A Once-in-82-Year Event Occurred in Bitcoin! It Snatched $290,000!

While Bitcoin (BTC) has experienced volatile price movements in recent days, a Bitcoin miner has achieved a major success.

According to the data, an individual Bitcoin miner managed to earn a block reward alone, despite the extremely low odds.

According to this, a Bitcoin miner, mining alone using CKpool, mined block number 927,474 and obtained a total of 3,133 Bitcoin. At current prices, this is equivalent to $289,380.

This earning consists of a 3.125 BTC block subsidy reward ($283,944) and a 0.008 BTC ($689) transaction fee.

CKpool developer Con Kolivas made the following post from his X account:

“Congratulations to miner 1Ng9~VoQz for solving solo block 311 at solo.ckpool.org!”

The probability of a miner of this size solving a block per day is 1 in 30,000.

Such a situation, if it were to happen, might occur only once every 82 years.

While small-scale (individual) miners often prefer to profit by joining shared mining pools that provide stable rewards, some take a risk and try mining alone in the hope of winning the full block reward, like winning a lottery.

Bitcoin blocks are generated approximately every 10 minutes and are typically mined by the mining pools with the highest chance of receiving the block reward. The reward for successfully mining a block is currently 3,125 Bitcoin, following a halving event earlier this year.

*This is not investment advice.