Another solo Bitcoin miner solves a valid block, making it the fourth in 2022

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Hopium is back on the Bitcoin (BTC) solo miner menu. A reward of around $240,000, or 6.25 BTC, was generated by another solo miner this morning.

This time the odds were less than 20%, according to Con Kolivas, Bitcoin software engineer and administrator of ckpool, whose name takes his initials. This is the fourth “blockfind” for the ckpool since January 11.

Kolivas tweeted his congratulations to the miner who joins the ranks of the few lucky solo BTC miners.

Congratulations to a miner with 1.14PH who solved the 264th solo Bitcoin block at https://t.co/UWgBvLkDqc! https://t.co/5BsWlYkYJt There was once again a ~20% chance that one of the miners in the pool had already solved a block. pic.twitter.com/NrlAbhhKCk

-Dr. Con Kolivas (@ckpooldev) February 1, 2022

The brave miner belongs to Solo ckpool, the service that offers anonymous solo Bitcoin mining for a fee. At 1.14 petahashes per second (PH/s), the miner is considered a “whale” miner, with a considerable hash rate for a single entity.

A new BTC block is resolved roughly every 10 minutes by miners competing against the entire hashrate of the bitcoin network. For comparison, US miners at Bitcoin Foundry are currently the largest contributors to the network’s hash rate, with 33,803 PH/s.

A Twitter user felt that while 1.14PH/s is a lot, it’s still less than a full room of S19, Antminer’s flagship mining product.

Related: Bitcoin Miners Think Global Hash Rate Will Grow “Aggressively”

The ckpool has recently taken the mining world by storm. A Bitcoin miner with a tiny hash rate of just 126 terahashes per second (TH/s) – possibly a single S19 machine – solved a valid block on January 12. Two weeks later, another underdog with only 86 TH/s achieved the improbable by solving another valid block.

Over the lifetime of the Bitcoin blockchain, 264 blocks or 0.037% of the approximately 721,240 blocks have been solved by ck’s solo Bitcoin miners. While the odds are clearly against the standouts, they continue to surprise and delight Bitcoiners.

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