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Another Bitcoin (BTC<\/a>) miner from the Solo CK mining pool has solo mined a new block on the Bitcoin blockchain, earning a block reward of 6.25 BTC (over $220,000 at current prices) as a result. The event <\/a>took place on Monday at a block height of 720,175.<\/p>\n Solo mining consists of attempting to validate blocks by a single miner, without teaming efforts with other miners on a mining pool, and running a full blockchain node. Without significant hashing capabilities, the odds of validating a block tend to be extremely unlikely.<\/p>\n To increase these odds and avoid the costs associated with solo mining, miners generally come together in pools to combine their hash power, increasing the chances of validating a block and ultimately sharing the spoils if they succeed.<\/p>\n According<\/a> to a recent tweet from CKPool admin Con Kolivas, this solo miner had a hash power of approximately 86 terahashes per second. Hash power determines the computational speed at which a computer can perform the cryptographic functions needed to mine cryptocurrency and validate a block for proof-of-work blockchains like Bitcoin. <\/p>\n Congratulations to another miner with approximately 86TH solving a solo block on https:\/\/t.co\/UWgBvLkDqc<\/a> ! There are a lot more miners now on the solo pool and if enough people are mining solo, someone will eventually be the lucky one as here. https:\/\/t.co\/Hqte2achR4<\/a> pic.twitter.com\/0ZT635LicD<\/a><\/p>\n \u2014 Dr. Con Kolivas (@ckpooldev) January 24, 2022<\/a><\/p><\/blockquote>\n The miner in question had less hash power than a single S9 mining machine; a relatively small amount of computational power, making this a very unlikely event.<\/p>\n Even more remarkable is the fact that only two weeks ago, another solo miner from the Solo CK mining pool also completed a similar task by successfully solving a valid block<\/a>. \u201cTo say this is very rare is an understatement,\u201d Bitcoin council member Hass McCook told Cointelegraph at the time.<\/p>\n Despite its name, CKPool isn\u2019t a regular mining pool, it’s a service that allows solo mining without dealing with the costs and troubles of running a full Bitcoin node.<\/p>\n<\/div>\n\n