• The results of a solo miner earning an entire block show the probabilistic nature of the Bitcoin network despite its intense mining difficulty.
• The Bitcoin mining difficulty stands at around 37,590,453,655,497 and the total hash rate is about 293.94 Exahashes/s.

As Bitcoin price rallied toward $23K last week, the community was surprised by a solo Btc miner that managed to earn almost an entire block reward of about 6.25 coins. According to onchain data, a solo Bitcoin miner with a total hash rate of about 10 TH/ s earned approximately 98 percent of block 772,793 rewards on Friday. The remaining 2 percent went to Solo CK Pool, an online mining service that facilitates individual mining.

The rare and remarkable event happened amid whale Bitcoin miners like Foundry USA, AntPool, Binance Pool, and F2Pool with a hashrate percentage of about 33 percent, 19 percent, 13 percent and 12 percent respectively. As such, analysts believe the rare occasion can only be attributed to mere luck. A keen Bitcoin miner developer noted.

A miner of this size should only find a block solo about once every 500 years at the current bitcoin difficulty, making this a once-in-a-lifetime lucky event for them,

The results of a solo miner earning an entire block show the probabilistic nature of the Bitcoin network despite its intense mining difficulty.

Congratulations to miner 1CEmkQkgiCMx6DHSDkHi53mL8oEthCZSw…