Solo Miner Wins Block Reward, Boosting Decentralization of Bitcoin

A solo Bitcoin miner has achieved a significant milestone, winning a $347,455 block reward known as ‘the Bitcoin mining lottery.’ This achievement occurred through the Public Pool Bitcoin mining pool, where they received 3.125 Bitcoin (BTC) and 0.016 BTC transaction fees. The event took place at block height 920,440 on Thursday at 7:32 pm UTC, according to Mempool.space data. This win is noteworthy because it highlights the miner’s independence in operating a solo mining pool, a technique different from the usual approach of pooling hash power with other miners.