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Another Bitcoin Block Find By A Whale Solo Miner by xabi

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· @xabi ·
$37.30
Another Bitcoin Block Find By A Whale Solo Miner

![02fc6bc75ca69bf0b1ef462574deddfe 1.png](https://images.hive.blog/DQmQZaZsYA9tm4drH5Ve7o6tiq6kkX88yb2hGTpezFRdL9Q/02fc6bc75ca69bf0b1ef462574deddfe%20(1).png)
[<sup>(Source)</sup>](https://cointelegraph.com/news/another-solo-bitcoin-miner-solves-valid-block-making-it-fourth-in-2022)

#### Evening

So it happened again...Another solo Bitcoin miner solved a block on the network to pocket the reward of 6.25 Btc worth $240,000. Recent solo mining event happened on Tuesday morning on Block 721,310.

Solo miners try to solve Bitcoin block themselves in contract to pool mining where a large number of miners pool together their hash power to increase their odds of finding the next block and share the rewards. Solo block find may be extremely rewarding, but a highly unlikely event considering the limited hash power a single miner can garner.

CKPool admin Con Kolivas announced the recent successful solo block find on tweeter, congratulating the user. This is the fourth solo block find by a miner on CKPool since January 11th this year. CKPool is not a mining pool, but instead it is a service that caters the Bitcoin node running needs of solo miners for a fee.


[![mi.png](https://images.hive.blog/DQmYJ4BKaHUjgFFPYbuS9pd3eR9qr1L13TCxgUAKL1HJD6h/mi.png)](https://twitter.com/ckpooldev/status/1488454376180285443?s=20&t=gh-v50SPpthVl868PFcbyA)

The lucky miner did had a huge hash power of 1.14 PH/s which is humongous for a solo miner but still way lower than pool mining. Back on 12th January a solo miner with small hash power of 126 TH/s solved a block. Interestingly, another solo miner also belonging to CKPool running with just 86 TH/s found another valid block two weeks latter.

Out of 721,240 Bitcion blocks 264 blocks were solved by CKPool solo miners, having a puny success ratio of just 0.037%. But still many people like to venture out on the improbable journey of solo mining and solo block finds like these can entice even more optimist fellas out there.

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![image.png](https://images.hive.blog/DQmbrLvuKcUaQ6QGFh32C9g1XkCM5TpTJuMnVhVysT4SMTe/image.png)

</center>

<center>

![158817836372645504 45.png](https://files.peakd.com/file/peakd-hive/xabi/vzEZjOB9-1588178363726455042045.png)

</center>


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@hivebuzz ·
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