Solo Bitcoin Miner Earns Nearly $290,000 From One Block

On January 20, a solo miner successfully mined Bitcoin block 933,034. The miner did not rely on a traditional mining pool. The total reward reached 3.131 BTC, worth $289,191. The block included 1,129 transactions. Transaction fees added another 0.006 BTC. That equals roughly $562 in additional revenue.

The miner rented hashpower through NiceHash. The reported cost of the rental was approximately $90. No further details about the miner’s hashrate were disclosed.

Another solo miner struck days earlier

A similar event occurred on January 15. Another solo miner found block 932,373. Total earnings exceeded $304,800. That block processed 2,581 transactions. Transaction fees reached 0.032 BTC, or about $3,058. The miner also relied on rented hashpower.

Such events are statistically rare. However, they highlight that solo mining remains possible. Still, the odds of success remain extremely low.

Bitcoin network hashrate hits multi-month low

These events come amid declining network activity. On January 21, Bitcoin hashrate dropped to 983 EH/s. This marks a 25% decline from October highs.

The current daily average sits near 1.01 ZH/s. Peak levels were recorded roughly four months ago. At that time, Bitcoin traded above $126,000.

As prices corrected, mining activity softened. Some operators reduced active capacity. This led to lower overall network power.

Mining profitability remains pressured

Mining profitability has also declined. Hashprice fell from $41 to $38 per PH/s per day. The drop followed Bitcoin’s recent price pullback.

Still, a difficulty reduction may offer relief. If Bitcoin prices stabilize, margins could improve. For now, volatility remains the key risk factor.

Read also: Bitcoin Hashrate Drops Below 1 ZH/s Amid AI Power Shift