Someone spent a small amount of money to rent mining power from NiceHash for a short time. They pointed it at the Bitcoin network solo, hoping to win the lottery.
On May 21, 2024, against enormous odds, they hit the jackpot — block #844,494 worth $274,749. The cost of renting that hashrate? A fraction of the reward.
Hashrate unknown for this miner — odds cannot be calculated. They found a single block; their true hashrate is a mystery.
&lC/NiceHash/In pool mining, thousands of miners work together and split the reward every time they find a block.
In solo mining, you work alone. You keep 100% of the reward — but you might go years without finding anything.
The Bitcoin network produces ~52,560 blocks per year. Each block currently pays 3.125 BTC.
Every solo block is proof that small miners can still win. 🎉