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Solo Bitcoin Miner Turns $86 of Rented Hashpower Into $271,000 Reward

The lucky block find underscores Bitcoin’s lottery-like mining odds for small actors in a network dominated by large industrial operations.

Overview

  • Blockchain data show an anonymous miner found Bitcoin block 928,351 on Dec. 18 while solo mining with rented hashpower.
  • The miner reportedly spent about $86 via NiceHash and received roughly $271,000 from the block’s payout.
  • The block was mined outside any major pool, so the full reward accrued to the individual rather than being shared.
  • Analysts report the payout came primarily from the fixed block subsidy because transaction fees on the block were modest.
  • Coverage stresses this as a rare statistical outlier given near-record network hashrate and declining profitability for most miners.