Reporting · markets
Two solo Bitcoin miners each win over $230,000 within hours
Two independent solo miners each won more than $230,000 from Bitcoin blocks mined on November 7, using the CKPool service.
Quick take
- Two independent solo miners each won over $230,000 in Bitcoin block rewards on November 7.
- The blocks were confirmed less than seven hours apart, and both miners used CKPool.
- Solo mining lets winners keep nearly all of a block reward, though multi-machine setups carry high costs.
BeInCrypto reported that a pair of unaffiliated solo miners collected rewards above $230,000 apiece, with the wins landing less than seven hours apart. The coverage says the Bitcoin blockchain confirmed blocks 974,893 and 974,930, and both miners used the CKPool solo mining service.
Solo mining lets a winner keep nearly all of a block reward. The coverage also says a multi-machine setup has odds of about 1-in-40 per year, with electricity costs of $400 to $1,100 each month, while mining hardware costs thousands of dollars upfront.
A single-machine miner also won a block in April, the coverage notes. The April win came from a miner running one machine rather than a multi-machine setup. According to the coverage, mining expenses are climbing, and competition across the network sits near record highs.
Taken together, the figures frame solo mining as a long-odds pursuit, the coverage indicates, with Powerball jackpot odds cited at 1-in-292 million for comparison. The coverage lists these costs alongside the two November wins.
Sources
Machine-written from the publishers’ reports and checked against them · How Dextape writes
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