Solo Miner Hits Jackpot, Earns $310K for Mining a Bitcoin Block
A Bitcoin miner has successfully mined Block 883,181, securing a reward of approximately $310,000.
The miner, who operated independently without the backing of a major mining company, solved the cryptographic puzzle required to validate transactions and add a new block to the Bitcoin blockchain.
The Mining Method
Crypto journalist Pete Rizzo first reported the rare event on X, revealing that the miner processed a block containing 3,071 transactions.
The miner received a reward of 3.125 BTC for solving the block and an additional 0.033 BTC in transaction fees, resulting in a total earnings of 3.158 BTC. With the cryptocurrency priced at around $98,300 at the time, this amounted to a payout of approximately $310,000.
While the exact setup used by the individual remains unclear, speculation has emerged on X regarding their possible equipment. Some users suggested that the miner could have used a $200 BitAXE home mining device. Others believe they may have leveraged CKPOOL, a mining pool for solo miners that allows individuals to participate without relying on a major firm.
According to data from BitInfoCharts, as of February 11, 2025, the Bitcoin network’s average hash rate is approximately 800.52 exahashes per second (EH/s). At this level, the chances of an individual miner successfully adding a block to the blockchain are extremely low.
Most Bitcoin blocks are generated by large-scale industrial operations, which look like warehouses filled with powerful, high-cost mining machines run by publicly traded companies. However, on rare occasions, a lone miner manages to beat the odds and mine a block independently.
Previous Solo Mining Successes
Solo mining involves an individual attempting to solve complex cryptographic puzzles without assistance from a mining pool.
As Bitcoin’s mining difficulty increases, the process requires more resources, making it more challenging for such operators to succeed. The rising price of Bitcoin has also led to increased competition, contributing to a higher overall hash rate and reducing the likelihood of such occurrences.
However, there have been other instances of individual miners successfully mining a Bitcoin block. On April 29, 2024, a miner independently mined Block 841,286, earning them an entire 3.125 BTC reward, valued at around $200,000 at the time.
In July of the same year, a BitAXE device with a hashrate of only 500 gigahashes per second (Gh/s) successfully mined Block 853,742, securing a reward of $206,000 in Bitcoin. This case was particularly notable given the probability of such an event occurring was estimated at 1 in 1.1 billion approximately every ten minutes.
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Global Bond Market Could Drive 1,300x Growth in DeFi, Says Omni Founder
Co-founder of Omni Foundation Austin King believes tokenization will reshape global finance—but not in the way many expect. After meeting with over 40 traditional finance leaders, King came away thinking that while tokenization is inevitable, its adoption will not happen overnight.
Instead, it will progress gradually, beginning with assets that are easier to digitize. He expects tokenization will likely follow a structured, institution-led path rather than a fully decentralized model.
“This is going to reshape the entire industry—but it won’t happen the way people are expecting,” King said , sharing the BlackRock CEO’s interview on X.
King argues that one of the biggest misconceptions is that tokenization is still brand new. According to him, over $200 billion in assets have already been tokenized on-chain, primarily through stablecoins, which function as tokenized fiat currencies.
Related: Ethereum Dominates RWA Tokenization with $5.8 Billion in Assets, Leaving Competitors Behind
Going beyond stablecoins, treasury bills are another emerging category. King noted that $1 billion worth of treasury bills is already on-chain. These assets are particularly valuable because of their stability and yield generation. This makes them essential for decentralized finance (DeFi) and traditional finance (TradFi) applications.
“In DeFi, protocols usually require USDC as margin. In TradFi, exchanges usually require treasury bills as margin,” King explained .
Meanwhile, King emphasized that tokenization’s expansion depends on regulation and complexity. Corporate bonds and stocks face strict regulations, which will slow things down for adoption. Additionally, assets with features like yields and dividends require advanced blockchain solutions, making tokenization more challenging.
He sees short-term corporate bonds as the next major asset class for tokenization due to their predictable yield and standardized issuance. With the global bond market valued at $130 trillion, even a small fraction being tokenized could drive massive growth in DeFi.
“The global bond market is worth $130 trillion. If we tokenize even a fraction of that, DeFi could experience 1,300x growth,” King said.
In the interview shared by King, BlackRock CEO Larry Fink reaffirmed his belief that the tokenization of financial assets will redefine global markets. Fink emphasized that tokenization could eliminate inefficiencies in stock and bond settlements, improve security, and enhance investment customization.
Related: Investors Lie in Wait as Stablecoins Circulating Supply Surge Over $16B in 2025
“We believe the next step going forward will be the tokenization of financial assets,” Fink said. “Every stock, every bond will have its own CUSIP, and it’ll be on one general ledger.” He added that investors would have unique digital identifiers, reducing fraud and enabling instantaneous settlement of transactions.
Fink, who leads the world’s largest asset manager, sees tokenization as a technological breakthrough that could lower costs and increase transparency in traditional finance.
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