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Solo Bitcoin mining is often considered a fool’s errand, with success rates so low that the odds of solving a block on one’s own are estimated to be 1 in 1.4 million. Yet, against all expectations, solo miners have recently experienced a remarkable streak of luck, successfully mining 11 blocks in just six months. This recent surge in solo-mined blocks stands in stark contrast to the long-term trend, where solo miners were expected to find only one block every 10 months on average.
Historically, solo mining has been viewed as a mathematically irrational endeavor. While most miners join large pools, which provide predictable revenue and higher chances of earning rewards, solo miners have chosen to defy the odds. These miners, who refuse to join the conventional pools often dominated by giants like <a href="https://ultramining.com/en/manufacturers/bitmain/" rel="noopener noreferrer nofollow">Bitmain</a>, have nonetheless managed to mine 275 blocks since 2011, primarily through the Solo CK Pool, a platform that caters specifically to solo miners.
The Solo CK Pool, which has produced the majority of these solo-mined blocks, operates differently from traditional mining pools. Miners using this service pay 100% of their own mining costs and receive 98% of the coinbase reward (minus a 2% convenience fee) when they successfully mine a block. Despite the financial and operational challenges, the recent run of successful solo-mined blocks highlights the unpredictable nature of the Bitcoin network and the resilience of those who choose to go it alone.

Solo Bitcoin Mining Defies Odds with 11 Blocks Mined in Just Six Months Despite 1 in 1.4 Million Chances

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