This Week 4 different Solo Miners Took Home $853K!

[Report4You]

It's been a wild week for solo miners. Four different miners hit blocks in the past 7 days across three different solo pools, taking home a combined ~12.47 BTC (~$853,000 USD). The little guys keep winning.

1. Block 943,411 (April 2)

Pool: Solo CK
Hashrate: 240 TH/s
Reward: 3.07 BTC ($205,949 USD)
3,961 transactions | 1.4M sats in fees
Fee range: 0.00 to 477 sat/vB
312th solo block on CKPool. First in 33 days.
Odds: 1 in 28,000 per day

2. Block 943,466 (April 3)

Pool: Public Pool (the pool's first ever solo block)
Devices: NerdOCTAXE (8.2 TH/s) + NerdQaxe+ (2.9 TH/s) + NerdQaxe++ (7.4 TH/s)
Total hashrate: 18.5 TH/s
Reward: 3.14 BTC (~$209,597 USD)
2,359 transactions | 2.3M sats in fees
Fee range: 1.00 to 448 sat/vB
All open-source hardware. Zero pool fees.

3. Block 944,078 (April 7)

Pool: Noderunners Mining Pool
Device: NerdQaxe++
Reward: 3.13 BTC (~$215,163 USD)
3,927 transactions | 706.4k sats in fees
Fee range: 0.13 to 85.0 sat/vB

4. Block 944,306 (April 9)

Pool: Solo CK (EU)
Device: Antminer S19 (~70 TH/s)
Reward: 3.128 BTC (~$222,722 USD)
440 transactions | 299.2k sats in fees
Fee range: 1.00 to 20.25 sat/vB
313th solo block on CKPool
Odds: 1 in 100,000 per day (once every ~300 years)

For context, the entire Bitcoin network is running at 1 ZH/s (1,000,000 TH/s). These miners represent a rounding error of the total hashrate, yet they're pulling full block rewards worth six figures.

Solo mining is the ultimate Bitcoin lottery. You either win everything or nothing. No reward splitting, no pool politics. Just you, your hardware, and SHA-256.

4 solo blocks in one week is absolutely nuts.

[Somegory]

Mining Bitcoin via solo is the only lottery that's worth giving your time, yes we can't tell if we will solve a block but it's something that feels good because somehow it's better than buying tickets all the time.

You set the miners up and that's your lottery ticket for life, no any daily spending needed, just know at one side that you are trying your luck every blessed day, it's a better way to be a gambler than walking into a casino.

Maybe I am talking this way because I like crypto mining normally? Someone who doesn't might see things differently.

[FP91G]

I thought devices with a hashrate of 10-20 terahashes hadn't found Bitcoin blocks for a long time, but here we see two blocks a week on such devices. The chances of finding a block with such a device are very low, but I think the overall chances of finding a block are increasing due to the increased use of such devices. Otherwise, I have no other explanation for these events.

[RumorCipher]

That is why solo mining is often compared to a lottery. A miner with only 70 TH/s or even 18.5 TH/s has almost no chance against a network above 1,000,000 TH/s, but if they find a block, they keep the entire reward. The miner with the Antminer S19 reportedly had odds of only about 1 in 100,000 per day, which shows how unusual this week was. Four solo blocks in one week is extremely rare. Most solo miners will never hit a block, which is why many still join pools for smaller but more regular payouts. 

[FP91G]

That is why solo mining is often compared to a lottery. A miner with only 70 TH/s or even 18.5 TH/s has almost no chance against a network above 1,000,000 TH/s, but if they find a block, they keep the entire reward. The miner with the Antminer S19 reportedly had odds of only about 1 in 100,000 per day, which shows how unusual this week was. Four solo blocks in one week is extremely rare. Most solo miners will never hit a block, which is why many still join pools for smaller but more regular payouts. 

I don't think there's any point in mining in normal mode on a 20 terahash pool right now. Although such devices consume very little power, they will have a very long payback period.
And since the price of Bitcoin has started to rise, mining difficulty has also increased, so the chances of solo miners will decrease.

[philipma1957]

The Allure of Solo Mining Rigs

I suppose so.

3.1 btc sounds good to me.

[Conqueror777]

Mining Bitcoin via solo is the only lottery that's worth giving your time, yes we can't tell if we will solve a block but it's something that feels good because somehow it's better than buying tickets all the time.

You set the miners up and that's your lottery ticket for life, no any daily spending needed, just know at one side that you are trying your luck every blessed day, it's a better way to be a gambler than walking into a casino.

Maybe I am talking this way because I like crypto mining normally? Someone who doesn't might see things differently.

No daily spend? What about the electricity to power up the miners?

[FP91G]

Mining Bitcoin via solo is the only lottery that's worth giving your time, yes we can't tell if we will solve a block but it's something that feels good because somehow it's better than buying tickets all the time.

You set the miners up and that's your lottery ticket for life, no any daily spending needed, just know at one side that you are trying your luck every blessed day, it's a better way to be a gambler than walking into a casino.

Maybe I am talking this way because I like crypto mining normally? Someone who doesn't might see things differently.

No daily spend? What about the electricity to power up the miners?

NerdOCTAXE (8.2 TH/s) will consume 115 kilowatts per month. That's about the price of a few cups of coffee and a loaf of bread. Some miners install this equipment in student dorms, so the electricity is free
In my country it's 6 dollars, in England it might cost 30 dollars, but it's hard to call it a big expense.