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Last week, a solo Bitcoin miner defied towering odds and successfully processed a block, earning a cool 3.125 BTC—roughly $259,637, including transaction fees. While this might sound like a rare fluke, it’s part of a quiet trend: solo miners are scoring more often than they used to.
A One-in-a-Million Win
According to data from the Solo CKPool platform, solo miner entities processed 7 blocks in 2022, 12 in 2023, and 16 in 2024. The increase is modest, but telling. While these miners aren’t exactly overthrowing industrial giants, they’re proving that with enough patience—and a little luck—David can still land a blow on Goliath.
“This is still like playing the lottery,” said Scott Norris, CEO of independent mining firm Optiminer. “But people are playing it.”
Despite the long-shot odds, the growing presence of hobbyist miners may be playing a role in the recent uptick in solo block wins. Speaking to Decrypt, pseudonymous Bitcoin advocate Econoalchemist highlighted the trend of increasingly frequent solo victories.
“Now and then—and more often than before—it turns out that the machine solving a block is something like a Bitaxe, quietly humming away in someone’s living room,” he remarked.
Decentralization by Design—or Just Dreams?
That said, not all solo miner are lone bedroom hobbyists. Some have access to more hash power than it appears, and the line between “solo” and “private collective” isn’t always clear. Still, the spirit of solo mining remains: control, privacy, and independence.
The rise of plug-and-play mining rigs like Bitaxe and FutureBit Apollo has brought mining into more homes. In one notable case earlier this year, a FutureBit Apollo mined a block with the help of donated hash power from fellow enthusiasts. This effort was led by a group aiming to “dismantle the proprietary mining empire.”
While hobby miner won’t topple industrial mining operations anytime soon, their presence keeps alive the ethos of decentralization that Bitcoin was founded on.
