• Solo bitcoin miner turns $75 of rented hashrate into a $200,000 block reward The miner rented 1 petahash per second through on-demand cloud mining and got lucky on block 938,092, one of 21 solo-mined blocks in the past year • What to know: A solo bitcoin miner who rented about $75 worth of cloud computing power validated block 938,092 and earned the full 3 • 125 BTC reward, worth more than $200,000 • The miner used 1 petahash per second of rented hashrate via CKPool, turning what is essentially a long-shot lottery ticket into a roughly 2,600-fold return • Solo-mined blocks, while still rare, are becoming more common as on-demand hashrate rentals lower barriers to entry, with 21 individual miners earning a combined 66 BTC over the past year despite rising network difficulty • Talk about winning the lottery

Article Summaries:

  • Solo bitcoin miner turns $75 of rented hashrate into a $200,000 block reward The miner rented 1 petahash per second through on-demand cloud mining and got lucky on block 938,092, one of 21 solo-mined blocks in the past year. What to know: - A solo bitcoin miner who rented about $75 worth of cloud computing power validated block 938,092 and earned the full 3.125 BTC reward, worth more than $200,000. - The miner used 1 petahash per second of rented hashrate via CKPool, turning what is essentially a long-shot lottery ticket into a roughly 2,600-fold return. - Solo-mined blocks, while still rare,

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