Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000

Over the past ten years, it is considered something unusual if bitcoin mining was carried out without the participation of a large server. On Monday, a bitcoin (BTC) miner, a member of the Solo CK mining pool, single-handedly opened a new block in the BTC blockchain. For this, he was awarded 6.25 BTC, which is equivalent to 220,000 US dollars at the current exchange rate. 

Miners working independently are engaged in checking blocks without the help of like-minded people on the mining server and using a full blockchain node. Due to the fact that hashing resources must be spent on checking the block, such mining alone is problematic. In order to increase the probability of success and increase hash power, miners try to join pools so that when adding up the hash capacities of each, they succeed in checking blocks and divide the profits among themselves. 

CKPool admin Kon Kolivas tweeted about this case, according to him, a lone miner had a capacity of about 86 terahashes per second, hash power is determined by the computational speed at which a computer can perform cryptographic functions necessary for mining cryptocurrencies and block verification for proof-of-work blockchains such as Bitcoin. In his opinion, there are already a lot of people in solo mining and the amount of success will grow. 

The power of 86 terahashes per second is comparable to the mining abilities of the S9 machine. Such indicators are not high and the probability of success is quite low. 

Moreover, just 2 weeks ago, another lone miner from the same Solo CK mining pool successfully opened a valid block. Hass McCook, a member of the bitcoin board of Cointelegraph, said that success for solo mining is underestimated. 

Contrary to the name, CKPool is not exactly a mining pool, it is rather a service that supports single miners so that they experience lower costs when launching a full-fledged bitcoin node.