Bitcoin Mining: Why Solo Miners Are Suddenly Finding Entire Blocks More Often

In the world of Bitcoin mining, an astonishing trend is causing a stir: So-called solo miners are increasingly succeeding in processing a complete block – and reaping the entire reward, currently 3.125 BTC. Last week alone, a solo miner reported a jackpot worth around $259,000 on social media. But what’s really behind this trend?

Solo miners – what does that even mean?

Solo miners are not only individual hobbyists with miners in their living rooms, but also smaller groups or independent operators who consciously choose not to participate in large mining pools. Services like Solo CKPool allow mining even without their own Bitcoin node.

If a block is found, the solo miners receive the full reward – unlike traditional mining pools, where the profits are divided among the participants.

Figures show: Solo mining is increasing slightly

While 7 blocks were found via Solo CKPool in 2022, there were already 12 in 2023 and even 16 in 2024. Even though this is minimal compared to the total volume of Bitcoin blocks, it shows some increase in decentralized mining activities.

Myth “Hobby Miner” – not always entirely true

On platforms like Twitter, it’s often claimed that a small Bitaxe miner in the living room found a block on his own. This isn’t always true: Often, larger structures are behind the scenes, or supporting computing power is donated, as in a case in January when a FutureBit Apollo processed a block thanks to external hashrate.

The motivation behind: It’s about decentralization, not profit

Bitcoin maximalist and miner “Econoalchemist” emphasizes: It’s not primarily about the money, but about the decentralization of the network. Matt Howard of Solo Satoshi, maker of Bitaxe, states clearly: “The goal is more independence in mining. The reward is a bonus.”

Conclusion: Solo mining is alive – but remains rare

Even if the dream of finding a block with a $200 miner is still alive, the chances are tiny. According to the manufacturer, a Bitaxe Gamma with 1.2 TH/s has only a 0.00068% chance of finding a block daily. Nevertheless, the trend shows that Bitcoin remains an open technology – even for smaller players and solo miners.

__

(Featured image by Dmytro Demidko via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in BLOCK-BUILDERS.DE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us