Solo Bitcoin Miner Wins $350K Block With 2.3 PH Setup
A solo Bitcoin miner successfully mined an entire block, earning approximately $349,028 in Bitcoin using a low-powered rig with 2.3 petahashes. The miner had about a 1 in 2,800 chance of solving a block daily. The mined block, number 903883, yielded a subsidy of 3.173 BTC. While the miner's rig specifications are unclear, it likely consisted of older-generation ASIC miners. To mine one Bitcoin block monthly, a solo miner would typically need around 166,000 TH/s of hash power. Previous solo mining successes include a February block yielding 3.125 BTC and another in June worth $330,000. Industrial Bitcoin mining output has declined in June for major firms like Riot Platforms and Cipher Mining due to strategic operational cutbacks to manage costs during peak demand periods in Texas.