A lone Bitcoin miner has struck it rich by mining a block that awarded him a 3.125 Bitcoin reward, translating to a whopping $300,000. The lucky miner managed to mine Block 883,181, which contained 3,071 transactions and a total reward of 3.15 Bitcoin BTCUSD, as per the data on Bitcoin block explorer, Mempool.space.
Marshall Long, a known Bitcoin miner, revealed in a post on February 10 that the fortunate miner seemed to have used an implementation of the CKPOOL for the operation. However, Long clarified that the miner did not appear to be directly affiliated with CKPOOL. He suggested that the miner may have employed a Bitaxe, a popular mining device used for both solo mining and mining pools.
Despite a slight decrease of -0.81% from 795.29M on Feb. 9, Bitcoin’s current hashrate stands strong at 788.86M, marking a significant growth of over 53% from the previous year, as per data from Bitcoin transaction tracker, YCharts.
The crypto mining landscape is dominated by large-scale mining firms like Bit Digital, Riot Blockchain, and Marathon Digital, which boast immense hash power. Meanwhile, solo miners like our lucky protagonist rarely get to solve blocks due to the high computational power and energy costs associated with validating a block.
Satoshi Nakamoto’s Bitcoin white paper outlines a stringent limit of 21 million Bitcoin, of which over 19 million have been dispensed as block rewards to miners till date, according to the Blockchain Council. Bitcoin’s price has rebounded to over $98,000 following a brief slump triggered by President Trump’s announcement of tariffs on aluminum and steel, further intensifying the ongoing US trade war.
However, Bitcoin has yet to surpass its record high of over $109,000, which was achieved on Jan. 20, right before Donald Trump’s presidential inauguration. The previous all-time high was just shy of $109,000, attained on Dec. 17, 2024.
