One more Bitcoin (BTC) miner from the Solo CK mining pool has single-handedly mined a new block on the Bitcoin blockchain, generating a reward of 6.25 BTC – over $220,000 at current prices – in return. 

Specifically, the event reportedly happened on January 24th at a block height of 720,175.

Solo mining reportedly consists of various efforts for achieving validation of blocks by a single miner, with no assistance from other miners of the same team on a mining pool, and operating a full blockchain node. 

Without major hashing powers, the possibility of completing validation for a block is normally extremely unlikely.

To amplify the possibilities of the validation and control the costs that come with solo mining, miners normally gather in pools to combine their hash power, increasing the chances of validating a block and ultimately distributing the rewards evenly should they succeed.

Per a fresh tweet from CKPool admin Con Kolivas, this solo miner reportedly possesses a hash power of around 86 terahashes every second.

Hash power reportedly decides the computational speed that the computer is able to carry out the necessary cryptographic features to mine cryptocurrency and run validations for a block for proof-of-work blockchains such as Bitcoin.

The miner in the story reportedly possesses hash power lower than one individual S9 mining machine – a relatively low sum of computational power. 

To add up to the remarkable nature of the event, only two weeks prior, a different miner also from the Solo CK mining pool has single-handedly achieved the same feat, via successfully solving a valid block.