{"id":399155,"date":"2022-01-26T00:45:00","date_gmt":"2022-01-25T21:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/yet-another-solo-bitcoin-miner-solved-a-valid-block-earning-a-reward-worth-over-220000\/"},"modified":"2022-01-26T00:45:00","modified_gmt":"2022-01-25T21:45:00","slug":"yet-another-solo-bitcoin-miner-solved-a-valid-block-earning-a-reward-worth-over-220000","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/yet-another-solo-bitcoin-miner-solved-a-valid-block-earning-a-reward-worth-over-220000\/","title":{"rendered":"# Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000"},"content":{"rendered":"<p>&#8220;<strong># Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNjlkZmEwYzctOWZhZC00YzFlLWE2ZTItOWYzZWZlY2IyZGE5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Another Bitcoin (BTC) miner from the Solo CK mining pool has solo mined a new block on the Bitcoin blockchain, earning a block reward of 6.25 BTC (over $220,000 at current prices) as a result. The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.blockchain.com\/es\/btc\/block\/00000000000000000007ed90d289f313c4f19a44438f3c4c55eca1637c4c8702\">event <\/a>took place on Monday at a block height of 720,175.<\/p>\n<p>Solo mining consists of attempting to validate blocks by a single miner, without teaming efforts with other miners on a mining pool, and running a full blockchain node. Without significant hashing capabilities, the odds of validating a block tend to be extremely unlikely.<\/p>\n<p>To increase these odds and avoid the costs associated with solo mining, miners <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly come together in pools to combine their hash power, increasing the chances of validating a block and ultimately sharing the spoils if they succeed.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ckpooldev\/status\/1485585814419812356\">According<\/a> to a recent tweet from CKPool admin Con Kolivas, this solo miner had a hash power of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 86 terahashes per second. Hash power determines the computational speed at which a computer can perform the cryptographic functions needed to mine cryptocurrency and validate a block for proof-of-work blockchains like Bitcoin. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Congratulations to another miner with approximately 86TH solving a solo block on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UWgBvLkDqc\">https:\/\/t.co\/UWgBvLkDqc<\/a> ! There 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. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Hqte2achR4\">https:\/\/t.co\/Hqte2achR4<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0ZT635LicD\">pic.twitter.com\/0ZT635LicD<\/a><\/p>\n<p>\u2014 Dr. Con Kolivas (@ckpooldev) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ckpooldev\/status\/1485585814419812356?ref_src=twsrc%5Etfw\">January 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe miner in question had less hash power than a single S9 mining machine; a relatively small amount of computational power, making this a very unlikely event.<\/p>\n<p>Even more remarkable is the fact that only two weeks ago, another solo miner from the Solo CK mining pool also completed a similar task by successfully solving a valid block. \u201cTo say this is very rare is an understatement,\u201d Bitcoin council member Hass McCook told Cointelegraph at the time.<\/p>\n<p>Despite its name, CKPool isn\u2019t a regular mining pool, it&#8217;s a service that allows solo mining without dealing with the costs and troubles of running a full Bitcoin node.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/yet-another-solo-bitcoin-miner-solved-a-valid-block-earning-a-reward-worth-over-220-000\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000 &#8221; Another Bitcoin (BTC) miner from the Solo CK mining pool has solo mined a new block on the Bitcoin blockchain, earning a block reward of 6.25 BTC (over $220,000 at current prices) as a result. The event took&#8230;<\/p>\n","protected":false},"author":1,"featured_media":399156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNjlkZmEwYzctOWZhZC00YzFlLWE2ZTItOWYzZWZlY2IyZGE5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74894,75042,78423,72373],"class_list":["post-399155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-blockchain","tag-mining","tag-mining-pools","tag-rewards"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/399155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=399155"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/399155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/399156"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=399155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=399155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=399155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}