Bitcoin Miner Claims 3.125 BTC Block Reward Worth Over $300K

Sazid KabirCryptoFebruary 11, 2025

On February 10, 2025, a solo Bitcoin miner achieved an impressive feat, successfully mining Block 883,181 and securing a block reward of 3.125 Bitcoin, which at the time was valued at over $300,000. The block contained 3,071 transactions, according to the Bitcoin block explorer, Mempool.space.

The lucky miner, whose identity remains unknown, used a mining setup involving the CKPOOL implementation, although there’s speculation that they may have been using a Bitaxe, a device used in both solo mining and mining pools.

Marshall Long, a Bitcoin mining expert, shared the news on social media, noting that the miner didn’t appear to be directly affiliated with CKPOOL.

The Bitcoin hashrate currently stands at 788.86 million, showing a slight decrease from the previous day but up more than 53% compared to the same time last year.

This high hashrate makes solo mining increasingly difficult as miners need significant computational power to successfully validate a block. Large mining companies typically have the advantage, validating the majority of blocks due to their massive hash power.

Bitcoin has recently seen a rebound, crossing back over $98,000 in price, signaling a recovery in the crypto markets.

However, it still hasn’t reached its all-time high of over $109,000, which was briefly achieved in January 2025.

Leave a reply

Loading

Signing-in 3 seconds...

Signing-up 3 seconds...