CHART: When solo miners found a Bitcoin block
Much like hopeful lottery players who play despite knowing the odds are stacked firmly against them, there are still bitcoin miners who refuse to join a conventional mining pool. Defiant, they choose to work alone — the solo miners of the Bitcoin network. Solo mining is risky and mathematically irrational. Almost every miner joins large pools — usually set up to benefit Bitmain — for their predictable revenue. The chances of correctly solving Bitcoin’s mathematical puzzle working alone are nearly 0%. Yet ‘near zero’ doesn’t equal zero. Protos has put together a chart detailing when in the past 10 years, solo bitcoin miners have struck it lucky — click here to view . Depending on the definition of a ‘solo-mined’ block, there might be fewer than 300 such blocks produced in the last decade of Bitcoin’s existence. According to a March 10, 2023 estimate, solo miners’ luck had dwindled to one block every 10 months on average. To put that single block into context, conventional pools u