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

Published 01/25/2022, 04:45 PM
Updated 01/26/2022, 06:20 PM
© Reuters.

Another Bitcoin (BTC) miner from the Solo CK mining pool has solo mined a new block on the Bitcoin blockchain, earning a block reward of 6.25 BTC (over $220,000 at current prices) as a result. The event took place on Monday at a block height of 720,175.

Solo mining consists of attempting to validate blocks by a single miner, without teaming efforts with other miners on a mining pool, and running a full blockchain node. Without significant hashing capabilities, the odds of validating a block tend to be extremely unlikely.

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