An individual Bitcoin miner has once again defied astronomical odds, successfully solving a block on the network and claiming the full reward, marking the eighth such rare triumph since the April 2024 halving.
This achievement saw the solo miner secure 3.141 BTC, a payout valued at over $347,000. The feat underscores the persistent, albeit incredibly improbable, ability of independent miners to compete against the network’s industrial-scale operations.
The news was initially highlighted by Umbrel, a Bitcoin node infrastructure firm, which publicly congratulated the miner via social media. The company lauded the individual’s success as an example of “pure self-sovereignty” in the decentralized cryptocurrency landscape.
MASSIVE congrats to another legend who beat the odds and solo-mined a block with @Public_Pool_BTC on their Umbrel and took home 3.141 BTC.
No middlemen. No third-parties.
Just pure self-sovereignty in action. pic.twitter.com/XbKTTDPyxa— Umbrel ☂️ (@umbrel) December 6, 2024
The miner processed block 920,440 through Public Pool, a service designed to allow independent miners to vie for complete block rewards without intermediaries. The 3.141 BTC reward comprised a base subsidy of 3.125 BTC, following the halving event, plus an additional 0.016 BTC in transaction fees.
This block facilitated 2,181 transactions, with an average fee of less than 1 sat/vB. Technical details confirming the transaction were verified using the Blockchain explorer Mempool.
Solo mining on the Bitcoin network is often likened to winning a lottery, given the extremely low probability of success. Experts suggest that for a small operation, such as one with under 200 terahashes per second (TH/s) of computing power, a victory like this might statistically occur only once every 100 years.
The Bitcoin network, which generates a new block approximately every 10 minutes, is predominantly controlled by large mining pools. These large operators, located in regions such as the United States, Kazakhstan, and China, possess exahash-scale computing power, making individual successes increasingly rare.
Despite the formidable competition, this latest triumph is one of at least eight reported instances of solo mining success since Bitcoin’s fourth halving in April 2024. That event halved the block reward from 6.25 BTC to 3.125 BTC.
Previous notable solo victories include an anonymous miner who solved block 913,593 last month using just 200 TH/s, overcoming odds of 1 in 36,000 per day to claim 3.129 BTC. Another instance in July 2024 saw a miner with 2.3 petahashes per second (PH/s) earn $342,700 for resolving block 903,883.
These extraordinary events provide inspiration for smaller operators, demonstrating that individual participation remains possible even as the network’s difficulty increases and industrial giants like MARA, with its 59.4 exahashes per second capacity, continue to expand. The “pure self-sovereignty” of Bitcoin mining, as Umbrel describes it, persists despite the overwhelming odds.