Solo Miner Beats 1-in-Million Odds in Rare Bitcoin Mining Win
Two recent cases underscore the extreme randomness of solo mining in Bitcoin. On September 8, a miner with 200 TH/s on CKPool beat 0.00278% odds to mine block #913,593 and earn 3.129 BTC (~$348,000). Then on November 21, another independent miner with just 6 TH/s on Solo CKPool defied 1-in-180 million odds under an 850 EH/s network hashrate to claim 3.146 BTC (~$265,000). Both paid 2% pool fees yet captured full block rewards. These rare solo mining wins open a window into Bitcoin mining variance and highlight the lasting allure of solo mining despite network centralization.
Neutral
These rare solo mining victories highlight the randomness of Bitcoin mining and can momentarily boost miner sentiment. However, they do not alter Bitcoin’s supply dynamics or network fundamentals, making any price impact negligible. Traders are unlikely to adjust positions based on isolated solo mining events, so the overall market outlook remains neutral.