A solo Bitcoin miner earned a massive reward on Friday morning after mining a block without the support of a mining pool, earning $266,000 in the process. But how realistic is this success?
On Friday, an unknown miner processed Bitcoin block 888,737. This block contained 2,327 transactions and the miner received a reward of 3.125 BTC, as well as 0.032 BTC in fees.
Given the current price of Bitcoin at $84,257 per coin, that's over $266,000 in a day.
Another solo block for FutureBit Apollo! pic.twitter.com/F5bP1ObEH9
— CaseRocker (@CaseRocker) March 21, 2025
Bitcoin miners process blocks in the cryptocurrency network. Blocks contain transaction data and are part of the Bitcoin blockchain.
Miners are awarded new coins: a fixed reward of 3.125 BTC , as well as transaction fees paid by users of the payment system within a given block.
As the network expanded, mining operations became more energy intensive and typically evolved into industrial facilities with rooms full of equipment.
However, sometimes a single miner can make a significant profit using a home hobbyist setup. In this case, according to blockchain data, the miner used a homemade FutureBit Apollo.
However, experts told Decrypt that things may not be as simple as they seem: “Solo mining” in blockchain jargon technically refers to any miner who is not part of a mining pool . Pools are groups of crypto miners who pool their resources to increase their chances of processing a transaction. But in doing so, they also split the reward.
“The term ‘solo miner’ is actually quite broad,” anonymous Bitcoin miner Econoalchemist told Decrypt . “It could be just one person in their apartment or an entire warehouse full of powerful rigs.”
Ultimately, this means that a “solo miner” could have a room full of hobbyist machines working together to process transactions. Such a setup would not necessarily be easy — or cheap — to set up, although it would give the miner more opportunities to win a block.
However, given that solo miners have mined many blocks in recent months, Friday's news could encourage more Bitcoiners to try home mining.
Edited by Andrew Hayward
Source: cryptonews.net
