A solo miner successfully mined block number 899,826 and earned a rare reward worth $330,386.
The miner achieved the feat by mining block 300 from the solo.ckpool Bitcoin mining pool. “Congratulations to miner bc1qa8r4up9nchkvdnhcf9feexv2jfantrk48ef374 who increased his hash rate to solve block 300 solved on solo.ckpool.org!” said CKpool developer Con Kolivas.
Kolivas said that based on Bitcoin’s hash rate, a single miner is likely renting additional hash rate to increase his chances of winning the block reward.
“Although the miner has been mining at a much lower hash rate for some time, the reason the hash rate has increased to these levels is most likely a rental due to there being only one worker.”
Bitcoin blocks are produced approximately every 10 minutes and are typically mined by mining pools that have the highest chance of winning the block reward. The reward for successfully mining a block is currently 3,125 Bitcoins after a halving event earlier this year.
*This is not investment advice.