, the solo miner managed to beat the giants of the industry and take home the full Bitcoin reward.
The win comes as Bitcoin surges past $111,000, up over 3% in the last 24 hours, with a market cap of $2.21 trillion.
Solo Bitcoin Miner Hits the Jackpot
According to on-chain data, a solo Bitcoin miner struck gold this week by successfully solving block 919,923 on Monday around 10:30 UTC, earning 3.1 BTC worth about $347,000.
The block included 182 transactions, adding a small bonus of 0.001 BTC in fees. The mining was done through Solo CKPool, a platform that allows individuals to mine Bitcoin without operating their own node.
This rare success story once again shows that Bitcoin’s decentralized proof-of-work system still gives small miners a fair shot at winning big.
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Beating a 1-in-7-Million Chance
Data shows the miner’s hardware produced around 200 terahashes per second (TH/s) similar to a modern Antminer S21, which accounts for just 0.00002% of Bitcoin’s total network hashrate.
With the global hashrate now above 600 exahashes per second, the odds of a solo miner discovering a block are about 1 in 7 million. Most individuals rely on small rigs, while large pools like F2Pool and AntPool dominate the network’s computing power.
It’s a rare event, only about eight solo mining successes have been recorded so far in 2025, highlighting how competitive and random Bitcoin’s proof-of-work system truly is.
The miner’s success comes amid strong bullish sentiment in the Bitcoin market. As of today, BTC trades around $111,000, climbing 4% in the last 24 hours.
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FAQs
A solo Bitcoin miner is an individual who mines Bitcoin independently, competing against large pools to solve a block and win the full reward themselves.
The solo miner won 3.1 BTC, which was worth approximately $347,000 at the time of the block’s discovery, a rare and massive jackpot.