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

A solo Bitcoin miner hit a rare jackpot of more than $200,000 after validating a block through $75 worth of rented hashrate.

A solo Bitcoin miner notched a rare win by validating an entire Bitcoin block, securing a huge payday using a hobby-level mining operation and on-demand hashrate. 

The miner earned the 3.125 Bitcoin (BTC) block reward, worth about $200,000 at current prices, after successfully mining block 938092, according to blockchain data and a post from Bitcoin mining firm Braiins.

Braiins said the miner relied on on-demand hashrate, spending about 119,000 satoshis, about $75 at the time, to rent 1 petahash per second of computing power and paying a small solo-mining fee in the process. The miner used CKPool, a service that lets individual miners work independently while using a pool server to broadcast work and submit solutions, the company said.

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