A solo Bitcoin miner successfully earned $330,000 from block #899826 on the 5th of June, defying the odds of solo mining success amidst a high Bitcoin network hashrate.
The miner, Solo CK, solved the block earning 3.151 BTC, including a transaction fee of about $2,761, showcasing the rarity of individual mining success.
Solo mining in Bitcoin is like winning the lottery, as most miners collaborate in pools due to the extreme computing power required for individual block validation.
The Bitcoin network's hashrate stood at 795.35 million on that day, indicating intense competition, increased energy consumption, and longer validation times.