In the world of Bitcoin mining, an astonishing trend is causing a stir: So-called solo miners are increasingly succeeding in processing a complete block – and reaping the entire reward, currently 3.125 BTC. Last week alone, a solo miner reported a jackpot worth around $259,000 on social media. But what’s really behind this trend?
Solo mining – what does it even mean?
Solo miners are not only individual hobbyists with miners in their living rooms, but also smaller groups or independent operators who consciously choose not to participate in large mining pools. Services like Solo CKPool make it possible to mine even without their own Bitcoin node. If a block is found, the solo miner receives the full reward – unlike traditional mining pools, where the proceeds are divided among the participants.
Figures show: Solo mining is increasing slightly
While 7 blocks were found via Solo CKPool in 2022, there were already 12 in 2023 and even 16 in 2024. Even if this is minimal compared to the total volume of Bitcoin blocks, it does indicate a certain increase in decentralized mining activities.
The “hobby miner” myth – not always entirely true
On platforms like Twitter, it is often claimed that a small Bitaxe miner in the living room found a block on his own. This is not always true: Often, larger structures are behind the scenes, or supporting computing power is donated, as in a case in January when a FutureBit Apollo processed a block thanks to external hashrate.
Motivation: It’s about decentralization, not profit
The Bitcoin maximalist and miner “Econoalchemist” emphasizes: It’s not primarily about money, but about the decentralization of the network. Matt Howard of Solo Satoshi, manufacturer of the Bitaxe, states clearly: “The goal is more independence in mining. The reward is a bonus.”
Conclusion: Solo mining is alive – but remains rare
Even if the dream of finding a block with a $200 miner is alive, the chances are tiny. According to the manufacturer, a Bitaxe Gamma with 1.2 TH/s has only a 0.00068% chance of finding a block daily. Nevertheless, the trend shows that Bitcoin remains an open technology – even for smaller players.
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