Solo Bitcoin miner bags over $200K block reward using rented hashrate

CoinTelegraph

by Zoltan Vardai

February 24, 2026

AI-Generated Deep Dive Summary

A solo Bitcoin miner achieved a remarkable feat by earning over $200,000 after successfully validating block 938092 on the Bitcoin network. This accomplishment is particularly noteworthy because it highlights the potential for individual miners to compete with larger mining operations using rented hashrate and innovative strategies. By spending approximately $75 on 1 petahash per second (PH/s) of computing power through CKPool, a service that allows solo miners to broadcast work and submit solutions independently, the miner secured the block reward of 3.125 Bitcoin (BTC), valued at around $200,000 at the time. This achievement is rare because most Bitcoin blocks are mined by large-scale operations or mining pools due to the immense computational power required. However, this case demonstrates that even hobby-level miners can occasionally strike it big with the right approach. The miner utilized CKPool, a platform designed for solo miners to lease hashrate on-demand without relying on traditional pool mining structures. By renting 1 PH/s of computing power for 24 hours and paying a small solo-mining fee, the miner was able to outpace competitors and claim the block reward. The success of this solo miner underscores the growing trend of individual miners leveraging on-demand hashrate services to participate in Bitcoin mining. This approach allows hobbyists and smaller operations to access high-end computing power temporarily, bypassing the need for expensive, long-term investments in hardware. The use of CKPool also highlights the importance of collaboration tools and infrastructure that enable solo miners to operate efficiently. For readers interested in cryptocurrency and blockchain technology, this story offers valuable insights into the dynamics of Bitcoin mining. It demonstrates how technological innovations and strategic resource allocation can level the playing field for smaller participants in a highly competitive industry. Additionally, it raises questions about the future of mining

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Originally published on CoinTelegraph on 2/24/2026